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Investments (Tables)
3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cost, Gross Unrealized Holding Gains, Gross Unrealized Holding Losses and Fair Value of Available for Sale Investments

The Company's available-for-sale investments consisted of the following (in thousands):

 

March 31, 2023

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Estimated
Fair Value

 

Short-term

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

124,250

 

 

$

 

 

$

(519

)

 

$

123,731

 

U.S. agency bonds

 

 

5,000

 

 

 

 

 

 

(24

)

 

 

4,976

 

Certificates of deposit

 

 

1,960

 

 

 

 

 

 

(28

)

 

 

1,932

 

Short-term investments

 

$

131,210

 

 

$

 

 

$

(571

)

 

$

130,639

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

19,237

 

 

$

72

 

 

$

 

 

$

19,309

 

Long-term investments

 

$

19,237

 

 

$

72

 

 

$

 

 

$

19,309

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Short-term

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

135,878

 

 

$

 

 

$

(1,094

)

 

$

134,784

 

U.S. agency bonds

 

 

2,500

 

 

 

 

 

 

(11

)

 

 

2,489

 

Certificates of deposit

 

 

2,191

 

 

 

 

 

 

(32

)

 

 

2,159

 

Short-term investments

 

$

140,569

 

 

$

 

 

$

(1,137

)

 

$

139,432

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term

 

 

 

 

 

 

 

 

 

 

 

 

U.S. treasury securities

 

$

19,360

 

 

$

 

 

$

(126

)

 

$

19,234

 

U.S. agency bonds

 

 

2,500

 

 

 

 

 

 

(24

)

 

 

2,476

 

Certificates of deposit

 

 

245

 

 

 

 

 

 

(4

)

 

 

241

 

Long-term investments

 

$

22,105

 

 

$

 

 

$

(154

)

 

$

21,951