XML 43 R27.htm IDEA: XBRL DOCUMENT v3.24.1
Investments (Tables)
 12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Debt Securities, Held-to-Maturity
The following table summarizes adjusted cost, gross unrealized losses, and fair value by significant investment category. The Company’s commercial paper investments with original maturities greater than 90 days are classified as held-to-maturity and commercial paper investments with original maturities of 90 days or less are classified as cash equivalents on its consolidated balance sheets as of December 31, 2023 and 2022.
Amortized CostGross UnrealizedFair ValueNet Carrying Value
GainsLosses
As of December 31, 2023
(In Thousands)
Cash equivalents
Commercial paper$4,976 $10 $— $4,986 $4,976 
Total cash equivalents$4,976 $10 $— $4,986 $4,976 
Investments
Commercial paper$16,799 $— $(10)$16,789 $16,799 
Total investments$16,799 $— $(10)$16,789 $16,799 
Amortized CostGross UnrealizedFair ValueNet Carrying Value
GainsLosses
As of December 31, 2022
(In Thousands)
Investments
Commercial paper$58,733 $— $(144)$58,589 $58,733 
Total investments$58,733 $— $(144)$58,589 $58,733 
The amortized cost and fair value of held-to-maturity securities as of December 31, 2023 and 2022 by contractual maturity are shown below.
As of December 31, 2023
Amortized CostFair Value
(In Thousands)
Within one year$16,799 $16,789 
After one year through five years— — 
After 5 years through 10 years— — 
After 10 years— — 
Total investments$16,799 $16,789 
As of December 31, 2022
Amortized CostFair Value
(In Thousands)
Within one year$58,733 $58,589 
After one year through five years— — 
After 5 years through 10 years— — 
After 10 years— — 
Total investments$58,733 $58,589 
Unrealized Gain (Loss) on Investments
For those securities in an unrealized loss position, the length of time the securities were in such a position is as follows:
Less than 12 MonthsTotal
# of SecuritiesFair ValueUnrealized Losses# of SecuritiesFair ValueUnrealized Losses
As of December 31, 2023
(Dollars In Thousands)
Investments
Commercial paper4 $16,789 $(10)4 $16,789 $(10)
Total4 $16,789 $(10)4 $16,789 $(10)
Less than 12 MonthsTotal
# of SecuritiesFair ValueUnrealized Losses# of SecuritiesFair ValueUnrealized Losses
As of December 31, 2022
(Dollars In Thousands)
Investments
Commercial paper11 $58,589 $(144)11 $58,589 $(144)
Total11 $58,589 $(144)11 $58,589 $(144)