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Marketable Investments
12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Marketable Investments

Note 3 – Marketable Investments

The following table summarizes the Company’s marketable investments (in thousands):

 

 

 

As of December 31, 2021

 

 

 

 

 

 

Gross

 

 

Gross

 

 

 

 

 

 

Amortized

 

 

Unrealized

 

 

Unrealized

 

 

Market

 

 

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Corporate obligations

 

$

18,542

 

 

$

 

 

$

(33

)

 

$

18,509

 

Total

 

$

18,542

 

 

$

 

 

$

(33

)

 

$

18,509

 

Realized gains and losses on investments are included in earnings and are determined using the specific identification method. There were no realized gains or losses on the sale of the Company’s marketable investments during the year ended December 31, 2021.

The following table summarizes the maturity periods of the marketable investments in the Company’s portfolio as of December 31, 2021 (in thousands).

 

 

 

FY2022

 

 

FY2023

 

 

Total

 

Corporate obligations

 

$

11,437

 

 

$

7,072

 

 

$

18,509

 

Total

 

$

11,437

 

 

$

7,072

 

 

$

18,509

 

The following table shows the gross unrealized losses and market value of the Company’s available-for-sale securities with unrealized losses that are not deemed to be other-than-temporary, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position (in thousands):

 

 

 

As of December 31, 2021

 

 

 

Less Than 12 Months

 

 

12 Months or Greater

 

 

 

Market

 

 

Unrealized

 

 

Market

 

 

Unrealized

 

 

 

Value

 

 

Losses

 

 

Value

 

 

Losses

 

Corporate obligations

 

$

18,509

 

 

$

33

 

 

$

 

 

$

 

Total

 

$

18,509

 

 

$

33

 

 

$

 

 

$