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v3.22.2.2

Marketable Investments | 9 Months Ended
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Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract] |
Marketable Investments | Note 2 — Marketable Investments The following table summarizes the Company’s marketable investments (in thousands):
|  | As of September 30, 2022 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Market |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Corporate obligations |  | $ | 19,234 |  |  | $ | — |  |  | $ | (232 | ) |  | $ | 19,002 |
Federal agency obligations |  |  | 1,000 |  |  |  | 1 |  |  |  | — |  |  |  | 1,001 |
Total |  | $ | 20,234 |  |  | $ | 1 |  |  | $ | (232 | ) |  | $ | 20,003 |
|  | 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 marketable investments during the three and nine months ended September 30, 2022 and 2021. The following table summarizes the maturity periods of the marketable investments in the Company’s portfolio as of September 30, 2022 (in thousands).
|  | FY 2022 |  |  | FY 2023 |  |  | FY 2024 |  |  | FY 2025 |  |  | Total |
Corporate obligations |  | $ | 3,797 |  |  | $ | 11,937 |  |  | $ | 2,335 |  |  | $ | 933 |  |  | $ | 19,002 |
Federal agency obligations |  |  | — |  |  |  | — |  |  |  | 1,001 |  |  |  | — |  |  | $ | 1,001 |
Total |  | $ | 3,797 |  |  | $ | 11,937 |  |  | $ | 3,336 |  |  | $ | 933 |  |  | $ | 20,003 |
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 September 30, 2022 |
|  | Less Than 12 Months |  |  | 12 Months or Greater |
|  | Market |  |  | Unrealized |  |  | Market |  |  | Unrealized |
|  | Value |  |  | Losses |  |  | Value |  |  | Losses |
Corporate obligations |  | $ | 15,007 |  |  | $ | 216 |  |  | $ | 3,995 |  |  | $ | 16 |
Total |  | $ | 15,007 |  |  | $ | 216 |  |  | $ | 3,995 |  |  | $ | 16 |
|  | 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 |  |  | $ | — |  |  | $ | — |

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
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