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v3.23.2

Marketable Investments (Tables) | 6 Months Ended
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Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract] |
Summary of Company's marketable investments | The following table summarizes the Company’s marketable investments (in thousands):
|  | As of June 30, 2023 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Market |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Corporate obligations |  | $ | 11,846 |  |  | $ | — |  |  | $ | (162 | ) |  | $ | 11,684 |
Federal agency obligations |  |  | 1,999 |  |  |  | — |  |  |  | (19 | ) |  |  | 1,980 |
Total |  | $ | 13,845 |  |  | $ | — |  |  | $ | (181 | ) |  | $ | 13,664 |
|  | As of December 31, 2022 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Market |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
Corporate obligations |  | $ | 17,900 |  |  | $ | 8 |  |  | $ | (205 | ) |  | $ | 17,703 |
Federal agency obligations |  |  | 1,999 |  |  |  | — |  |  |  | (14 | ) |  |  | 1,985 |
Total |  | $ | 19,899 |  |  | $ | 8 |  |  | $ | (219 | ) |  | $ | 19,688 |
Summarizes the maturity periods of the marketable investments | The following table summarizes the maturity periods of the marketable investments in the Company’s portfolio as of June 30, 2023 (in thousands).
|  | FY 2023 |  |  | FY 2024 |  |  | FY 2025 |  |  | Total |
Corporate obligations |  | $ | 5,953 |  |  | $ | 3,832 |  |  | $ | 1,899 |  |  | $ | 11,684 |
Federal agency obligations |  |  | — |  |  |  | 1,980 |  |  |  | — |  |  | $ | 1,980 |
Total |  | $ | 5,953 |  |  | $ | 5,812 |  |  | $ | 1,899 |  |  | $ | 13,664 |
Unrealized Losses on Debt Investments | 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 June 30, 2023 |
|  | Less Than 12 Months |  |  | 12 Months or Greater |
|  | Market |  |  | Unrealized |  |  | Market |  |  | Unrealized |
|  | Value |  |  | Losses |  |  | Value |  |  | Losses |
Corporate obligations |  | $ | 7,280 |  |  | $ | 85 |  |  | $ | 4,403 |  |  | $ | 77 |
Federal agency obligations |  |  | 1,980 |  |  |  | 19 |  |  |  | — |  |  |  | — |
Total |  | $ | 9,260 |  |  | $ | 104 |  |  | $ | 4,403 |  |  | $ | 77 |
|  | As of December 31, 2022 |
|  | Less Than 12 Months |  |  | 12 Months or Greater |
|  | Market |  |  | Unrealized |  |  | Market |  |  | Unrealized |
|  | Value |  |  | Losses |  |  | Value |  |  | Losses |
Corporate obligations |  | $ | 9,619 |  |  | $ | 139 |  |  | $ | 8,084 |  |  | $ | 66 |
Federal agency obligations |  |  | 1,985 |  |  |  | 14 |  |  |  | — |  |  |  | — |
Total |  | $ | 11,604 |  |  | $ | 153 |  |  | $ | 8,084 |  |  | $ | 66 |

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- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-6 + Details
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