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Investments (Tables)

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Summary of Available-for-Sale Investments

The Company began investing in available-for-sale (“AFS”) investments in the fourth quarter of 2021. The following table summarizes our AFS investments. These are classified as "Short-term investments" on the condensed consolidated balance sheets.

			September 30, 2022
			Amortized Cost						Gross Unrealized Gain						Gross Unrealized Loss						Fair Value
			(In thousands)
U.S. Treasury securities			$	35,719					$	—					$	(588)					$	35,131
Corporate bonds			37,894						—						(547)						37,347
Total available-for-sale investments			$	73,613					$	—					$	(1,135)					$	72,478

			December 31, 2021
			Amortized Cost						Gross Unrealized Gain						Gross Unrealized Loss						Fair Value
			(In thousands)
U.S. Treasury securities			$	8,154					$	—					$	(13)					$	8,141
Corporate bonds			7,343						1						(2)						7,342
Total available-for-sale investments			$	15,497					$	1					$	(15)					$	15,483

Breakdown of Available-for-sale, Unrealized Loss Position, Fair Value

The following table presents the breakdown of the AFS investments in an unrealized loss position as of September 30, 2022 and December 31, 2021, respectively.

			September 30, 2022												December 31, 2021
			Fair Value						Gross Unrealized Loss						Fair Value						Gross Unrealized Loss
			(In thousands)
U.S. Treasury securities
Less than 12 months			$	35,131					$	(588)					$	8,141					$	13
Total			$	35,131					$	(588)					$	8,141					$	13
Corporate bonds
Less than 12 months			$	37,347					$	(547)					$	5,640					$	2
Total			$	37,347					$	(547)					$	5,640					$	2

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- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI https://asc.fasb.org/topic&trid=2196928

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Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 55
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=121590138&loc=SL82922954-210456

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-Name Accounting Standards Codification
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