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Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2022

Marketable Securities [Abstract]

Summary of marketable securities

The balances consisted of the following securities (in thousands):


			Adjusted Cost						Unrealized Gain/(Loss)						Fair Value
Corporate Bonds			$	40,823					$	(2,579)					$	38,244
U.S. Treasury			20,869						(1,313)						19,556
Mortgage-Backed			5,980						(606)						5,374
U.S. agency and government sponsored securities			10,781						(1,221)						9,560
U.S. states and municipalities			11,801						(895)						10,906
Asset-Backed			67						(1)						66
Total			$	90,321					$	(6,615)					$	83,706

The balances consisted of the following securities (in thousands):


			Adjusted Cost						Unrealized Gain/(Loss)						Fair Value
Corporate Bonds			$	47,864					$	(529)					$	47,335
U.S. Treasury			24,410						(257)						24,153
Mortgage-Backed			7,504						(143)						7,361
U.S. agency and government sponsored securities			14,675						(87)						14,588
U.S. states and municipalities			11,871						(189)						11,682
Asset-Backed			6,456						(50)						6,406
Commercial Paper			998						–						998
Total			$	113,778					$	(1,255)					$	112,523

The contractual maturities of the Company’s marketable investments as of December 31, 2022 were as follows (in thousands):


			Fair Value
Due within 1 year			$	12,665
Due after 1 year through 5 years			62,377
Due after 5 years through 10 years			4,471
Due after 10 years			4,193
Total			$	83,706