XML 19 R9.htm IDEA: XBRL DOCUMENT v3.21.1

Investments

3 Months Ended

Mar. 31, 2021

Investments Debt And Equity Securities [Abstract]

Investments

3. INVESTMENTS

Cash in excess of the Company’s immediate requirements is invested in accordance with the Company’s investment policy that primarily seeks to maintain adequate liquidity and preserve capital.

The following table summarizes the Company’s interest-bearing investments, by category, as of March 31, 2021 (in thousands):

		March 31,
Investments - Current:		2021
Debt securities - available-for-sale		$	36,081
Total		$	36,081
Investments - Noncurrent:
Debt securities - available-for-sale		$	38,576
Total		$	38,576

A summary of the Company’s available-for-sale investments as of March 31, 2021 consisted of the following (in thousands):

		At March 31, 2021
		Cost				Gross Unrealized				Gross Unrealized				Fair
Investments - Current:		Basis				Gains				Losses				Value
Corporate bonds		$	36,097			$	—			$	(16	)		$	36,081
Total		$	36,097			$	—			$	(16	)		$	36,081
Investments - Noncurrent:
Corporate bonds		$	38,640			$	—			$	(64	)		$	38,576
Total		$	38,640			$	—			$	(64	)		$	38,576

The amortized cost and fair value of the Company’s available-for-sale investments, by contract maturity, as of March 31, 2021 consisted of the following (in thousands):

		Amortized				Fair
		Cost				Value
Due in one year or less		$	36,097			$	36,081
Due after one year through five years			38,640				38,576
Total		$	74,737			$	74,657

The Company had no marketable securities as of December 31, 2020.

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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 http://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 http://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 http://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 http://asc.fasb.org/subtopic&trid=2176304

+ Details

Name:	us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration