XML 34 R22.htm IDEA: XBRL DOCUMENT v3.21.2
Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Summary of Investments

Investments consist of the following as of June 30, 2021 and December 31, 2020 (dollars in thousands):

 

 

 

June 30, 2021

 

 

 

 

 

 

 

Gross Unrealized

 

 

 

 

 

 

 

Cost

 

 

Gain

 

 

(Loss)

 

 

Fair Value

 

Short-term investments (available for sale):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal bonds

 

$

138

 

 

$

-

 

 

$

-

 

 

$

138

 

Non-governmental debt securities

 

 

386,509

 

 

 

81

 

 

 

(164

)

 

 

386,426

 

Treasury and federal agencies

 

 

2,746

 

 

 

1

 

 

 

(1

)

 

 

2,746

 

Total short-term investments (available for sale)

 

$

389,393

 

 

$

82

 

 

$

(165

)

 

$

389,310

 

 

 

 

December 31, 2020

 

 

 

 

 

 

 

Gross Unrealized

 

 

 

 

 

 

 

Cost

 

 

Gain

 

 

(Loss)

 

 

Fair Value

 

Short-term investments (available for sale):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal bonds

 

$

139

 

 

$

1

 

 

$

-

 

 

$

140

 

Non-governmental debt securities

 

 

288,578

 

 

 

331

 

 

 

(176

)

 

 

288,733

 

Treasury and federal agencies

 

 

11,799

 

 

 

6

 

 

 

(2

)

 

 

11,803

 

Total short-term investments (available for sale)

 

$

300,516

 

 

$

338

 

 

$

(178

)

 

$

300,676

 
Schedule of Maintenance Fee Payment to CCKF

We make periodic operating maintenance payments related to proprietary rights that we use in our intellipath® personalized learning technology. The total fees paid during the quarters and years to date ended June 30, 2021 and 2020 were as follows (dollars in thousands):

 

Maintenance Fee Payments

 

For the quarter ended June 30, 2021

$

436

 

For the quarter ended June 30, 2020 (1)

$

-

 

For the year to date ended June 30, 2021

$

859

 

For the year to date ended June 30, 2020 (1)

$

1,443

 

________________________

(1)During the first quarter of 2020, the Company prepaid maintenance payments for the full year 2020, of which approximately $0.4 million and $0.8 million was recognized as expense for the quarter and year to date ended June 30, 2020, respectively.