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Investments
12 Months Ended
Dec. 31, 2019
Cash And Cash Equivalents [Abstract]  
Investments

(5) Investments

Cash Equivalents

Cash equivalents consisted of the following as of December 31, 2019 and 2018 (in thousands):

 

 

 

December 31, 2019

 

 

December 31, 2018

 

 

 

Cost

 

 

Estimated

Fair Value

 

 

Cost

 

 

Estimated

Fair Value

 

Institutional Money Market Funds

 

$

55,258

 

 

$

55,258

 

 

$

29,948

 

 

$

29,948

 

 

As a result of the short-term nature of our investments, there were minimal unrealized holding gains or losses as of December 31, 2019, 2018 and 2017.

All the investments listed above have been classified as cash equivalents on our consolidated balance sheet as of December 31, 2019 and 2018, respectively.