Cash and Investments

6 Months Ended

Jun. 30, 2022

Cash and Cash Equivalents [Abstract]

Cash and Investments

5. Cash and Investments

Cash is carried at cost, which approximates fair market value. As of June 30, 2022 and December 31, 2021, cash totaled $374.1 million and $361.6 million respectively.

Investments are recorded at fair value with the related unrealized gains and losses included in accumulated other comprehensive income, a component of stockholders’ equity, net of tax. Realized gains and losses on the sale of these investments are determined using the specific identification method. There were no realized gains or losses as of June 30, 2022 or December 31, 2021.

Short-term investments consisted of the following:

	June 30, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Short-term investments:
Pooled bond funds	$	20,187	$	—	$	(280	)	$	19,907
Total short-term investments	$	20,187	$	—	$	(280	)	$	19,907

	December 31, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Short-term investments:
Pooled bond and money market funds	$	20,090	$	—	$	(14	)	$	20,076
Total short-term investments	$	20,090	$	—	$	(14	)	$	20,076