Cash and Investments

3 Months Ended

Mar. 31, 2020

Cash And Cash Equivalents [Abstract]

Cash and Investments

5. Cash and Investments

Cash is carried at cost, which approximates their fair market value. Cash consisted of the following:

	March 31, 2020		December 31, 2019
Cash	$	40,279	$	52,487
Total cash	$	40,279	$	52,487

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. The cumulative unrealized loss, net of taxes, was $169 as of March 31, 2020. There were no realized gains or losses as of December 31, 2019. 

Short-term investments consisted of the following:

	March 31, 2020
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Short-term investments:
Bond funds	$	5,056	$	—	$	(169	)	$	4,887
Total short-term investments	$	5,056	$	—	$	(169	)	$	4,887

	December 31, 2019
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Short-term investments:
Bond funds	$	5,012	$	—	$	—	$	5,012
Total short-term investments	$	5,012	$	—	$	—	$	5,012