Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Debt Securities, Available-for-Sale

Information regarding the Company’s short-term and long-term marketable securities as of December 31, 2023 and 2022 is as follows:

	December 31, 2023
(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. government agency securities	$	16,798	—		$	(278)	$	16,520
Corporate debt securities	2,511		—		(19)		2,492
U.S. municipal securities	7,876		—		(105)		7,771
Certificates of deposit/time deposits	249		—		—		249
Total marketable securities	$	27,434	$	—	$	(402)	$	27,032

	December 31, 2022
(in thousands)	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. government agency securities	$	25,275	—		$	(750)	$	24,525
Corporate debt securities	9,578		—		(205)		9,373
U.S. municipal securities	15,574		—		(417)		15,157
Certificates of deposit/time deposits	939		—		(7)		932
Total marketable securities	$	51,366	$	—	$	(1,379)	$	49,987

Investments Classified by Contractual Maturity Date

The December 31, 2023 balance of available-for-sale debt securities by contractual maturity is shown in the following table at fair value. Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.

(in thousands)	December 31, 2023
Due in one year or less	$	19,013
Due after one year through five years	8,019
Total marketable securities	$	27,032