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Investments (Tables)
3 Months Ended
Mar. 31, 2024
Investments  
Schedule of cash, cash equivalents and investments

Cash, cash equivalents, restricted cash and investments consist of the following (in thousands):

    

March 31, 2024

 

    

    

Gross

    

Gross

    

 

Amortized

Unrealized

Unrealized

Fair

 

    

Cost

    

Gains

    

Losses

    

Value

 

Cash, cash equivalents & restricted cash:

Cash and money market accounts

$

82,594

$

$

$

82,594

Total cash, cash equivalents & restricted cash:

$

82,594

$

$

$

82,594

Investments:

Corporate bonds, agency bonds and commercial paper (due within 1 year)

$

28,813

$

$

(4)

$

28,809

Total investments

$

28,813

$

$

(4)

$

28,809

Total cash, cash equivalents, restricted cash and investments

$

111,407

$

$

(4)

$

111,403

    

December 31, 2023

    

    

Gross

    

Gross

    

 

Amortized

 

Unrealized

 

Unrealized

 

Fair

    

Cost

    

Gains

    

Losses

    

Value

 

Cash, cash equivalents & restricted cash:

Cash and money market accounts

$

79,076

$

$

$

79,076

Total cash, cash equivalents & restricted cash:

$

79,076

$

$

$

79,076

Investments:

Corporate bonds, agency bonds and commercial paper (due within 1 year)

$

59,208

$

13

(1)

$

59,220

Total investments

$

59,208

$

13

$

(1)

$

59,220

Total cash, cash equivalents, restricted cash and investments

$

138,284

$

13

$

(1)

$

138,296

Summary of available-for-sale securities with unrealized losses for less than 12 months

The following is a summary of available-for-sale securities with unrealized losses for less than 12 months as of March 31, 2024 and December 31, 2023 (in thousands):

    

March 31, 2024

    

December 31, 2023

Fair

Unrealized

Fair

Unrealized

    

Value

    

Losses

    

Value

    

Losses

Corporate bonds, agency bonds and commercial paper (due within 1 year)

$

28,809

$

(4)

$

8,896

$

(1)

Total available-for-sale securities in an unrealized loss position

$

28,809

$

(4)

$

8,896

$

(1)