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Investments (Tables)
6 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments by Security Type

Investments by security type consisted of the following at June 30, 2022 and December 31, 2021 (in thousands):

 

 

 

June 30, 2022

 

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gain

 

 

Gross
Unrealized
Loss

 

 

Fair
Value

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

12,043

 

 

$

 

 

$

(51

)

 

$

11,992

 

Government securities

 

 

57,184

 

 

 

 

 

 

(205

)

 

 

56,979

 

 

 

$

69,227

 

 

$

 

 

$

(256

)

 

$

68,971

 

 

 

 

 

December 31, 2021

 

 

 

Amortized
Cost

 

 

Gross
Unrealized
Gain

 

 

Gross
Unrealized
Loss

 

 

Fair
Value

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

6,250

 

 

$

 

 

$

 

 

$

6,250

 

Corporate bonds

 

 

40,123

 

 

 

 

 

 

(28

)

 

 

40,095

 

Government securities

 

 

64,885

 

 

 

 

 

 

(31

)

 

 

64,854

 

 

 

$

111,258

 

 

$

 

 

$

(59

)

 

$

111,199

 

Schedule of Amortized Cost and Fair Value of Investments by Contractual Maturity

The amortized cost and fair value of investments in commercial paper, corporate bonds and government securities by contractual maturity, as of June 30, 2022 and December 31, 2021 were as follows (in thousands):

 

 

 

Available-for-Sale as of
June 30, 2022

 

 

Available-for-Sale as of
December 31, 2021

 

 

 

Cost

 

 

Fair Value

 

 

Cost

 

 

Fair Value

 

Due in 1-year or less

 

$

69,227

 

 

$

68,971

 

 

$

110,762

 

 

$

110,704

 

Due after 1-year through 5-years

 

 

 

 

 

 

 

 

496

 

 

 

495

 

 

 

$

69,227

 

 

$

68,971

 

 

$

111,258

 

 

$

111,199