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Investments (Tables)
12 Months Ended
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments by Security Type

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

 

 

 

December 31, 2022

 

 

 

Amortized
Cost

 

 

Gross
Unrealized Gain

 

 

Gross
Unrealized Loss

 

 

Fair
Value

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

2,465

 

 

$

 

 

$

 

 

$

2,465

 

Corporate bonds

 

 

2,958

 

 

 

 

 

 

(1

)

 

 

2,957

 

Government securities

 

 

12,898

 

 

 

3

 

 

 

(12

)

 

 

12,889

 

 

 

$

18,321

 

 

$

3

 

 

$

(13

)

 

$

18,311

 

 

 

 

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 December 31, 2022 and were as follows (in thousands):

 

 

 

Available-for-Sale

 

 

 

Cost

 

 

Fair Value

 

Due in 1-year or less

 

$

18,321

 

 

$

18,311

 

Due after 1-year through 5-years

 

 

 

 

 

 

 

 

$

18,321

 

 

$

18,311

 

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

 

 

 

Available-for-Sale

 

 

 

Cost

 

 

Fair Value

 

Due in 1-year or less

 

$

110,762

 

 

$

110,704

 

Due after 1-year through 5-years

 

 

496

 

 

 

495

 

 

 

$

111,258

 

 

$

111,199