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Investments (Tables)
3 Months Ended
Mar. 31, 2021
Investments Debt And Equity Securities [Abstract]  
Schedule of Investments by Security Type

Investments by security type consisted of the following at March 31, 2021 and December 31, 2020 (in thousands):

 

 

 

March 31, 2021

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gain

 

 

Gross

Unrealized

Loss

 

 

Fair

Value

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

14,491

 

 

$

 

 

$

 

 

$

14,491

 

Corporate bonds

 

 

78,337

 

 

 

5

 

 

 

(42

)

 

 

78,300

 

Certificate of deposit

 

 

2,272

 

 

 

 

 

 

 

 

 

2,272

 

Government securities

 

 

110,885

 

 

 

27

 

 

 

(5

)

 

 

110,907

 

 

 

$

205,985

 

 

$

32

 

 

$

(47

)

 

$

205,970

 

 

 

 

 

December 31, 2020

 

 

 

Amortized

Cost

 

 

Gross

Unrealized

Gain

 

 

Gross

Unrealized

Loss

 

 

Fair

Value

 

Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial paper

 

$

12,343

 

 

$

 

 

$

 

 

$

12,343

 

Corporate bonds

 

 

68,333

 

 

 

8

 

 

 

(52

)

 

 

68,289

 

Certificate of deposits

 

 

2,272

 

 

 

-

 

 

 

-

 

 

 

2,272

 

Government securities

 

 

104,491

 

 

 

6

 

 

 

(9

)

 

 

104,488

 

 

 

$

187,439

 

 

$

14

 

 

$

(61

)

 

$

187,392

 

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, certificate of deposits and government securities by contractual maturity, as of March 31, 2021 were as follows (in thousands):

 

 

 

Available-for-Sale as of March 31, 2021

 

 

Available-for-Sale as of December 31, 2020

 

 

 

Cost

 

 

Fair Value

 

 

Cost

 

 

Fair Value

 

Due in 1-year or less

 

$

176,213

 

 

$

176,221

 

 

$

137,588

 

 

$

137,567

 

Due after 1-year through 5-years

 

 

29,772

 

 

 

29,749

 

 

 

49,851

 

 

 

49,825

 

 

 

$

205,985

 

 

$

205,970

 

 

$

187,439

 

 

$

187,392