Investments

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Investments

Investments

The following table represents the Company’s available for sale investments by major security type (amounts in thousands):

	March 31, 2023
	Amortized Cost		Gross Unrealized Loss		Total Fair Value
Investments:
U.S. Treasury securities	$	69,791	$	(339)	$	69,452
Total investments	$	69,791	$	(339)	$	69,452

	December 31, 2022
	Amortized Cost		Gross Unrealized Loss		Total Fair Value
Investments:
U.S. Treasury securities	$	114,778	$	(877)	$	113,901
Total investments	$	114,778	$	(877)	$	113,901

The Company’s investment instruments and cash and cash equivalents are classified using Level 1 inputs within the fair value hierarchy and are valued using quoted market prices, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency. Debt securities have a weighted-average maturity of 0.24 years as of March 31, 2023.