Cash and Cash Equivalents and Short-Term Investments

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Cash and Cash Equivalents and Short-Term Investments

CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS:

During the three months ended March 31, 2023, the Company purchased $75,000 in marketable debt securities, primarily comprised of highly liquid U.S. Treasury securities. The investments are held in the custody of a financial institution. These securities are classified as available-for-sale securities and have maturity dates ranging from June 2023 through September 2023, and thus are classified as current assets.

	March 31,
	2023		2022
Cash and Cash Equivalents	$	192,826	$	222,901
Restricted Cash - Current	45,797		33,854
Restricted Cash - Non-current	8,220		12,253
Cash and Cash Equivalents and Restricted Cash	246,843		269,008
Short-Term Investments	75,310		—
Total	$	322,153	$	269,008

The Company's investments in available-for-sale securities are as follows:

	March 31, 2023
					Gross Unrealized
	Amortized Cost		Allowance for Credit Losses		Gains		Losses		Fair Value
U.S. Treasury Securities	$	75,034	$	—	$	276	$	—	$	75,310

Available-for-sale investments are reported at fair value and any unrealized gains or losses are recognized in other comprehensive income, net of tax. Interest and dividends are included in net income when earned.