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Investments
9 Months Ended
Sep. 30, 2021
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
Short-term investments as of September 30, 2021, consist of the following (in thousands):
 
Adjusted
Cost
Unrealized
Gains
Unrealized
Losses
Fair
Value
Corporate bonds$149,606 $$(12)$149,595 
Government bonds15,499 — — 15,499 
Asset-backed bonds22,559 (1)22,559 
Total short-term investments$187,664 $$(13)$187,653 
 
Short-term investments as of December 31, 2020, consist of the following (in thousands):

Adjusted
Cost
Unrealized
Gains
Unrealized
Losses
Fair
Value
Corporate bonds$55,224 $$(2)$55,227 
Government bonds14,121 — 14,123 
Asset-backed bonds3,514 — — 3,514 
Total short-term investments$72,859 $$(2)$72,864