Investments in Debt Securities (Tables)

3 Months Ended

Mar. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Summary of Available-for-Sale Debt Securities

The cost basis and fair value of available-for-sale debt securities with unrealized gains and losses included in “Accumulated other comprehensive loss” in the consolidated balance sheets were as follows (in thousands):

	March 31, 2024						December 31, 2023
Available-for-sale securities	Cost Basis		Unrealized Gains/(Losses), net		Fair Value		Cost Basis		Unrealized Gains/(Losses), net		Fair Value
Government debt
U.S. treasury bonds	17,996		16		18,012		17,230		168		17,398
Total available-for-sale securities	$	17,996	$	16	$	18,012	$	17,230	$	168	$	17,398

Summary of Available-for-Sale Debt Securities by Contractual Maturity

The cost basis and fair value of available-for-sale debt securities at March 31, 2024, by contractual maturity, are shown below (in thousands). Expected maturities may differ from contractual maturities because borrowers may have the right to prepay and creditors may have the right to call obligations.

	March 31, 2024
	Cost Basis		Fair Value
Due in one year or less	$	17,996	$	18,012
Due after one year through five years	—		—
Total debt securities - available-for-sale	$	17,996	$	18,012