Investments

9 Months Ended

Sep. 30, 2021

Investments, Debt and Equity Securities [Abstract]

The investment balances at September 30, 2021 and December 31, 2020, consisted of the following:


(in thousands)	September 30, 2021		December 31, 2020
Rabbi trust (associated with the Non-Qualified Deferred Compensation Plan)	$	11,467	$	10,755
Investments in equity securities	23		21
Total	$	11,490	$	10,776

We classify these investments as trading securities and report them at their fair value. For the three months ended September 30, 2021 and 2020, we recorded an immaterial net unrealized loss and a net unrealized gain of $0.6 million, respectively, in other income, net in the condensed consolidated statements of income related to these investments. For the nine months ended September 30, 2021 and 2020, we recorded net unrealized gains of approximately $1.0 million and $0.4 million, respectively, in other expense, net in the condensed consolidated statements of income related to these investments. For the investment in the Rabbi Trust, we also have recorded an associated liability, which is included in other pension and benefit costs in the consolidated balance sheets and is adjusted each period for the gains and losses incurred by the investments in the Rabbi Trust.