Investments

12 Months Ended

Dec. 31, 2020

INVESTMENTS

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


	As of December 31,
(in thousands)	2021		2020
Rabbi trust (associated with the Non-Qualified Deferred Compensation Plan)	$	12,069	$	10,755
Investments in equity securities	26		21
Total	$	12,095	$	10,776

We classify these investments as trading securities and report them at their fair value. For the years ended December 31, 2021, 2020 and 2019, we recorded net unrealized gains of $1.5 million, $1.5 million, and $1.6 million, respectively in other income (expense), net in the consolidated statements of income related to these investments. For the investments 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.