Investments

3 Months Ended

Mar. 31, 2022

Investments, Debt and Equity Securities [Abstract]

The investment balances at March 31, 2022 and December 31, 2021, consisted of the following:


(in thousands)	March 31, 2022		December 31, 2021
Rabbi trust (associated with the Non-Qualified Deferred Compensation Plan)	$	11,534	$	12,069
Investments in equity securities	27		26
Total	$	11,561	$	12,095

We classify these investments as trading securities and report them at their fair value. For the three months ended March 31, 2022 and 2021, we recorded a net unrealized loss of $0.5 million and a net unrealized gain of $0.4 million, respectively, in other income, 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.