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Investments (Tables)
12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Summary of Investment

Details of our investments are as follows (in thousands):

 

 

 

December 31, 2024

 

 

 

Cash and Cash

 

 

Long-Term

 

Measured at fair value:

 

Equivalents

 

 

Investment

 

Available-for-sale debt securities:

 

 

 

 

 

 

Money Market Funds

 

$

246,745

 

 

$

 

Failed Auction Security

 

 

 

 

 

2,641

 

Total

 

 

246,745

 

 

 

2,641

 

 

 

 

 

 

 

Other measurement basis:

 

 

 

 

 

 

Cash on hand

 

 

30,528

 

 

 

 

Total

 

$

277,273

 

 

$

2,641

 

 

 

 

December 31, 2023

 

 

 

Cash and Cash

 

 

Long-Term

 

Measured at fair value:

 

Equivalents

 

 

Investment

 

Available-for-sale debt securities:

 

 

 

 

 

 

Money Market Funds

 

$

209,489

 

 

$

 

Failed Auction Security

 

 

 

 

 

2,530

 

Total

 

 

209,489

 

 

 

2,530

 

Other measurement basis:

 

 

 

 

 

 

Cash on hand

 

 

32,730

 

 

 

 

Total

 

$

242,219

 

 

$

2,530

 

Summary of Available-for-Sale Securities

The following is a summary of the available-for-sale securities (in thousands):

 

 

 

 

 

 

Gross

 

 

Gross

 

 

Estimated

 

 

 

 

 

 

Unrealized

 

 

Unrealized

 

 

Fair

 

December 31, 2024

 

Cost

 

 

Gains

 

 

Losses

 

 

Value

 

Failed Auction Security

 

$

3,000

 

 

$

 

 

$

359

 

 

$

2,641

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Failed Auction Security

 

$

3,000

 

 

$

 

 

$

470

 

 

$

2,530

 

Cost and Estimated Fair Value of Failed Auction Security by Contractual Maturities

The amortized cost and estimated fair value of the available-for-sale securities on December 31, 2024, by type and contractual maturities, are shown below (in thousands):

Failed Auction Security:

 

 

 

 

 

 

Estimated

 

 

 

Cost

 

 

Fair Value

 

Due in seventeen years

 

$

3,000

 

 

$

2,641