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Long-Term Investments (Tables)
3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of Investment
Details of our investments are as follows (in thousands):
 
 
  
March 31, 2023
 
 
  
Cash and

Cash

Equivalents
 
  
Long-Term

Investment
 
Measured at fair value:
  
  
Available-for-sale
debt securities:
  
  
Money market funds
   $ 144,725      $ —    
Failed Auction Security
     —          2,631  
    
 
 
    
 
 
 
Total
     144,725        2,631  
     
Other measurement basis:
                 
Cash on hand
     48,172        —    
    
 
 
    
 
 
 
Total
   $ 192,897      $ 2,631  
    
 
 
    
 
 
 
   
    
December 31, 2022
 
    
Cash and

Cash

Equivalents
    
Long-Term

Investment
 
Measured at fair value:
                 
Available-for-sale
debt securities:
                 
Money market funds
   $ 143,274      $ —    
Failed Auction Security
     —          2,622  
    
 
 
    
 
 
 
Total
     143,274        2,622  
 
 
 
 
 
 
 
 
Other measurement basis:
                 
Cash on hand
     47,337        —    
    
 
 
    
 
 
 
Total
   $ 190,611      $ 2,622  
    
 
 
    
 
 
 
Summary of Available-for-Sale Securities
The following is a summary of the
available-for-sale
securities (in thousands):
 
March 31, 2023
   Cost      Gross
Unrealized
Gains
     Gross
Unrealized
Losses
     Estimated
Fair
Value
 
Failed Auction Security
   $ 3,000        —          369      $ 2,631  
 
 
December 31, 2022
   Cost      Gross
Unrealized
Gains
     Gross
Unrealized
Losses
     Estimated
Fair
Value
 
Failed Auction Security
     3,000        —          378        2,622  
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 March 31, 2023, by type and
contractual maturities, are shown below (in thousands):

 
     Cost     Estimated
Fair Value
 
Failed Auction Security:
                 
     
Due in twenty years
   $ 3,000      $ 2,631