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Marketable Securities (Tables)
 3 Months Ended
Mar. 31, 2022
Marketable Securities [Abstract]  
Schedule of Marketable Securities

Our investments in marketable securities are classified as available-for-sale and consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2022

(In thousands)

 

Amortized Cost

 

Unrealized
Gains

 

Unrealized
Losses

 

Fair Value

Short-Term

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

4,091

 

 

$

3

 

 

$

(17
 )

 

$

4,077

 

Corporate debt securities and certificates of deposit

 

4,731

 

 

1

 

 

(20

 )

 

4,712

 

Asset backed securities
290

—

—

290

Marketable securities – short-term

 

$

9,112

 

 

$

4

 

 

$

(37

 )

 

$

9,079

 

Long-Term

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

10,259

 

 

$

—

 

 

$

(275

 )

 

$

9,984

 

Corporate debt securities and certificates of deposit 

 

6,547

 

 

—

 

 

(141

 )

 

6,406

 

Asset backed securities

 

2,538

 

 

1

 

 

(52

 )

 

2,487

 

Equity security

 

42

 

 

—

 

 

(1

 )

 

41

 

Marketable securities – long-term

 

$

19,386

 

 

$

1

 

 

$

(469

 )

 

$

18,918

 





 

December 31, 2021

(In thousands)

 

Amortized Cost

 

Unrealized
Gains

 

Unrealized
Losses

 

Fair Value

Short-Term

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

3,005

 

 

$

13

 

 

$

—

 

$

3,018

 

Corporate debt securities and certificates of deposit

 

4,177

 

 

8

 

 

(2

 )

 

4,183

 

Asset backed securities

 

125

 

 

1

 

 

—

 

 

126

 

  Marketable securities – short-term

 

$

7,307

 

 

$

22

 

 

$

(2

 )

 

$

7,327

 

Long-Term

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government and agency obligations

 

$

9,921

 

 

$

5

 

 

$

(57

 )

 

$

9,869

 

Corporate debt securities and certificates of deposit

 

4,869

 

 

9

 

 

(18

 )

 

4,860

 

Asset backed securities

 

2,511

 

 

9

 

 

(11

 )

 

2,509

 

Equity security

 

42

 

 

1

 

 

—

 

43

 

Marketable securities – long-term

 

$

17,343

 

 

$

24

 

 

$

(86

 )

 

$

17,281

 

Schedule of Unrealized Loss Position


At March 31, 2022 and December 31, 2021, investments in marketable debt securities in an unrealized loss position were as follows:  

 
 
 
 

 
In Unrealized Loss Position For
Less Than 12 Months 
 
 In Unrealized Loss Position For
Greater Than 12 Months
(In thousands) 
 
Fair Value
 
Gross Unrealized
Losses
 
Fair Value
 
Gross Unrealized
Losses
March 31, 2022












   U.S. government and agency obligations

$
10,486


$
(214
 )

$
2,371


$
(78
 )
   Corporate debt securities and certificates of deposit

9,978


(153
 )

319


(8
 )
   Asset backed securities

1,917


(50
 )

88


(2
 )
      Marketable securities

$
22,381


$
(417
 )

$
2,778


$
(88
 )
December 31, 2021
 
 

 
 

 
 

 
 

U.S. government and agency obligations
 
$
9,250

 
$
(57
 )
 
$
—
 
$
—
Corporate debt securities and certificates of deposit
 
5,188

 
(18
 )
 
355
 
(2
 )
Asset backed securities

1,278


(11
 )

—

—
Marketable securities
 
$
15,716

 
$
(86
 )
 
$
355
 
$
(2
 )