Investments (Tables)

3 Months Ended

Mar. 31, 2023

Schedule Of Investments [Abstract]

Schedule of Contractual Maturities of Held to Maturity Investments

The contractual maturities of the Company’s held to maturity investments are summarized below (in thousands):

	March 31, 2023				December 31, 2022
	Amortized Cost Basis		Aggregate Fair Value		Amortized Cost Basis		Aggregate Fair Value
Due in one year or less(1)	$	154,569	$	154,314	$	152,862	$	156,976
Due after one year through five years		492		496		1,961		1,948
Total	$	155,061	$	154,810	$	154,823	$	158,924

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(1)The investments due in one year or less include cash equivalents of $74.3 million as of March 31, 2023 and $51.8 million as of December 31, 2022.

Schedule of Fair Value of Cash Equivalents, Long and Short Term Investments

The fair value of the cash equivalents, long-term and short-term investments are disclosed below (dollars in thousands).

	March 31, 2023
	Investment Level	Amortized Cost (Carrying Value)		Gross Unrealized Holding Losses			Estimated Fair Value
Commercial bonds and paper	Level 2	$	56,832	$	(269	)	$	56,563
Money market funds	Level 1		74,295		—			74,295
U.S. Treasuries	Level 2		23,934		(317	)		23,617
Total cash equivalents and investments			155,061		(586	)		154,475
Less: cash equivalents			74,296		—			74,296
Total Investments		$	80,765	$	(586	)	$	80,179

	December 31, 2022
	Investment Level	Amortized Cost (Carrying Value)		Gross Unrealized Holding Losses			Estimated Fair Value
Commercial bonds and paper	Level 2	$	66,762	$	(594	)	$	66,168
Money market funds	Level 1		51,783		—			51,783
U.S. Treasuries	Level 2		36,278		(587	)		35,691
Total cash equivalents and investments			154,823		(1,181	)		153,642
Less: cash equivalents			51,783		—			51,783
Total Investments		$	103,040	$	(1,181	)	$	101,859