Investments (Tables)

6 Months Ended

Jun. 30, 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):

	June 30, 2023				December 31, 2022
	Amortized Cost Basis		Aggregate Fair Value		Amortized Cost Basis		Aggregate Fair Value
Due in one year or less(1)	$	133,088	$	132,864	$	152,862	$	156,976
Due after one year through five years		2,282		2,258		1,961		1,948
Total	$	135,370	$	135,122	$	154,823	$	158,924

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(1)The investments due in one year or less include cash equivalents of $74.9 million as of June 30, 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).

	June 30, 2023
	Investment Level	Amortized Cost (Carrying Value)		Gross Unrealized Holding Gains (Losses)			Estimated Fair Value
Commercial bonds and paper	Level 2	$	46,369	$	(108	)	$	46,261
Money market funds	Level 1		73,479		6			73,485
U.S. Treasuries	Level 2		15,522		(146	)		15,376
Total cash equivalents and investments			135,370		(248	)		135,122
Less: cash equivalents			74,925		—			74,925
Total Investments		$	60,445	$	(248	)	$	60,197

	December 31, 2022
	Investment Level	Amortized Cost (Carrying Value)		Gross Unrealized Holding Gains (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