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Marketable Securities (Tables)
6 Months Ended
Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Summary of available-for-sale securities The following is a summary of available-for-sale securities at:
($ in thousands)
 
June 30, 2020
 
December 31, 2019
Marketable Securities:
Fair Value
Hierarchy
Cost
 
Fair Value
 
Cost
 
Fair Value
Certificates of deposit
 
 
 
 
 
 
 
 
with unrealized losses for less than 12 months
 
$
—

 
$
—

 
$
251

 
$
250

with unrealized losses for more than 12 months
 
—

 
—

 
—

 
—

with unrealized gains
 
1,799

 
1,815

 
1,799

 
1,806

Total Certificates of deposit
Level 1
1,799

 
1,815

 
2,050

 
2,056

U.S. Treasury and agency notes
 
 
 
 
 
 
 
 
with unrealized losses for less than 12 months
 
—

 
—

 
6,485

 
6,479

with unrealized losses for more than 12 months
 
—

 
—

 
—

 
—

with unrealized gains
 
14,630

 
14,688

 
14,413

 
14,434

Total U.S. Treasury and agency notes
Level 2
14,630

 
14,688

 
20,898

 
20,913

Corporate notes
 
 
 
 
 
 
 
 
with unrealized losses for less than 12 months
 
1,583

 
1,582

 
1,004

 
1,002

with unrealized losses for more than 12 months
 
—

 
—

 
—

 
—

with unrealized gains
 
7,202

 
7,233

 
13,082

 
13,106

Total Corporate notes
Level 2
8,785

 
8,815

 
14,086

 
14,108

Municipal notes
 
 
 
 
 
 
 
 
with unrealized losses for less than 12 months
 
—

 
—

 
—

 
—

with unrealized losses for more than 12 months
 
—

 
—

 
—

 
—

with unrealized gains
 
2,000

 
2,005

 
1,999

 
2,007

Total Municipal notes
Level 2
2,000

 
2,005

 
1,999

 
2,007

 
 
$
27,214

 
$
27,323

 
$
39,033

 
$
39,084


Summary of maturities, at par, of marketable securities by year
The following tables summarize the maturities, at par, of marketable securities as of:
 
June 30, 2020
($ in thousands)
2020
 
2021
 
Total
Certificates of deposit
$
1,799

 
$
—

 
$
1,799

U.S. Treasury and agency notes
13,821

 
802

 
14,623

Corporate notes
6,800

 
1,950

 
8,750

Municipal notes
2,000

 
—

 
2,000

 
$
24,420

 
$
2,752

 
$
27,172

 
 
December 31, 2019
($ in thousands)
2020
 
2021
 
Total
Certificates of deposit
$
2,049

 
$
—

 
$
2,049

U.S. Treasury and agency notes
20,393

 
502

 
20,895

Corporate notes
13,685

 
400

 
14,085

Municipal notes
2,000

 
—

 
2,000

 
$
38,127

 
$
902

 
$
39,029