Quarterly report pursuant to Section 13 or 15(d)

Investments (Tables)

v3.24.2.u1
Investments (Tables)
6 Months Ended
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Summary of Available-for-Sale Investments

The following table summarizes the Company’s available-for-sale (“AFS”) investments. These are classified as “Short-term investments” on the condensed consolidated balance sheets.

 

 

June 30, 2024

 

 

Amortized Cost

 

 

Gross
Unrealized
Gain

 

 

Gross
Unrealized
Loss

 

 

Fair Value

 

 

(In thousands)

 

Corporate bonds

 

$

701

 

 

$

 

 

$

(2

)

 

$

699

 

Total available-for-sale investments

 

$

701

 

 

$

 

 

$

(2

)

 

$

699

 

 

 

December 31, 2023

 

 

Amortized Cost

 

 

Gross
Unrealized
Gain

 

 

Gross
Unrealized
Loss

 

 

Fair Value

 

 

(In thousands)

 

Corporate bonds

 

$

6,717

 

 

$

 

 

$

(96

)

 

$

6,621

 

Total available-for-sale investments

 

$

6,717

 

 

$

 

 

$

(96

)

 

$

6,621

 

Breakdown of Available-for-sale, Unrealized Loss Position, Fair Value

The following table presents the breakdown of the AFS investments in an unrealized loss position as of June 30, 2024 and December 31, 2023, respectively.

 

 

June 30, 2024

 

 

December 31, 2023

 

 

Fair Value

 

 

Gross
Unrealized
Loss

 

 

Fair Value

 

 

Gross
Unrealized
Loss

 

 

(In thousands)

 

Corporate bonds

 

 

 

 

 

 

 

 

 

 

 

 

Less than 12 months

 

$

 

 

$

 

 

$

 

 

$

 

12 months or longer

 

 

699

 

 

 

(2

)

 

 

6,621

 

 

 

(96

)

Total

 

$

699

 

 

$

(2

)

 

$

6,621

 

 

$

(96

)

Remaining contractual maturities of AFS investments

All remaining contractual maturities of AFS investments held at June 30, 2024 are as follows:

 

 

Less than 12 months

 

 

Greater than 12 months

 

 

Fair value

 

 

Gross
unrealized
losses

 

 

Fair value

 

 

Gross
unrealized
losses

 

 

(In thousands)

 

Corporate bonds

 

$

699

 

 

$

(2

)

 

$

 

 

$

 

Total

 

$

699

 

 

$

(2

)

 

$

 

 

$