Quarterly report pursuant to Section 13 or 15(d)

Investments

v3.24.4
Investments
 9 Months Ended
Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Investments

Note 5. Investments

Available-for-sale Investments

There were no available-for-sale (“AFS”) investments as of September 30, 2024. Investments sold during the quarter ending September 30, 2024, had a realized loss of less than $0.1 million. The following table summarizes the Company’s AFS investments as of December 30, 2023. These are classified as “Short-term investments” on the condensed consolidated balance sheets.

 

 

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

 

 

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

 

 

December 31, 2023

 

 

Fair Value

 

 

Gross
Unrealized
Loss

 

 

(In thousands)

 

Corporate bonds

 

 

 

 

 

 

Less than 12 months

 

$

—

 

 

$

—

 

12 months or longer

 

 

6,621

 

 

 

(96

)

Total

 

$

6,621

 

 

$

(96

)

 

 

There were no material realized gains or losses on AFS investments during the three and nine months ended September 30, 2023.