Annual report pursuant to Section 13 and 15(d)

Investments

v3.22.1
Investments
 12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
Available-for-sale Investments

The following table summarizes our available-for-sale investments as of December 31, 2021. These are classified as "Short-term investments" on the consolidated balance sheets. There were no AFS investments as of December 31, 2020.

 December 31, 2021
Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value
(In thousands)
U.S. Treasury securities $ 8,154  $ —  $ (13) $ 8,141 
Corporate bonds 7,343  1  (2) 7,342 
Total available-for-sale investments $ 15,497  $ 1  $ (15) $ 15,483 

The following table presents the breakdown of the available-for-sale investments in an unrealized loss position as of December 31, 2021.

December 31, 2021
Fair Value Gross Unrealized Loss
(In thousands)
U.S. Treasury securities
Less than 12 months $ 8,141  $ 13 
Total $ 8,141  $ 13 
Corporate bonds
Less than 12 months $ 5,640  $ 2 
Total $ 5,640  $ 2 


The Company does not believe these investments to be other-than-temporarily impaired as of December 31, 2021.

All remaining contractual maturities of AFS investments held at December 31, 2021 are greater than one year. Actual maturities may differ from the contractual maturities because the Company may sell these securities prematurely.