Annual report pursuant to Section 13 and 15(d)

Investments

v3.24.1
Investments
 12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
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 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 

December 31, 2022
Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value
(In thousands)
U.S. Treasury securities $ 25,124  $ —  $ (423) $ 24,701 
Corporate bonds 23,927  —  (414) 23,513 
Total available-for-sale investments $ 49,051  $ —  $ (837) $ 48,214 
The following table presents the breakdown of the AFS investments in an unrealized loss position as of December 31, 2023 and December 31, 2022, respectively.
December 31, 2023 December 31, 2022
Fair Value Gross Unrealized Loss Fair Value Gross Unrealized Loss
(In thousands)
U.S. Treasury securities
Less than 12 months $ —  $ —  $ 16,702  $ (365)
12 months or longer $ —  $ —  $ 7,999  $ (58)
Total $ —  $ —  $ 24,701  $ (423)
Corporate bonds
Less than 12 months $ —  $ —  $ 18,951  $ (387)
12 months or longer $ 6,621  $ (96) $ 1,478  $ (27)
Total $ 6,621  $ (96) $ 20,429  $ (414)
The Company does not believe these AFS investments to be other-than-temporarily impaired as of December 31, 2023 and December 31, 2022.
There were no material realized gains or losses on AFS investments for the years ended December 31, 2023 and December 31, 2022.
All remaining contractual maturities of AFS investments held at December 31, 2023 are as follows:
Less than 12 months Greater than 12 months
Fair Value Gross Unrealized Loss Fair Value Gross Unrealized Loss
(In thousands)
Corporate bonds $ 6,621  $ (96) $ —  $ — 
Total $ 6,621  $ (96) $ —  $ —