Quarterly report pursuant to Section 13 or 15(d)

Investments (Tables)

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Investments (Tables)
 3 Months Ended
Mar. 31, 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.
March 31, 2024
Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value
(In thousands)
Corporate bonds $ 3,195  $ —  $ (44) $ 3,151 
Total available-for-sale investments $ 3,195  $ —  $ (44) $ 3,151 
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 March 31, 2024 and December 31, 2023, respectively.
March 31, 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 3,151  (44) 6,621  (96)
Total $ 3,151  $ (44) $ 6,621  $ (96)
Remaining contractual maturities of AFS investments
All remaining contractual maturities of AFS investments held at March 31, 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 $ 3,151  $ (44) $ —  $ — 
Total $ 3,151  $ (44) $ —  $ —