Marketable Investments (Tables)

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Summary of Company's marketable investments

The following table summarizes the Company’s marketable investments (in thousands):

	As of March 31, 2023
			Gross		Gross
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Corporate obligations	$	14,925	$	3	$	(158	)	$	14,770
Federal agency obligations		1,999		—		(10	)		1,989
Total	$	16,924	$	3	$	(168	)	$	16,759

	As of December 31, 2022
			Gross		Gross
	Amortized		Unrealized		Unrealized			Market
	Cost		Gains		Losses			Value
Corporate obligations	$	17,900	$	8	$	(205	)	$	17,703
Federal agency obligations		1,999		—		(14	)		1,985
Total	$	19,899	$	8	$	(219	)	$	19,688

Summarizes the maturity periods of the marketable investments

The following table summarizes the maturity periods of the marketable investments in the Company’s portfolio as of March 31, 2023 (in thousands).

	FY 2023		FY 2024		FY 2025		Total
Corporate obligations	$	9,018	$	3,846	$	1,906	$	14,770
Federal agency obligations		—		1,989		—	$	1,989
Total	$	9,018	$	5,835	$	1,906	$	16,759

Unrealized Losses on Debt Investments

The following table shows the gross unrealized losses and market value of the Company’s available-for-sale securities with unrealized losses that are not deemed to be other-than-temporary, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position (in thousands):

	As of March 31, 2023
	Less Than 12 Months				12 Months or Greater
	Market		Unrealized		Market		Unrealized
	Value		Losses		Value		Losses
Corporate obligations	$	10,328	$	94	$	3,450	$	64
Federal agency obligations		1,989		10		—		—
Total	$	12,317	$	104	$	3,450	$	64

	As of December 31, 2022
	Less Than 12 Months				12 Months or Greater
	Market		Unrealized		Market		Unrealized
	Value		Losses		Value		Losses
Corporate obligations	$	9,619	$	139	$	8,084	$	66
Federal agency obligations		1,985		14		—		—
Total	$	11,604	$	153	$	8,084	$	66