Marketable Securities

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Note 3 – Marketable Securities:

			Amortized		Unrealized
	Market value		cost basis		loss, net
	(In thousands)
December 31, 2022:
Current assets	$	33,147	$	33,164	$	(17)
March 31, 2023:
Current assets	$	42,963	$	43,023	$	(60)

Our marketable securities are invested in U.S. government treasuries with original maturities ranging in length from 4 months to 12 months. The fair value of our marketable securities are determined using Level 2 inputs (because although these securities are traded, in many cases the market is not active and the period-end valuation is generally based on the last trade of the period, which may be several days prior to the end of the period).