Marketable securities

3 Months Ended

Mar. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Marketable securities

Note 3 – Marketable securities:

			Amortized		Unrealized
	Market value		cost basis		loss, net
	(In thousands)
December 31, 2023:
Current assets	$	35,354	$	35,359	$	(5)
March 31, 2024:
Current assets	$	23,701	$	23,712	$	(11)

Our marketable securities consist of investments in debt securities, currently U.S. government treasuries. We classify our marketable securities as available-for-sale. The fair value of our marketable securities is generally determined using Level 2 inputs because although these securities are traded, in many cases the market is not active and the quarter-end valuation is generally based on the last trade of the quarter, which may be several days prior to quarter end. We accumulate unrealized gains and losses on marketable debt securities as part of accumulated other comprehensive income (loss), net of related deferred income taxes.