Marketable Securities

6 Months Ended

Jun. 30, 2024

Investments, All Other Investments [Abstract]

Marketable Securities

Marketable Securities

Marketable securities consist primarily of highly liquid investments with original maturities of greater than 90 days when purchased. Our marketable securities are considered available-for-sale as they represent investments that are available to be sold for current operations. As such, they are included as current assets on our Consolidated Balance Sheets at fair value with unrealized gains and losses included in accumulated other comprehensive loss. Any unrealized gains and losses that are considered to be other-than-temporary are recorded in other income, net on our Consolidated Statements of Operations. Realized gains and losses on the sale of marketable securities are determined using the specific-identification method and recorded in other income, net on our Consolidated Statements of Operations.

Realized gains were $0.7 million and $1.4 million for the three and six months ended June 30, 2024, respectively. Unrealized gains were $0.1 million and $0.3 million for the three and six months ended June 30, 2024, respectively.

These unrealized gains are considered temporary and are reflected in the Consolidated Statements of Comprehensive Loss. Realized gains were $0.6 million and $1.0 million for the three and six months ended June 30, 2023, respectively. Unrealized gains were $0.1 million and $0.3 million for the three and six months ended June 30, 2023, respectively. See Note 5 for additional information.