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Cash and Marketable Securities
12 Months Ended
Dec. 31, 2022
Cash and Cash Equivalents [Abstract]  
Cash and Marketable Securities CASH AND MARKETABLE SECURITIES
Cash, Cash Equivalents and Restricted Cash
A reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the amount reported within the consolidated statements of cash flows is shown in the table below (in thousands):
December 31, 2022December 31, 2021December 31, 2020
Cash and cash equivalents$89,921 $348,485 $134,669 
Restricted cash522 211 270 
Total cash, cash equivalents, and restricted cash at the end of the period$90,443 $348,696 $134,939 
Marketable Securities
All short-term marketable securities were considered held-to-maturity at December 31, 2022. At December 31, 2022, some of the Company’s short-term marketable securities were in an unrealized loss position. The Company determined that it had the positive intent and ability to hold until maturity all short-term marketable securities that have been in a continuous loss position, thus there was no recognition of any other-than-temporary impairment at December 31, 2022. All short-term marketable securities with unrealized losses as of the balance sheet date have been in a loss position for less than twelve months. Contractual maturities of the short-term marketable securities were within one year or less at December 31, 2022.
The long-term marketable equity securities were recorded in the consolidated balance sheets at fair market value with changes in the fair value recognized in earnings at December 31, 2022. The long-term marketable debt securities were considered available-for-sale. The contractual maturity of the long-term marketable debt securities are less than three years. During 2022, the Company wrote off $0.5 million of long-term marketable debt securities.
The amortized cost, gross unrealized holding losses, and fair value of the Company’s marketable securities by major security type at each balance sheet date are summarized in the table below (in thousands):
December 31, 2022
Amortized CostUnrealized Holding Gains (Losses)Fair Value
Short-term marketable securities:
U.S. agency securities$79,347 $452 $79,799 
Corporate debt securities123,821 (220)123,601 
Total short-term marketable securities203,168 232 203,400 
Long-term marketable securities:
Corporate equity securities5,000 (2,924)2,076 
Total long-term marketable securities5,000 (2,924)2,076 
Total $208,168 $(2,692)$205,476 

December 31, 2021
Amortized CostUnrealized Holding LossesFair Value
Long-term marketable securities:
Corporate equity securities$5,000 $(1,743)$3,257 
Corporate debt securities500 — 500 
Total long-term marketable securities$5,500 $(1,743)$3,757 
Contractual maturities of the marketable securities at each balance sheet date are as follows (in thousands):
December 31, 2022
Within one year$203,168 
After one year through five years— 
Total$203,168