Investments

12 Months Ended

Dec. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Investments

INVESTMENTS

Investments as of December 31, 2023 consisted of the following:

	Cost Basis		Unrealized Losses		Fair Value
Corporate bonds	$	38,514	$	(481)	$	38,033
Government and agency obligations	12,998		(287)		12,711
Asset-backed securities	2,263		(32)		2,231
Total	$	53,775	$	(800)	$	52,975

Investments as of December 31, 2022 consisted of the following:

	Cost Basis		Unrealized Losses		Fair Value
Corporate bonds	$	69,832	$	(2,234)	$	67,598
Government and agency obligations	33,971		(1,334)		32,637
Commercial paper	11,935		—		11,935
Asset-backed securities	2,483		(130)		2,353
Total	$	118,221	$	(3,698)	$	114,523

The gross realized gains or losses from sales of available-for-sale investments were not material in the years ended December 31, 2023, 2022 and 2021.

The cost and fair value of investments in debt securities, by contractual maturity, as of December 31, 2023 were as follows:

	Available-for-sale
	Amortized Cost		Fair Value
Due in 1 year or less	$	51,512	$	50,744
Instruments not due at a single maturity date	2,263		2,231
Total	$	53,775	$	52,975

Instruments not due at a single maturity date consist of asset-backed securities. Actual maturities may differ from the contractual maturities due to call or prepayment rights.