Investments and Cash and Cash Equivalents |
6 Months Ended |
---|---|
Jun. 30, 2022 | |
Investments [Abstract] | |
INVESTMENTS AND CASH AND CASH EQUIVALENTS | INVESTMENTS AND CASH AND CASH EQUIVALENTS Cash and cash equivalents include highly liquid instruments with insignificant interest rate risk and original or remaining maturities of three months or less at the time of purchase. These instruments amounted to approximately $34.1 million and $258.1 million as of June 30, 2022 and December 31, 2021, respectively. See Note 9, Fair Value Measurements, for additional information. All other investments are classified as held-to-maturity and consist of highly liquid instruments, including commercial paper and treasury bills. As of June 30, 2022, the amortized cost of these investments equaled the net carrying value, which was approximately $94.9 million. All held-to-maturity securities as of June 30, 2022 mature in one year or less. We held no such investments as of December 31, 2021. See Note 9, Fair Value Measurements, for additional information.
|