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Short-Term Investments (Tables)
6 Months Ended
Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of Amortized Cost and Estimated Fair Value of Marketable Securities

The following tables summarize the amortized cost and estimated fair value of the Company’s U.S. government treasury securities and marketable securities, which are considered to be available-for-sale investments and are included in short-term investments on the condensed consolidated balance sheets:

 

 

 

June 30, 2023

 

(in thousands)

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

U.S. government treasury securities

 

$

42,172

 

 

$

 

 

$

(70

)

 

$

42,102

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and agency bonds

 

 

7,500

 

 

 

 

 

 

(20

)

 

 

7,480

 

Totals

 

$

49,672

 

 

$

 

 

$

(90

)

 

$

49,582

 

 

 

 

December 31, 2022

 

(in thousands)

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

U.S. government treasury securities

 

$

99,288

 

 

$

1

 

 

$

(253

)

 

$

99,036

 

Marketable securities:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and agency bonds

 

 

28,748

 

 

 

3

 

 

 

(84

)

 

$

28,667

 

Totals

 

$

128,036

 

 

$

4

 

 

$

(337

)

 

$

127,703