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Investments (Tables)
3 Months Ended
Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of Amortized Cost and Estimated Fair Value of Investments

The following table summarizes the amortized cost and estimated fair value of the Company's U.S. Treasury securities and U.S. government-sponsored enterprise securities, which are considered to be available-for-sale investments and were included in short-term investments and long-term investments on the condensed consolidated balance sheets (in thousands):

 

 

 

March 31, 2023

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

12,957

 

 

$

1

 

 

$

(6

)

 

$

12,952

 

U.S. government-sponsored enterprise securities

 

 

79,806

 

 

 

31

 

 

 

(66

)

 

 

79,771

 

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

9,706

 

 

 

14

 

 

 

 

 

 

9,720

 

U.S. government-sponsored enterprise securities

 

 

29,520

 

 

 

35

 

 

 

 

 

 

29,555

 

 

$

131,989

 

 

$

81

 

 

$

(72

)

 

$

131,998

 

 

 

 

December 31, 2022

 

 

Amortized Cost

 

 

Gross Unrealized Gains

 

 

Gross Unrealized Losses

 

 

Fair Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

$

32,174

 

 

$

3

 

 

$

(34

)

 

$

32,143

 

U.S. government-sponsored enterprise securities

 

 

66,106

 

 

 

68

 

 

 

(85

)

 

 

66,089

 

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Treasury securities

 

 

7,242

 

 

 

 

 

 

(4

)

 

 

7,238

 

U.S. government-sponsored enterprise securities

 

 

34,686

 

 

 

 

 

 

(43

)

 

 

34,643

 

 

$

140,208

 

 

$

71

 

 

$

(166

)

 

$

140,113