Investments (Tables)
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3 Months Ended |
Mar. 31, 2022 |
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| Investments, Debt and Equity Securities [Abstract] |
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| Schedule of Amortized Cost, Gross Unrealized Gains/Losses In Accumulated Other Comprehensive Loss And Fair Value Of Marketable Debt Securities, Available-For-Sale |
Amortized cost, gross unrealized gains/losses in accumulated other comprehensive loss and fair value of marketable debt securities, available-for-sale, by type of security as of March 31, 2022 and December 31, 2021 consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2022 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | Short-term investments: | | | | | | | | | Corporate debt security | $ | 62,153 | | | $ | — | | | $ | (338) | | | $ | 61,815 | | | U.S. treasuries | 4,966 | | | — | | | (48) | | | 4,918 | | | Asset-backed security and other | 4,868 | | | — | | | (47) | | | 4,821 | | | Non-U.S. government and supranational bonds | 16,375 | | | — | | | (109) | | | 16,266 | | | Certificate of deposit | 2,003 | | | — | | | — | | | 2,003 | | | $ | 90,365 | | | $ | — | | | $ | (542) | | | $ | 89,823 | | | Long-term investments: | | | | | | | | | Corporate debt security | $ | 24,997 | | | $ | — | | | $ | (591) | | | $ | 24,406 | | | U.S. treasuries | 650 | | | — | | | (9) | | | 641 | | | Asset-backed security and other | 3,081 | | | — | | | (65) | | | 3,016 | | | | | | | | | | | | | | | | | | | $ | 28,728 | | | $ | — | | | $ | (665) | | | $ | 28,063 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | Short-term investments: | | | | | | | | | Corporate debt security | $ | 71,406 | | | $ | — | | | $ | (57) | | | $ | 71,349 | | | U.S. treasuries | 3,415 | | | — | | | (7) | | | 3,408 | | | Asset-backed security and other | 2,555 | | | — | | | (4) | | | 2,551 | | | Non-U.S. government and supranational bonds | 16,405 | | | 1 | | | (19) | | | 16,387 | | | Certificate of deposit | 1,001 | | | — | | | — | | | 1,001 | | | $ | 94,782 | | | $ | 1 | | | $ | (87) | | | $ | 94,696 | | | Long-term investments: | | | | | | | | | Corporate debt security | $ | 42,703 | | | $ | — | | | $ | (246) | | | $ | 42,457 | | | U.S. treasuries | 2,201 | | | — | | | (5) | | | 2,196 | | | Asset-backed security and other | 5,438 | | | — | | | (28) | | | 5,410 | | | Non-U.S. government and supranational bonds | 3,769 | | | — | | | (16) | | | 3,753 | | | Certificate of deposit | 1,000 | | | — | | | — | | | 1,000 | | | $ | 55,111 | | | $ | — | | | $ | (295) | | | $ | 54,816 | |
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| Schedule of Marketable Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value |
The Company’s investments in marketable debt securities, available-for-sale that have been in a continuous unrealized loss position by type of security as of March 31, 2022 and December 31, 2021 consisted of the following (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2022 | | Less than 12 months | | 12 months or greater | | Total | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | Corporate debt security | $ | 86,221 | | | $ | (929) | | | $ | — | | | $ | — | | | $ | 86,221 | | | $ | (929) | | | US treasuries | 5,559 | | | (57) | | | — | | | — | | | 5,559 | | | (57) | | | Asset-backed security and other | 7,837 | | | (112) | | | — | | | — | | | 7,837 | | | (112) | | | Non-U.S. government and supranational bonds | 16,266 | | | (109) | | | — | | | — | | | 16,266 | | | (109) | | | Certificates of deposit | 2,003 | | | — | | | — | | | — | | | 2,003 | | | — | | | $ | 117,886 | | | $ | (1,207) | | | $ | — | | | $ | — | | | $ | 117,886 | | | $ | (1,207) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | Less than 12 months | | 12 months or greater | | Total | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | Fair Value | | Gross Unrealized Losses | | Corporate debt security | $ | 113,806 | | | $ | (303) | | | $ | — | | | $ | — | | | $ | 113,806 | | | $ | (303) | | | US treasuries | 5,604 | | | (12) | | | — | | | — | | | 5,604 | | | (12) | | | Asset-backed security and other | 7,961 | | | (32) | | | — | | | — | | | 7,961 | | | (32) | | | Non-U.S. government and supranational bonds | 20,140 | | | (34) | | | — | | | — | | | 20,140 | | | (34) | | | Certificates of deposit | 2,001 | | | — | | | — | | | — | | | 2,001 | | | — | | | $ | 149,512 | | | $ | (381) | | | $ | — | | | $ | — | | | $ | 149,512 | | | $ | (381) | |
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| Schedule of Realized Gain (Loss) |
Gross realized gains and gross realized losses from the sales of the Company’s marketable debt securities, available-for-sale for the three months ended March 31, 2022 and 2021 consisted of the following (in thousands): | | | | | | | | | | | | | Three Months Ended | | March 31, 2022 | | March 31, 2021 | | Gross realized gains | $ | — | | | $ | — | | | Gross realized losses | $ | (6) | | | $ | — | |
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| Schedule of Amortized Cost And Fair Value Of Marketable Debt Securities, Available-For-Sale By Contractual Maturity |
Amortized cost and fair value of marketable debt securities, available-for-sale by contractual maturity as of March 31, 2022 consisted of the following (in thousands, except weighted average data):
| | | | | | | | | | | | | Amortized Cost | | Fair Value | | Due in one year or less | $ | 90,364 | | | $ | 89,822 | | | Due after one year through five years | 28,729 | | | 28,064 | | | $ | 119,093 | | | $ | 117,886 | | | Weighted average contractual maturity | | | 0.7 years |
Amortized cost and fair value of marketable debt securities, available-for-sale by contractual maturity as of December 31, 2021 consisted of the following (in thousands, except weighted average data): | | | | | | | | | | | | | Amortized Cost | | Fair Value | | Due in one year or less | $ | 94,782 | | | $ | 94,696 | | | Due after one year through five years | 55,111 | | | 54,816 | | | $ | 149,893 | | | $ | 149,512 | | | Weighted average contractual maturity | | | 0.8 years |
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