Available-for-Sale-Securities

6 Months Ended

Jun. 30, 2023

Debt Securities, Available-for-Sale [Abstract]

Available-for-Sale-Securities

Available-for-Sale-Securities

The following table is a summary of available-for-sale securities recorded in cash and cash equivalents or marketable securities in our Consolidated Balance Sheets (in thousands):

	June 30, 2023								December 31, 2022
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Corporate debt securities	$	22,135	$	2	$	(14)	$	22,123	$	44,308	$	—	$	(17)	$	44,291
Commercial paper	10,640		—		—		10,640		7,953		—		—		7,953
Money market funds	8,309		—		—		8,309		4,871		—		—		4,871
Agency bonds	4,833		—		(3)		4,830		—		—		—		—
Treasury bills	6,908		—		(1)		6,907		—		—		—		—
Municipal debt securities	605		—		—		605		7,626		—		(1)		7,625
Total	$	53,430	$	2	$	(18)	$	53,414	$	64,758	$	—	$	(18)	$	64,740

Estimated fair values of available-for-sale securities are generally based on prices obtained from commercial pricing services. The following table summarizes the classification of the available-for-sale securities in our Consolidated Balance Sheets (in thousands):

	June 30, 2023		December 31, 2022
Cash equivalents	$	19,478	$	27,668
Marketable securities	33,936		37,072
Total	$	53,414	$	64,740

The following table summarizes our portfolio of available-for-sale securities by contractual maturity (in thousands):

	June 30, 2023
	Amortized Cost		Estimated Fair Value
Less than one year	$	53,430	$	53,414
Greater than one year	—		—
Total	$	53,430	$	53,414