Available-for-Sale-Securities

12 Months Ended

Dec. 31, 2023

Investments, Debt and Equity Securities [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 the Company's Consolidated Balance Sheets (in thousands):

	December 31, 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	$	37,791	$	3	$	(8)	$	37,786	$	44,308	$	—	$	(17)	$	44,291
Commercial Paper	1,981		—		—		1,981		7,953		—		—		7,953
Money market funds	4,268		—		—		4,268		4,871		—		—		4,871
Municipal debt securities	622		—		—		622		7,626		—		(1)		7,625
Total	$	44,662	$	3	$	(8)	$	44,657	$	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 debt securities on the Company's Consolidated Balance Sheets (in thousands):

	December 31, 2023		December 31, 2022
Cash and cash equivalents	$	16,715	$	27,668
Marketable securities	27,942		37,072
Total	$	44,657	$	64,740

The following table summarizes the Company's portfolio of available-for-sale securities by contractual maturity (in thousands):

	December 31, 2023				December 31, 2022
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Less than one year	$	44,662	$	44,657	$	64,758	$	64,740
Greater than one year	—		—		—		—
Total	$	44,662	$	44,657	$	64,758	$	64,740