Investments Available for Sale (Tables)

9 Months Ended

Sep. 30, 2022

Investments Debt And Equity Securities [Abstract]

Summary of Investments Available for Sale and Related Fair Value Measurement

In the three months ended September 30, 2022, the Company started to invest its cash in slightly higher yielding securities. Investments AFS and the related fair value measurement consisted of the following (dollars in thousands):

	September 30, 2022
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
Level 2 Fair Value Measurements:
Commercial paper	$	35,093	$	1	$	(75	)	$	35,019
Certificates of deposit		14,404		1		(66	)		14,339
U.S. Treasury and agency securities		4,188		—		(1	)		4,187
Corporate debt securities		41,898		5		(297	)		41,606
Accrued interest receivable		300		—		—			300
Total investments AFS	$	95,883	$	7	$	(439	)	$	95,451

Summary of Fair Value of Investments Available for Sale by Contractual Maturity

The following table shows the fair value of investments AFS by contractual maturity (dollars in thousands):

	As of September 30, 2022
	Within one year		After one year through five years		Total
Commercial paper	$	35,019	$	—	$	35,019
Certificates of deposit		14,339		—		14,339
U.S. Treasury and agency securities		4,187		—		4,187
Corporate debt securities		28,246		13,360		41,606
Accrued interest receivable		300		—		300
Total investments AFS	$	82,091	$	13,360	$	95,451