Cash Equivalents and Investments

9 Months Ended

Sep. 30, 2020

Investments, Debt and Equity Securities [Abstract]

Cash Equivalents and Investments

3. Cash Equivalents and Investments:

As of September 30, 2020 and December 31, 2019, the Company’s cash equivalents consisted entirely of money market funds totaling $2.4 million and $16.8 million, respectively. Investments consisted of corporate securities, municipal debt securities, federal home loan securities and certificates of deposit. All investments are classified as current.

Investments held at September 30, 2020 and December 31, 2019 are summarized as follows (in thousands):

	September 30, 2020		December 31, 2019
Corporate securities	$	56,680	$	32,962
Municipal debt securities		13,523		29,066
Federal home loan securities		6,529		8,013
Certificates of deposit		4,842		4,469
	$	81,574	$	74,510