Quarterly report pursuant to Section 13 or 15(d)

Marketable securities - available-for-sale debt securities

v3.20.2
Marketable securities - available-for-sale debt securities
9 Months Ended
Sep. 30, 2020
Marketable securities - available-for-sale debt securities  
Marketable securities - available-for-sale debt securities

Note 6 — Marketable securities – available-for-sale debt securities

As of September 30, 2020, the Company has the following investments in marketable securities (in thousands):

Gross

Gross

Aggregate

Remaining

Amortized

Unrealized

Unrealized

Estimated

    

Contractual Maturity

    

Cost

    

Gains

    

Losses

    

Fair Value

Available-for-sale debt securities:

 

  

 

  

 

  

 

  

 

  

Corporate debt securities

 

Less than 3 months

$

14,272

$

16

$

(4)

$

14,284

Corporate debt securities

3 months to 1 year

164,830

336

(40)

165,126

Agency bonds

1 year to 2 years

5,996

9

6,005

Corporate debt securities

1 year to 2 years

136,058

107

(138)

136,027

 

  

$

321,156

$

468

$

(182)

$

321,442

As of September 30, 2020 and December 31, 2019, the aggregate fair value of securities held by the Company in an unrealized loss position was $135.0 million and $2.0 million respectively, which consisted of 23 and 1 separate securities, respectively. No securities have been in an unrealized loss position for more than one year.

As of September 30, 2020, the securities in an unrealized loss position are not considered to be other than temporarily impaired because the impairments are not severe and have been for a short duration. The Company does not intend to sell the debt securities in an unrealized loss position and believes that it has the ability to hold the debt securities to maturity.