Quarterly report pursuant to Section 13 or 15(d)

Marketable securities - available-for-sale debt securities

v3.21.2
Marketable securities - available-for-sale debt securities
9 Months Ended
Sep. 30, 2021
Marketable securities - available-for-sale debt securities  
Marketable securities - available-for-sale debt securities

Note 7 — Marketable securities – available-for-sale debt securities

As of September 30, 2021, 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

$

9,228

$

5

$

(1)

$

9,232

Corporate debt securities

3 months to 1 year

135,761

104

(29)

135,836

Corporate debt securities

1 year to 2 years

52,189

14

(69)

52,134

 

  

$

197,178

$

123

$

(99)

$

197,202

The aggregate fair value (in thousands) and number of securities held by the Company (including those classified as cash equivalents) in an unrealized loss position as of September 30, 2021 and 31 December, 2020 are as follows:

September 30, 2021

December 31, 2020

     

Fair market value of investments in an unrealized loss position

Number of investments in an unrealized loss position

Unrealized losses

Fair market value of investments in an unrealized loss position

Number of investments in an unrealized loss position

Unrealized losses

Marketable securities:

Corporate debt securities

 

$

85,165

 

15

$

(99)

 

$

157,985

 

30

 

$

(158)

As of September 30, 2021, 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. No securities have been in an unrealized loss position for more than one year. 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.