|6 Months Ended|
Jun. 30, 2023
|Investments, Debt and Equity Securities [Abstract]|
4. Marketable Securities
All marketable securities were considered available-for-sale as of June 30, 2023 and December 31, 2022. The amortized cost, gross unrealized holding gains or losses, and fair value of the Company’s marketable securities by major security type are summarized in the tables below (in thousands):
The amortized cost of available-for-sale securities is adjusted for amortization of premiums and accretion of discounts to maturity. As of June 30, 2023, the aggregate fair value of securities with remaining maturities of less than one year held by the Company in an unrealized loss position was $118.2 million. As of June 30, 2023, the Company did not hold any securities with remaining maturities of more than one year in an unrealized loss position. The Company has the intent and ability to hold such securities until recovery and has determined that there has been no material change to its credit risk. As a result, the Company determined it did not hold any investments with a credit loss at June 30, 2023.
There were no realized gains or losses recognized on the sale or maturity of available-for-sale securities during the three and six months ended June 30, 2023, and as a result, there were no reclassifications out of accumulated other comprehensive gain (loss) for the same periods.
The entire disclosure for investments in certain debt and equity securities.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef