Quarterly report pursuant to Section 13 or 15(d)

Investments

v3.21.2
Investments
6 Months Ended
Jun. 30, 2021
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
As of June 30, 2021 and December 31, 2020, the Company had $197.2 million and $5.0 million and $126.0 million and $24.4 million of short and long-term investments, respectively, mainly consisting of commercial paper and bonds as summarized below. As of June 30, 2021, the Company classifies its investments as debt securities of which $48.5 million are held to maturity which are carried at amortized cost and approximate fair market value. As of June 30, 2021, $153.6 million are available-for-sale which are carried at fair market value. As of December 31, 2020, $150.4 million were classified as held to maturity and $nil were available-for-sale.
(in thousands) June 30, 2021 December 31, 2020
Cashable Guaranteed Investment Certificate $ 2,502  $ 2,000 
Corporate Bond 35,048  40,372 
Commercial Paper 152,923  67,747 
Treasury Bill 3,910  7,999 
Treasury Bond   5,045 
Yankee Bond 2,793  2,816 
Total short-term investments 197,176  125,979 
Corporate Bonds - total long-term investments 5,004  24,380 
Total investments $ 202,180  $ 150,359 
Currently, the Company does not intend to sell investments that are classified as held-to-maturity and has the ability and intent to hold these investments until maturity in order to collect interest payments over the life of the investments. As of June 30, 2021 and December 31, 2020, accrued interest receivable from the investments were $0.3 million and $0.5 million, respectively. During the three and six months ended June 30, 2021, the Company had $7 thousand and $13 thousand unrealized gains on available-for-sale securities, net of tax, which are included as a component of comprehensive loss, respectively. The Company's investments as of June 30, 2021 mature at various dates through August 2022.