v3.26.1
Available-for-Sale Debt Securities
 3 Months Ended
Mar. 31, 2026
Available-for-Sale Debt Securities [Abstract]  
Available-For-Sale Debt Securities

Note 6. Available-For-Sale Debt Securities

 

The following table summarizes available-for sale debt securities held by the Company as of March 31, 2026:

 

   Remaining       Gross   Gross     
   Contractual   Amortized   Unrealized   Unrealized     
   Maturity   Cost   Gains   Losses   Fair Value 
U.S. Treasuries   < 1 year   $385,053   $52   $(264)  $384,841 
    1 - 3 years    180,702    
-
    (719)   179,983 
    3 - 5 years    
-
    
-
    
-
    - 
Corporate debt securities   < 1 year    338,101    17    (804)   337,314 
    1 - 3 years    234,190    2    (1,166)   233,026 
    3 - 5 years    
-
    
-
    
-
    - 
Certificates of Deposits   < 1 year    4,748    
-
    (2)   4,746 
    1 - 3 years    250    
-
    
-
    250 
    3 - 5 years    
-
    
-
    
-
    - 
U.S. Agency Securities   < 1 year    1,499    
-
    
-
    1,499 
    1 - 3 years    
-
    
-
    
-
    - 
    3 - 5 years    
-
    
-
    
-
    - 
Asset Backed Securities   < 1 year    
-
    
-
    
-
    - 
    1 - 3 years    6,572    
-
    (24)   6,548 
    3 - 5 years    3,021    
-
    (9)   3,012 
Total available-for-sale debt securities       $1,154,136   $71   $(2,988)  $1,151,219 

 

The Company may from time to time sell its available-for-sale debt securities. There were $16 thousand in realized gains or on sales of available-for-sale debt securities for the three months ended March 31, 2026. The realized gains on available-for-sale debt securities related to investments purchased during the three months ended March 31, 2026. Therefore, there were no amounts reclassified out of accumulated other comprehensive loss, net of tax during the three months ended March 31, 2026. The Company’s investment portfolio includes callable securities that may be called prior to maturity.

 

The aggregated net unrealized loss on available-for-sale debt securities in the amount of $2.9 million has been recorded in accumulated other comprehensive loss in the Company’s consolidated balance sheet as of March 31, 2026.