Investments in Securities

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

11. Investments in Securities

The cost and fair value of marketable securities are as follows:


	December 31, 2024
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasury bills	$	55,009	$	190	$	—	$	55,199
Municipal bonds	9,631		38		(351)		9,318
Corporate/government bonds	479		33		—		512
Other bonds	478		34		—		512
	$	65,597	$	295	$	(351)	$	65,541


	December 31, 2023
(in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
U.S. Treasury bills	$	60,801	$	131	$	—	$	60,932
Municipal bonds	9,543		148		(404)		9,287
Corporate/government bonds	477		29		—		506
Other bonds	478		27		—		505
	$	71,299	$	335	$	(404)	$	71,230

The aggregated unrealized gain (loss) on available-for-sale debt securities in the amounts of $(56) and $(69) have been recognized in accumulated other comprehensive loss in the Company’s consolidated balance sheets as of December 31, 2024 and December 31, 2023, respectively.