Available-for-sale debt securities |
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Available-for-sale debt securities |
Note 9 — Available-for-sale debt securities As of September 30, 2019, the Company has the following investments in available-for-sale debt securities (in thousands):
Maturity information above is categorized by the period remaining after the reporting period until the maturity date. As of September 30, 2019 and December 31, 2018, the aggregate fair value of securities held by the Company in an unrealized loss position was $7.2 million and $117.2 million respectively, which consisted of 3 and 37 separate securities, respectively. No securities have been in an unrealized loss position for more than one year. As of September 30, 2019, the securities in an unrealized loss position are not considered to be other than temporarily impaired because the impairments are not severe, have been for a short duration and are due to normal market fluctuations. Furthermore, the Company does not intend to sell the debt securities in an unrealized loss position, and it is unlikely that the Company will be required to sell these securities before the recovery of the amortized cost. |