Investments |
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| Investments | 3. Investments As of March 31, 2026 the Company had investments of $155,555 classified as available-for-sale securities.
For the three months ended March 31, 2026 and 2025, the net unrealized losses were $696 and $7, respectively, net of taxes. Available-for-sale securities are carried at fair value on the consolidated balance sheets. The Company estimates the lifetime expected credit losses for all available-for-sale debt securities in an unrealized loss position. If our assessment indicates that an expected credit loss exists, we determine the portion of the unrealized loss attributable to credit deterioration and record a reserve for the expected credit loss in the allowance for credit losses in technology and academic services in our consolidated income statements. Based on the nature of securities there is no allowance recorded for available-for-sale debt securities.
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