Knight-Swift Transportation Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Investments
Note 5 — Investments
The following table presents the cost or amortized cost, gross unrealized gains and temporary losses, and estimated fair value of the Company's restricted investments:
| December 31, 2023 | ||||
|---|---|---|---|---|
| Gross Unrealized | ||||
| Cost or Amortized Cost | Gains | TemporaryLosses | Estimated Fair Value | |
| (In thousands) | ||||
| US corporate securities | $530 | $— | $(1) | $529 |
| Restricted investments, held-to-maturity | $530 | $— | $(1) | $529 |
| December 31, 2022 | ||||
|---|---|---|---|---|
| Gross Unrealized | ||||
| Cost or Amortized Cost | Gains | TemporaryLosses | Estimated Fair Value | |
| (In thousands) | ||||
| US corporate securities | $5,978 | $— | $(44) | $5,934 |
| Government bonds | 1,197 | — | (1) | 1,196 |
| Restricted investments, held-to-maturity | $7,175 | $— | $(45) | $7,130 |
As of December 31, 2023, the contractual maturities of the restricted investments wereone year or less. There wereone andfourteen securities that were in an unrealized loss position, all for less than twelve months as of December 31, 2023 and 2022, respectively. The Company didnot recognize any impairment losses related to restricted investments during 2023, 2022, or 2021.
Refer to Note 2 for the related accounting policy and Note 23 for additional information regarding fair value measurements of restricted investments.
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