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CASH, CASH EQUIVALENTS AND INVESTMENTS (Tables)
6 Months Ended
Jun. 30, 2022
Cash and Cash Equivalents [Abstract]  
Schedule of Cash, Cash Equivalents

The following table provides details regarding the Company’s portfolio of cash and cash equivalents (in thousands):

 

 

 

Amortized

 

 

Unrealized

 

 

Aggregate Fair

 

Cash and Cash Equivalents Classification

 

Cost

 

 

Gains

 

 

(Losses)

 

 

Market Value

 

June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Cash accounts in banking institutions

 

$

174,235

 

 

$

 

 

$

 

 

$

174,235

 

Money market accounts

 

 

12,670

 

 

 

 

 

 

 

 

 

12,670

 

Corporate bonds

 

 

26,991

 

 

 

 

 

 

 

 

 

26,991

 

 

 

$

213,896

 

 

$

 

 

$

 

 

$

213,896

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Cash accounts in banking institutions

 

$

256,878

 

 

$

 

 

$

 

 

$

256,878

 

Money market accounts

 

 

55,115

 

 

 

 

 

 

 

 

 

55,115

 

 

 

$

311,993

 

 

$

 

 

$

 

 

$

311,993

 

Schedule of Investments

The following table provides details regarding the Company’s portfolio of short-term investments (in thousands):

 

 

 

Amortized

 

 

Unrealized

 

 

Aggregate Fair

 

Short-term Investments Classification

 

Cost

 

 

Gains

 

 

(Losses)

 

 

Market Value

 

June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

257,133

 

 

$

 

 

$

(791

)

 

$

256,342

 

U.S. Government bonds

 

 

184,307

 

 

 

8

 

 

 

(1,208

)

 

 

183,107

 

 

 

$

441,440

 

 

$

8

 

 

$

(1,999

)

 

$

439,449

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

$

240

 

 

$

 

 

$

 

 

$

240

 

Corporate bonds

 

 

226,448

 

 

 

3

 

 

 

(97

)

 

 

226,354

 

U.S. Government bonds

 

 

124,611

 

 

 

 

 

 

(11

)

 

 

124,600

 

 

 

$

351,299

 

 

$

3

 

 

$

(108

)

 

$

351,194

 

 

Long-term Corporate Bonds and U.S. Government Bonds Investments

The following table provides details regarding the Company’s portfolio of long-term investments (in thousands):

 

 

 

Amortized

 

 

Unrealized

 

 

Aggregate Fair

 

Long-term Investments Classification

 

Cost

 

 

Gains

 

 

(Losses)

 

 

Market Value

 

June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

1,768

 

 

$

 

 

$

(204

)

 

$

1,564

 

U.S. Government bonds

 

 

184,698

 

 

 

7

 

 

 

(5,135

)

 

 

179,570

 

 

 

$

186,466

 

 

$

7

 

 

$

(5,339

)

 

$

181,134

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

159,692

 

 

$

10

 

 

$

(134

)

 

$

159,568

 

 

 

$

159,692

 

 

$

10

 

 

$

(134

)

 

$

159,568