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CASH, CASH EQUIVALENTS AND INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 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

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Cash accounts in banking institutions

 

$

86,268

 

 

$

 

 

$

 

 

$

86,268

 

Money market accounts

 

 

7,162

 

 

 

 

 

 

 

 

 

7,162

 

 

 

$

93,430

 

 

$

 

 

$

 

 

$

93,430

 

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

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

150,698

 

 

 

 

 

 

(910

)

 

 

149,788

 

U.S. Government bonds

 

 

339,472

 

 

 

32

 

 

 

(4,947

)

 

 

334,557

 

 

 

$

490,170

 

 

$

32

 

 

$

(5,857

)

 

$

484,345

 

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

 

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

 

December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

2,479

 

 

$

 

 

$

(28

)

 

$

2,451

 

U.S. Government bonds

 

 

247,464

 

 

 

52

 

 

 

(2,152

)

 

 

245,364

 

 

 

$

249,943

 

 

$

52

 

 

$

(2,180

)

 

$

247,815

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

159,692

 

 

$

10

 

 

$

(134

)

 

$

159,568

 

 

 

$

159,692

 

 

$

10

 

 

$

(134

)

 

$

159,568