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Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2023
Investments, All Other Investments [Abstract]  
Cash and Cash Equivalents
The following tables summarize our cash and cash equivalents, and marketable securities on our Consolidated Balance Sheets as of June 30, 2023 and December 31, 2022 (in thousands):
Reported as:
June 30, 2023Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair ValueCash and Cash EquivalentsMarketable securities, short-termMarketable securities, long-term
Cash$759,407 $— $— $759,407 $759,407 $— $— 
Money market funds192,549 — — 192,549 192,549 — — 
Corporate bonds59,703 — (1,740)57,963 — 39,145 18,818 
U.S. government treasury bonds
14,054 — (325)13,729 — 9,096 4,633 
Asset-backed securities3,600 — (13)3,587 — 2,012 1,575 
Municipal bonds1,437 — (18)1,419 — 1,419 — 
U.S. government agency bonds5,214 — (84)5,130 — 4,133 997 
Total$1,035,964 $— $(2,180)$1,033,784 $951,956 $55,805 $26,023 

Reported as:
December 31, 2022Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair ValueCash and Cash EquivalentsMarketable securities, short-termMarketable securities, long-term
Cash$712,921 $— $— $712,921 $712,921 $— $— 
Money market funds229,129 — — 229,129 229,129 — — 
Corporate bonds69,390 — (2,915)66,475 — 36,510 29,965 
U.S. government treasury bonds
20,559 — (549)20,010 — 15,404 4,606 
Asset-backed securities4,514 1 (37)4,478 — 2,909 1,569 
Municipal bonds3,447 — (61)3,386 — 2,711 675 
U.S. government agency bonds5,231 1 (69)5,163 — — 5,163 
Total$1,045,191 $2 $(3,631)$1,041,562 $942,050 $57,534 $41,978 
Marketable Securities
The following tables summarize our cash and cash equivalents, and marketable securities on our Consolidated Balance Sheets as of June 30, 2023 and December 31, 2022 (in thousands):
Reported as:
June 30, 2023Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair ValueCash and Cash EquivalentsMarketable securities, short-termMarketable securities, long-term
Cash$759,407 $— $— $759,407 $759,407 $— $— 
Money market funds192,549 — — 192,549 192,549 — — 
Corporate bonds59,703 — (1,740)57,963 — 39,145 18,818 
U.S. government treasury bonds
14,054 — (325)13,729 — 9,096 4,633 
Asset-backed securities3,600 — (13)3,587 — 2,012 1,575 
Municipal bonds1,437 — (18)1,419 — 1,419 — 
U.S. government agency bonds5,214 — (84)5,130 — 4,133 997 
Total$1,035,964 $— $(2,180)$1,033,784 $951,956 $55,805 $26,023 

Reported as:
December 31, 2022Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair ValueCash and Cash EquivalentsMarketable securities, short-termMarketable securities, long-term
Cash$712,921 $— $— $712,921 $712,921 $— $— 
Money market funds229,129 — — 229,129 229,129 — — 
Corporate bonds69,390 — (2,915)66,475 — 36,510 29,965 
U.S. government treasury bonds
20,559 — (549)20,010 — 15,404 4,606 
Asset-backed securities4,514 1 (37)4,478 — 2,909 1,569 
Municipal bonds3,447 — (61)3,386 — 2,711 675 
U.S. government agency bonds5,231 1 (69)5,163 — — 5,163 
Total$1,045,191 $2 $(3,631)$1,041,562 $942,050 $57,534 $41,978 
Contractual Maturity of Marketable Securities
The following table summarizes the fair value of our available-for-sale marketable securities classified by contractual maturity as of June 30, 2023 and December 31, 2022 (in thousands):

June 30, 2023December 31, 2022
Due in 1 year or less $50,644 $51,037 
Due in 1 year through 5 years31,184 48,475 
Total$81,828 $99,512 
Unrealized Losses for Investments in a Continuous Unrealized Loss Position The following tables summarize the gross unrealized losses as of June 30, 2023 and December 31, 2022, aggregated by investment category and length of time that individual securities have been in a continuous loss position (in thousands):
As of June 30, 2023
Less than 12 months12 Months of GreaterTotal
June 30, 2023Fair ValueUnrealized LossFair ValueUnrealized LossFair ValueUnrealized Loss
Corporate bonds$1,514 $(15)$56,155 $(1,725)$57,669 $(1,740)
U.S. government treasury bonds
1,986 (32)11,743 (293)13,729 (325)
Asset-backed securities2,565 (5)1,022 (8)3,587 (13)
Municipal bonds— — 685 (18)685 (18)
U.S. government agency bonds3,980 (33)1,150 (51)5,130 (84)
Total$10,045 $(85)$70,755 $(2,095)$80,800 $(2,180)

As of December 31, 2022
Less than 12 months12 Months of GreaterTotal
December 31, 2022Fair ValueUnrealized LossFair ValueUnrealized LossFair ValueUnrealized Loss
Corporate bonds$10,639 $(440)$54,634 $(2,475)$65,273 $(2,915)
U.S. government treasury bonds
5,262 (177)14,748 (372)20,010 (549)
Asset-backed securities2,636 (17)1,275 (20)3,911 (37)
Municipal bonds— — 2,412 (61)2,412 (61)
U.S. government agency bonds3,017 (5)1,136 (64)4,153 (69)
Total$21,554 $(639)$74,205 $(2,992)$95,759 $(3,631)
Financial Assets Measured At Fair Value On A Recurring Basis
The following tables summarize our financial assets measured at fair value as of June 30, 2023 and December 31, 2022 (in thousands):
DescriptionBalance as of
June 30, 2023		Level 1

Level 2
Cash equivalents:
Money market funds$192,549 $192,549 $— 
Short-term investments:
U.S. government agency bonds4,133 — 4,133 
U.S. government treasury bonds9,096 9,096 — 
Corporate bonds39,145 — 39,145 
Municipal bonds1,419 — 1,419 
Asset-backed securities2,012 — 2,012 
Long-term investments:
U.S. government treasury bonds4,633 4,633 — 
Corporate bonds18,818 — 18,818 
U.S. government agency bonds997 — 997 
Asset-backed securities1,575 — 1,575 
$274,377 $206,278 $68,099 

DescriptionBalance as of December 31, 2022Level 1Level 2
Cash equivalents:
Money market funds$229,129 $229,129 $— 
Short-term investments:
U.S. government treasury bonds15,404 15,404 — 
Corporate bonds36,510 — 36,510 
Municipal bonds2,711 — 2,711 
Asset-backed securities2,909 — 2,909 
Long-term investments:
U.S. government treasury bonds
4,606 4,606 — 
Corporate bonds29,965 — 29,965 
Municipal bonds
675 — 675 
U.S. government agency bonds
5,163 — 5,163 
Asset-backed securities
1,569 — 1,569 
$328,641 $249,139 $79,502 
Schedule of Notional Amounts of Outstanding Derivative Positions
The following tables present the gross notional value of all our foreign exchange forward contracts outstanding as of June 30, 2023 and December 31, 2022 (in thousands):

June 30, 2023
Local Currency AmountNotional Contract Amount (USD)
Euro€218,700$238,786 
Canadian DollarC$106,00079,959 
Polish ZlotyPLN279,70068,452 
Chinese Yuan¥408,00056,266 
British Pound£43,90055,704 
Japanese Yen¥5,340,00037,136 
Swiss FrancCHF30,00033,526 
Brazilian RealR$143,30029,532 
Mexican PesoM$230,00013,491 
Israeli ShekelILS49,38013,300 
New Zealand DollarNZ$9,9006,046 
Czech KorunaKč60,0002,750 
New Taiwan DollarNT$82,0002,629 
Australian DollarA$3,460$2,302 
Korean Won₩1,800,0001,365 
$641,244 

December 31, 2022
Local Currency AmountNotional Contract Amount (USD)
Euro€186,900$200,010 
Polish ZlotyPLN365,98883,307 
Canadian DollarC$109,00080,514 
Chinese Yuan¥471,00068,223 
British Pound£41,20049,677 
Japanese Yen¥6,200,00047,196 
Israeli ShekelILS110,03031,383 
Swiss FrancCHF25,00027,165 
Brazilian RealR$141,20026,839 
Mexican PesoM$230,000 11,746 
New Zealand DollarNZ$6,0003,806 
Australian DollarA$4,0002,721 
Czech KorunaKč56,0002,469 
New Taiwan DollarNT$60,0001,959 
$637,015