CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2023

Cash, Cash Equivalents, and Short-Term Investments [Abstract]

Schedule of Cash and Cash Equivalents

As of June 30, 2023 and December 31, 2022, the Company’s cash and cash equivalents and short-term investments were composed of:

	June 30, 2023
	Unaudited
	Fair value level	Adjusted cost basis		Unrealized gains		Unrealized losses		Fair market value		Recorded basis		Cash and cash equivalents		Short-term investments
Cash		$	9,995	$	—	$	—	$	9,995	$	9,995	$	9,995	$	—
Money market funds	Level 1	139,983		—		—		139,983		139,983		139,983		—
Certificate of deposits and term deposits	Level 2	251,090		—		—		251,090		251,090		7,000		244,090
HTM securities (1)
U.S. Treasury bills	Level 1	$	140,031	$	12	$	(136)	139,907		140,031		$	—	$	140,031
Government and governmental agencies	Level 2	$	25,282	$	1	$	(60)	25,223		25,282		$	—	$	25,282
Corporate debt securities	Level 2	$	374,434	$	43	$	(665)	373,812		374,434		$	—	$	374,434
		$	539,747	$	56	$	(861)	$	538,942	$	539,747	$	—	$	539,747
Total		$	940,815	$	56	$	(861)	$	940,010	$	940,815	$	156,978	$	783,837

	December 31, 2022
	Audited
	Fair value level	Adjusted cost basis		Unrealized gains		Unrealized losses		Fair market value		Recorded basis		Cash and cash equivalents		Short-term investments
Cash		$	9,697	$	—	$	—	$	9,697	$	9,697	$	9,697	$	—
Money market funds	Level 1	105,629		—		—		105,629		105,629		105,629		—
Certificate of deposits and term deposits	Level 2	316,946		—		—		316,946		316,946		—		316,946
HTM securities (1)
U.S. Treasury bills	Level 1	$	188,030	$	8	$	(540)	187,498		188,030		$	—	$	188,030
Government and governmental agencies	Level 2	$	44,357	$	12	$	(12)	44,357		44,357		$	—	$	44,357
Corporate debt securities	Level 2	$	304,766	$	1,066	$	(587)	305,245		304,766		$	—	$	304,766
		$	537,153	$	1,086	$	(1,139)	$	537,100	$	537,153	$	—	$	537,153
Total		$	969,425	$	1,086	$	(1,139)	$	969,372	$	969,425	$	115,326	$	854,099

(1) Changes in fair value of held-to-maturity ("HTM") securities are presented for disclosure purposes as required by ASC 320 "Investments — Debt Securities" and are recorded as finance expenses only if the unrealized loss is identified as a credit loss.

Schedule of Amortized Cost and Recorded Basis of T-bills in Short-Term Investments

As of June 30, 2023 and December 31, 2022, the Company’s cash and cash equivalents and short-term investments were composed of:

	June 30, 2023
	Unaudited
	Fair value level	Adjusted cost basis		Unrealized gains		Unrealized losses		Fair market value		Recorded basis		Cash and cash equivalents		Short-term investments
Cash		$	9,995	$	—	$	—	$	9,995	$	9,995	$	9,995	$	—
Money market funds	Level 1	139,983		—		—		139,983		139,983		139,983		—
Certificate of deposits and term deposits	Level 2	251,090		—		—		251,090		251,090		7,000		244,090
HTM securities (1)
U.S. Treasury bills	Level 1	$	140,031	$	12	$	(136)	139,907		140,031		$	—	$	140,031
Government and governmental agencies	Level 2	$	25,282	$	1	$	(60)	25,223		25,282		$	—	$	25,282
Corporate debt securities	Level 2	$	374,434	$	43	$	(665)	373,812		374,434		$	—	$	374,434
		$	539,747	$	56	$	(861)	$	538,942	$	539,747	$	—	$	539,747
Total		$	940,815	$	56	$	(861)	$	940,010	$	940,815	$	156,978	$	783,837

	December 31, 2022
	Audited
	Fair value level	Adjusted cost basis		Unrealized gains		Unrealized losses		Fair market value		Recorded basis		Cash and cash equivalents		Short-term investments
Cash		$	9,697	$	—	$	—	$	9,697	$	9,697	$	9,697	$	—
Money market funds	Level 1	105,629		—		—		105,629		105,629		105,629		—
Certificate of deposits and term deposits	Level 2	316,946		—		—		316,946		316,946		—		316,946
HTM securities (1)
U.S. Treasury bills	Level 1	$	188,030	$	8	$	(540)	187,498		188,030		$	—	$	188,030
Government and governmental agencies	Level 2	$	44,357	$	12	$	(12)	44,357		44,357		$	—	$	44,357
Corporate debt securities	Level 2	$	304,766	$	1,066	$	(587)	305,245		304,766		$	—	$	304,766
		$	537,153	$	1,086	$	(1,139)	$	537,100	$	537,153	$	—	$	537,153
Total		$	969,425	$	1,086	$	(1,139)	$	969,372	$	969,425	$	115,326	$	854,099

(1) Changes in fair value of held-to-maturity ("HTM") securities are presented for disclosure purposes as required by ASC 320 "Investments — Debt Securities" and are recorded as finance expenses only if the unrealized loss is identified as a credit loss.

Schedule of Available-for-Sale Securities Reconciliation

As of June 30, 2023 and December 31, 2022, the Company’s cash and cash equivalents and short-term investments were composed of:

	June 30, 2023
	Unaudited
	Fair value level	Adjusted cost basis		Unrealized gains		Unrealized losses		Fair market value		Recorded basis		Cash and cash equivalents		Short-term investments
Cash		$	9,995	$	—	$	—	$	9,995	$	9,995	$	9,995	$	—
Money market funds	Level 1	139,983		—		—		139,983		139,983		139,983		—
Certificate of deposits and term deposits	Level 2	251,090		—		—		251,090		251,090		7,000		244,090
HTM securities (1)
U.S. Treasury bills	Level 1	$	140,031	$	12	$	(136)	139,907		140,031		$	—	$	140,031
Government and governmental agencies	Level 2	$	25,282	$	1	$	(60)	25,223		25,282		$	—	$	25,282
Corporate debt securities	Level 2	$	374,434	$	43	$	(665)	373,812		374,434		$	—	$	374,434
		$	539,747	$	56	$	(861)	$	538,942	$	539,747	$	—	$	539,747
Total		$	940,815	$	56	$	(861)	$	940,010	$	940,815	$	156,978	$	783,837

	December 31, 2022
	Audited
	Fair value level	Adjusted cost basis		Unrealized gains		Unrealized losses		Fair market value		Recorded basis		Cash and cash equivalents		Short-term investments
Cash		$	9,697	$	—	$	—	$	9,697	$	9,697	$	9,697	$	—
Money market funds	Level 1	105,629		—		—		105,629		105,629		105,629		—
Certificate of deposits and term deposits	Level 2	316,946		—		—		316,946		316,946		—		316,946
HTM securities (1)
U.S. Treasury bills	Level 1	$	188,030	$	8	$	(540)	187,498		188,030		$	—	$	188,030
Government and governmental agencies	Level 2	$	44,357	$	12	$	(12)	44,357		44,357		$	—	$	44,357
Corporate debt securities	Level 2	$	304,766	$	1,066	$	(587)	305,245		304,766		$	—	$	304,766
		$	537,153	$	1,086	$	(1,139)	$	537,100	$	537,153	$	—	$	537,153
Total		$	969,425	$	1,086	$	(1,139)	$	969,372	$	969,425	$	115,326	$	854,099

(1) Changes in fair value of held-to-maturity ("HTM") securities are presented for disclosure purposes as required by ASC 320 "Investments — Debt Securities" and are recorded as finance expenses only if the unrealized loss is identified as a credit loss.