XML 50 R32.htm IDEA: XBRL DOCUMENT v3.24.0.1
Cash and Cash equivalents and Short-term investments (Tables)
 12 Months Ended
Dec. 31, 2023
Cash, Cash Equivalents, and Short-Term Investments [Abstract]  
Schedule of Cash and Cash Equivalents As of December 31, 2023 and 2022, the Company’s cash and cash equivalents and short-term investments were composed of:
December 31, 2023
Fair value levelAdjusted cost basisUnrealized gainsUnrealized lossesFair market valueRecorded basisCash and cash equivalents
Short-term investments (2)
Cash$9,955 $— $— $9,955 $9,955 $9,955 $— 
Money market fundsLevel 1227,166 — — 227,166 227,166 227,166 — 
Certificate of deposits and term depositsLevel 2153,169 — — 153,169 153,169 3,700 149,469 
HTM securities (1)
U.S. Treasury billsLevel 1$78,844 $55 $(110)$78,789 $78,844 $— $78,844 
Government and governmental agenciesLevel 2$24,940 $13 $— $24,953 $24,940 $— $24,940 
Corporate debt securitiesLevel 2$416,542 $486 $(149)$416,879 $416,542 $— $416,542 
$520,326 $554 $(259)$520,621 $520,326 $— $520,326 
Total$910,616 $554 $(259)$910,911 $910,616 $240,821 $669,795 

December 31, 2022
Fair value levelAdjusted cost basisUnrealized gainsUnrealized lossesFair market valueRecorded basisCash and cash equivalentsShort-term investments
Cash$9,697 $— $— $9,697 $9,697 $9,697 $— 
Money market fundsLevel 1105,629 — — 105,629 105,629 105,629 — 
Certificate of deposits, notes and term depositsLevel 2316,946 — — 316,946 316,946 — 316,946 
HTM securities (1)
U.S. Treasury billsLevel 1188,030 8 (540)187,498 188,030 — 188,030 
Government and governmental agenciesLevel 244,357 12 (12)44,357 44,357 44,357 
Corporate debt securitiesLevel 2304,766 1,066 (587)305,245 304,766 — 304,766 
Total$537,153 $1,086 $(1,139)$537,100 $537,153 $— $537,153 
$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.
(2)    Pursuant to a bank guaranty, $16,650 of short-term investments are pledged. See Note 12.
Schedule of Available-for-Sale Securities Reconciliation As of December 31, 2023 and 2022, the Company’s cash and cash equivalents and short-term investments were composed of:
December 31, 2023
Fair value levelAdjusted cost basisUnrealized gainsUnrealized lossesFair market valueRecorded basisCash and cash equivalents
Short-term investments (2)
Cash$9,955 $— $— $9,955 $9,955 $9,955 $— 
Money market fundsLevel 1227,166 — — 227,166 227,166 227,166 — 
Certificate of deposits and term depositsLevel 2153,169 — — 153,169 153,169 3,700 149,469 
HTM securities (1)
U.S. Treasury billsLevel 1$78,844 $55 $(110)$78,789 $78,844 $— $78,844 
Government and governmental agenciesLevel 2$24,940 $13 $— $24,953 $24,940 $— $24,940 
Corporate debt securitiesLevel 2$416,542 $486 $(149)$416,879 $416,542 $— $416,542 
$520,326 $554 $(259)$520,621 $520,326 $— $520,326 
Total$910,616 $554 $(259)$910,911 $910,616 $240,821 $669,795 

December 31, 2022
Fair value levelAdjusted cost basisUnrealized gainsUnrealized lossesFair market valueRecorded basisCash and cash equivalentsShort-term investments
Cash$9,697 $— $— $9,697 $9,697 $9,697 $— 
Money market fundsLevel 1105,629 — — 105,629 105,629 105,629 — 
Certificate of deposits, notes and term depositsLevel 2316,946 — — 316,946 316,946 — 316,946 
HTM securities (1)
U.S. Treasury billsLevel 1188,030 8 (540)187,498 188,030 — 188,030 
Government and governmental agenciesLevel 244,357 12 (12)44,357 44,357 44,357 
Corporate debt securitiesLevel 2304,766 1,066 (587)305,245 304,766 — 304,766 
Total$537,153 $1,086 $(1,139)$537,100 $537,153 $— $537,153 
$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.
(2)    Pursuant to a bank guaranty, $16,650 of short-term investments are pledged. See Note 12.
Schedule of Amortized Cost and Recorded Basis of T-bills in Short-Term Investments As of December 31, 2023 and 2022, the Company’s cash and cash equivalents and short-term investments were composed of:
December 31, 2023
Fair value levelAdjusted cost basisUnrealized gainsUnrealized lossesFair market valueRecorded basisCash and cash equivalents
Short-term investments (2)
Cash$9,955 $— $— $9,955 $9,955 $9,955 $— 
Money market fundsLevel 1227,166 — — 227,166 227,166 227,166 — 
Certificate of deposits and term depositsLevel 2153,169 — — 153,169 153,169 3,700 149,469 
HTM securities (1)
U.S. Treasury billsLevel 1$78,844 $55 $(110)$78,789 $78,844 $— $78,844 
Government and governmental agenciesLevel 2$24,940 $13 $— $24,953 $24,940 $— $24,940 
Corporate debt securitiesLevel 2$416,542 $486 $(149)$416,879 $416,542 $— $416,542 
$520,326 $554 $(259)$520,621 $520,326 $— $520,326 
Total$910,616 $554 $(259)$910,911 $910,616 $240,821 $669,795 

December 31, 2022
Fair value levelAdjusted cost basisUnrealized gainsUnrealized lossesFair market valueRecorded basisCash and cash equivalentsShort-term investments
Cash$9,697 $— $— $9,697 $9,697 $9,697 $— 
Money market fundsLevel 1105,629 — — 105,629 105,629 105,629 — 
Certificate of deposits, notes and term depositsLevel 2316,946 — — 316,946 316,946 — 316,946 
HTM securities (1)
U.S. Treasury billsLevel 1188,030 8 (540)187,498 188,030 — 188,030 
Government and governmental agenciesLevel 244,357 12 (12)44,357 44,357 44,357 
Corporate debt securitiesLevel 2304,766 1,066 (587)305,245 304,766 — 304,766 
Total$537,153 $1,086 $(1,139)$537,100 $537,153 $— $537,153 
$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.
(2)    Pursuant to a bank guaranty, $16,650 of short-term investments are pledged. See Note 12.