FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured and Carried at Fair Value

The tables below present information about the Company’s financial assets and liabilities that are measured and carried at fair value and indicate the level within the fair value hierarchy of the valuation techniques it utilizes to determine such fair value:

	Fair Value Measurement as of June 30, 2023
	Total		Level 1		Level 2		Level 3
	(in thousands)
Assets
Money market funds	$	404,863	$	404,863	$	—	$	—
Commercial paper		169,866		—		169,866		—
Government and government agency bonds		859,532		—		859,532		—
Corporate bonds		21,207		—		21,207		—
Strategic investments		31,000		—		—		31,000
Certificates of deposit		7,961		—		7,961		—
Total assets	$	1,494,429	$	404,863	$	1,058,566	$	31,000
Liabilities
Contingent consideration	$	36,100	$	—	$	—	$	36,100
Total liabilities	$	36,100	$	—	$	—	$	36,100

	Fair Value Measurement as of December 31, 2022
	Total		Level 1		Level 2		Level 3
	(in thousands)
Assets
Money market funds	$	467,553	$	467,553	$	—	$	—
Commercial paper		211,369		—		211,369		—
Government and government agency bonds		807,540		—		807,540		—
Corporate bonds		125,741		—		125,741		—
Strategic investments		31,321		321		—		31,000
Certificates of deposit		42,745		—		42,745		—
Total assets	$	1,686,269	$	467,874	$	1,187,395	$	31,000
Liabilities
Contingent consideration	$	36,900	$	—	$	—	$	36,900
Total liabilities	$	36,900	$	—	$	—	$	36,900