v3.24.1.u1
CASH, CASH EQUIVALENTS AND INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2024
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

 

March 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Cash accounts in banking institutions

 

$

70,765

 

 

$

—

 

 

$

—

 

 

$

70,765

 

Money market accounts

 

 

3,247

 

 

 

—

 

 

 

—

 

 

 

3,247

 

 

 

$

74,012

 

 

$

—

 

 

$

—

 

 

$

74,012

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Cash accounts in banking institutions

 

$

91,717

 

 

$

—

 

 

$

—

 

 

$

91,717

 

Money market accounts

 

 

268

 

 

 

—

 

 

 

—

 

 

 

268

 

 

 

$

91,985

 

 

$

—

 

 

$

—

 

 

$

91,985

 
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

 

March 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

796

 

 

$

1

 

 

$

(1

)

 

$

796

 

U.S. Government bonds

 

 

465,377

 

 

 

10

 

 

 

(979

)

 

 

464,408

 

Marketable securities

 

 

89

 

 

 

—

 

 

 

—

 

 

 

89

 

 

 

$

466,262

 

 

$

11

 

 

$

(980

)

 

$

465,293

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

1,763

 

 

$

1

 

 

$

(5

)

 

$

1,759

 

U.S. Government bonds

 

 

420,769

 

 

 

303

 

 

 

(694

)

 

 

420,378

 

 

 

$

422,532

 

 

$

304

 

 

$

(699

)

 

$

422,137

 

 

Long-term U.S. Government Bond Investments

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

 

March 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

299,537

 

 

$

68

 

 

$

(712

)

 

$

298,893

 

 

 

$

299,537

 

 

$

68

 

 

$

(712

)

 

$

298,893

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

284,053

 

 

$

1,457

 

 

$

(8

)

 

$

285,502

 

 

 

$

284,053

 

 

$

1,457

 

 

$

(8

)

 

$

285,502