The following table summarizes the Company’s available-for-sale marketable securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
|
Amortized
Cost |
|
|
Gross Unrealized
Gains |
|
|
Gross Unrealized
Losses |
|
|
Estimated Fair
Value |
|
|
|
(In thousands) |
|
Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury and other government-backed securities |
|
$ |
352,309 |
|
|
$ |
580 |
|
|
$ |
(273 |
) |
|
$ |
352,616 |
|
Financial institution debt securities |
|
|
217,544 |
|
|
|
528 |
|
|
|
(245 |
) |
|
|
217,827 |
|
Corporate debt securities |
|
|
94,924 |
|
|
|
163 |
|
|
|
(160 |
) |
|
|
94,927 |
|
Other asset-backed securities |
|
|
7,168 |
|
|
|
10 |
|
|
|
- |
|
|
|
7,178 |
|
Total |
|
$ |
671,945 |
|
|
$ |
1,281 |
|
|
$ |
(678 |
) |
|
$ |
672,548 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
|
|
Amortized
Cost |
|
|
Gross Unrealized
Gains |
|
|
Gross Unrealized
Losses |
|
|
Estimated Fair
Value |
|
|
|
(In thousands) |
|
Marketable securities: |
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury and other government-backed securities |
|
$ |
382,260 |
|
|
$ |
302 |
|
|
$ |
(254 |
) |
|
$ |
382,308 |
|
Financial institution debt securities |
|
|
246,270 |
|
|
|
92 |
|
|
|
(243 |
) |
|
|
246,119 |
|
Corporate debt securities |
|
|
97,490 |
|
|
|
53 |
|
|
|
(135 |
) |
|
|
97,408 |
|
Other asset-backed securities |
|
|
59,453 |
|
|
|
75 |
|
|
|
(24 |
) |
|
|
59,504 |
|
Total |
|
$ |
785,473 |
|
|
$ |
522 |
|
|
$ |
(656 |
) |
|
$ |
785,339 |
|
|