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INVESTMENTS (Tables)
3 Months Ended
Mar. 31, 2021
INVESTMENTS  
Summary of investments in available-for-sale

Continuous

Continuous

Gross

Gross

Unrealized

Unrealized

Unrealized

Unrealized

Loss Position

Loss Position

Amortized

Holding

Holding

Fair

less than 12

greater than 12

March 31, 2021

    

Cost

    

Gains

    

Losses

    

Value

    

Months

    

Months

Available-for-sale

Short-term:

Commercial paper

$

166,306

$

$

$

166,306

$

$

Certificates of deposit

40,517

3

40,520

U.S. government agency securities

 

87,645

 

16

 

3

 

87,658

 

3

 

U.S. treasuries

685,521

 

123

 

20

 

685,624

 

20

 

Long-term:

U.S. government agency securities

8,141

5

8,136

5

U.S. treasuries

55,620

1

6

55,615

6

Total

$

1,043,750

$

143

$

34

$

1,043,859

$

34

$

Continuous

Continuous

Gross

Gross

Unrealized

Unrealized

Unrealized

Unrealized

Loss Position

Loss Position

Amortized

Holding

Holding

Fair

less than 12

greater than 12

December 31, 2020

    

Cost

    

Gains

    

Losses

    

Value

    

Months

    

Months

Available-for-sale

Short-term:

Commercial paper

$

119,886

$

$

$

119,886

$

$

Certificates of deposit

20,387

20,387

Municipal securities

 

9,083

 

 

 

9,083

 

 

U.S. government agency securities

 

81,521

 

13

 

3

 

81,531

 

3

 

U.S. treasuries

650,386

150

69

650,467

69

Long-term:

U.S. government agency securities

10,350

1

10,351

U.S. treasuries

33,946

1

7

33,940

7

Total

$

925,559

$

165

$

79

$

925,645

$

79

$

Summary of the underlying contractual maturities of investments

March 31, 2021

December 31, 2020

    

Amortized Cost

    

Fair Value

    

Amortized Cost

    

Fair Value

Less than 1 year:

Commercial paper

$

166,306

$

166,306

 

$

119,886

$

119,886

Municipal securities

 

 

 

 

9,083

 

9,083

U.S. government agency securities

 

87,645

 

87,658

 

 

81,521

 

81,531

Certificates of deposit

 

40,517

 

40,520

 

 

20,387

 

20,387

U.S. treasuries

685,521

685,624

650,386

650,467

Due 1 - 10 years:

U.S. treasuries

55,620

55,615

33,946

33,940

U.S. government agency securities

 

8,141

 

8,136

 

 

10,350

 

10,351

Total

$

1,043,750

$

1,043,859

 

$

925,559

$

925,645