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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of Available-for-Sale Marketable Securities Held | Available-for-sale marketable securities held as of September 30, 2024 and December 31, 2023 were as follows (in thousands):
|  |  | Gross Unrealized |  |  |  | Classification on Balance Sheet
| Amortized Cost |  | Gains |  | Losses |  | Aggregate Fair Value |  | Short-Term Marketable Securities |  | Long-Term Marketable Securities
As of September 30, 2024 |  |  |  |  |  |  |  |  |  |  |
Time deposits | $ | 12,881 |  |  | $ | — |  |  | $ | — |  |  | $ | 12,881 |  |  | $ | 12,881 |  |  | $ | — |
Commercial paper | 4,453 |  |  | 1 |  |  | — |  |  | 4,454 |  |  | 4,454 |  |  | — |
Corporate bonds | 1,028,585 |  |  | 4,735 |  |  | (73) |  |  | 1,033,247 |  |  | 833,613 |  |  | 199,634 |
U.S. government agency obligations | 323,064 |  |  | 1,440 |  |  | (60) |  |  | 324,444 |  |  | 268,970 |  |  | 55,474 |
| $ | 1,368,983 |  |  | $ | 6,176 |  |  | $ | (133) |  |  | $ | 1,375,026 |  |  | $ | 1,119,918 |  |  | $ | 255,108 |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Time deposits | $ | 14,426 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,426 |  |  | $ | 14,426 |  |  | $ | — |
Commercial paper | 6,249 |  |  | — |  |  | (5) |  |  | 6,244 |  |  | 6,244 |  |  | — |
Corporate bonds | 1,328,980 |  |  | 6,429 |  |  | (4,201) |  |  | 1,331,208 |  |  | 276,975 |  |  | 1,054,233 |
U.S. government agency obligations | 428,157 |  |  | 2,462 |  |  | (979) |  |  | 429,640 |  |  | 74,369 |  |  | 355,271 |
| $ | 1,777,812 |  |  | $ | 8,891 |  |  | $ | (5,185) |  |  | $ | 1,781,518 |  |  | $ | 372,014 |  |  | $ | 1,409,504 |
Schedule of Fair Value Measurements within Fair Value Hierarchy | The fair value measurements within the fair value hierarchy of the Company’s financial assets as of September 30, 2024 and December 31, 2023 were as follows (in thousands):
| Total Fair Value |  | Fair Value Measurements at Reporting Date Using
|  | Level 1 |  | Level 2 |  |
As of September 30, 2024 |  |  |  |  |  |  |
Cash Equivalents and Marketable Securities: |  |  |  |  |  |  |
Money market funds | $ | 146,898 |  |  | $ | 146,898 |  |  | $ | — |  |  |
Time deposits | 58,800 |  |  | — |  |  | 58,800 |  |  |
Commercial paper | 4,454 |  |  | — |  |  | 4,454 |  |  |
Corporate bonds | 1,033,247 |  |  | — |  |  | 1,033,247 |  |  |
U.S. government agency obligations | 324,444 |  |  | — |  |  | 324,444 |  |  |
Mutual funds | 26,739 |  |  | 26,739 |  |  | — |  |  |
| $ | 1,594,582 |  |  | $ | 173,637 |  |  | $ | 1,420,945 |  |  |
As of December 31, 2023 |  |  |
Cash Equivalents and Marketable Securities: |  |  |  |  |  |  |
Money market funds | $ | 177,240 |  |  | $ | 177,240 |  |  | $ | — |  |  |
Time deposits | 39,670 |  |  | — |  |  | 39,670 |  |  |
Commercial paper | 6,244 |  |  | — |  |  | 6,244 |  |  |
Corporate bonds | 1,331,208 |  |  | — |  |  | 1,331,208 |  |  |
U.S. government agency obligations | 429,640 |  |  | — |  |  | 429,640 |  |  |
Mutual funds | 22,942 |  |  | 22,942 |  |  | — |  |  |
| $ | 2,006,944 |  |  | $ | 200,182 |  |  | $ | 1,806,762 |  |  |
Schedule of Contractual Maturities of Available-for-Sale Marketable Securities Held | Contractual maturities of the Company’s available-for-sale marketable securities held as of September 30, 2024 and December 31, 2023 were as follows (in thousands):
| September 30, 2024 |  | December 31, 2023
Due in 1 year or less | $ | 1,119,918 |  |  | $ | 372,014 |
Due after 1 year through 5 years | 255,108 |  |  | 1,409,504 |
| $ | 1,375,026 |  |  | $ | 1,781,518 |

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