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MARKETABLE SECURITIES (Tables) | 9 Months Ended
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Sep. 30, 2025
Cash and Cash Equivalents [Abstract] |
Cash, Cash Equivalents and Investments | The following table sets forth the Company’s cash, cash equivalents, and marketable securities at September 30, 2025 and December 31, 2024:
(In thousands) |  | September 30, 2025 |  | December 31, 2024
Cash and cash equivalents |  |  |  |
Cash and money market |  | $ | 781,729 |  |  | $ | 595,548 |
Cash equivalents |  | 7,308 |  |  | 5,341 |
Total cash and cash equivalents |  | 789,037 |  |  | 600,889 |
Marketable securities |  |  |  |
Available-for-sale debt securities |  | $ | 202,706 |  |  | $ | 431,165 |
Equity securities |  | 11,352 |  |  | 5,972 |
Total marketable securities |  | 214,058 |  |  | 437,137 |
Total cash, cash equivalents and marketable securities |  | $ | 1,003,095 |  |  | $ | 1,038,026 |
Schedule of available-for-sale securities | Available-for-sale debt securities, including the classification within the condensed consolidated balance sheet at September 30, 2025, consisted of the following:
(In thousands) |  | Amortized Cost |  | Gains in Accumulated Other Comprehensive Income (Loss) (1) |  | Losses in Accumulated Other Comprehensive Income (Loss) (1) |  | Estimated Fair Value
Cash equivalents |  |  |  |  |  |  |  |
U.S. government agency securities |  | $ | 7,308 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,308 |
Total cash equivalents |  | 7,308 |  |  | — |  |  | — |  |  | 7,308 |
Marketable securities |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 103,623 |  |  | $ | 652 |  |  | $ | (20) |  |  | $ | 104,255 |
U.S. government agency securities |  | 68,829 |  |  | 257 |  |  | (1) |  |  | 69,085 |
Asset backed securities |  | 29,292 |  |  | 78 |  |  | (4) |  |  | 29,366 |
Total marketable securities |  | 201,744 |  |  | 987 |  |  | (25) |  |  | 202,706 |
Total available-for-sale debt securities |  | $ | 209,052 |  |  | $ | 987 |  |  | $ | (25) |  |  | $ | 210,014 |
______________ (1)There was no tax impact from the gains and losses in accumulated other comprehensive income (loss) (“AOCI”). Available-for-sale debt securities, including the classification within the condensed consolidated balance sheet at December 31, 2024, consisted of the following:
(In thousands) |  | Amortized Cost |  | Gains in Accumulated Other Comprehensive Income (Loss) (1) |  | Losses in Accumulated Other Comprehensive Income (Loss) (1) |  | Estimated Fair Value
Cash equivalents |  |  |  |  |  |  |  |
U.S. government agency securities |  | $ | 5,341 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,341 |
Total cash equivalents |  | 5,341 |  |  | — |  |  | — |  |  | 5,341 |
Marketable securities |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 206,063 |  |  | $ | 932 |  |  | $ | (121) |  |  | $ | 206,874 |
U.S. government agency securities |  | 140,992 |  |  | 160 |  |  | (200) |  |  | 140,952 |
Asset backed securities |  | 83,134 |  |  | 256 |  |  | (51) |  |  | 83,339 |
Total marketable securities |  | 430,189 |  |  | 1,348 |  |  | (372) |  |  | 431,165 |
Total available-for-sale debt securities |  | $ | 435,530 |  |  | $ | 1,348 |  |  | $ | (372) |  |  | $ | 436,506 |
______________ (1)There was no tax impact from the gains and losses in AOCI.
Schedule of contractual maturities of available-for-sale investments | The following table summarizes contractual underlying maturities of the Company’s available-for-sale debt securities at September 30, 2025:
|  | Due one year or less |  | Due after one year through five years
(In thousands) |  | Cost |  | Fair Value |  | Cost |  | Fair Value
Cash equivalents |  |  |  |  |  |  |  |
U.S. government agency securities |  | $ | 7,308 |  |  | $ | 7,308 |  |  | $ | — |  |  | $ | — |
Total cash equivalents |  | 7,308 |  |  | 7,308 |  |  | — |  |  | — |
Marketable securities |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 37,654 |  |  | $ | 37,822 |  |  | $ | 65,969 |  |  | $ | 66,433 |
U.S. government agency securities |  | 25,777 |  |  | 25,811 |  |  | 43,052 |  |  | 43,274 |
Asset backed securities |  | 15 |  |  | 16 |  |  | 29,277 |  |  | 29,350 |
Total marketable securities |  | 63,446 |  |  | 63,649 |  |  | 138,298 |  |  | 139,057 |
Total available-for-sale securities |  | $ | 70,754 |  |  | $ | 70,957 |  |  | $ | 138,298 |  |  | $ | 139,057 |
Schedule of gross unrealized losses and fair values of investments in an unrealized loss position | The following table summarizes the gross unrealized losses and fair values of available-for-sale debt securities in an unrealized loss position as of September 30, 2025 aggregated by investment category and length of time those individual securities have been in a continuous unrealized loss position:
|  | Less than one year |  | One year or greater |  | Total
(In thousands) |  | Fair Value |  | Gross Unrealized Loss |  | Fair Value |  | Gross Unrealized Loss |  | Fair Value |  | Gross Unrealized Loss
Marketable securities |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 9,575 |  |  | $ | (20) |  |  | $ | 302 |  |  | $ | — |  |  | $ | 9,877 |  |  | $ | (20) |
U.S. government agency securities |  | 8,600 |  |  | (1) |  |  | — |  |  | — |  |  | 8,600 |  |  | (1) |
Asset backed securities |  | 2,326 |  |  | (4) |  |  | 15 |  |  | — |  |  | 2,341 |  |  | (4) |
Total available-for-sale securities |  | $ | 20,501 |  |  | $ | (25) |  |  | $ | 317 |  |  | $ | — |  |  | $ | 20,818 |  |  | $ | (25) |

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