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FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value | Assets and liabilities measured at fair value on a recurring basis:
| June 30, 2024 |  | December 31, 2023
(in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash equivalents | $ | 18,345 |  |  | $ | — |  |  | $ | — |  |  | $ | 18,345 |  |  | $ | 54,357 |  |  | $ | — |  |  | $ | — |  |  | $ | 54,357 |
Marketable securities | $ | — |  |  | $ | 406,819 |  |  | $ | — |  |  | $ | 406,819 |  |  | $ | — |  |  | $ | 193,436 |  |  | $ | — |  |  | $ | 193,436 |
Capped Call Transactions | $ | — |  |  | $ | 915 |  |  | $ | — |  |  | $ | 915 |  |  | $ | — |  |  | $ | 893 |  |  | $ | — |  |  | $ | 893 |
Venture investments (1) | $ | — |  |  | $ | — |  |  | $ | 21,047 |  |  | $ | 21,047 |  |  | $ | — |  |  | $ | — |  |  | $ | 19,450 |  |  | $ | 19,450 |
(1) Investments in privately-held companies
Schedule of Changes in Venture Investments | Changes in venture investments:
| Six Months Ended June 30,
(in thousands) | 2024 |  | 2023
January 1, | $ | 19,450 |  |  | $ | 13,069 |
New investments | 350 |  |  | 400 |
Sales of investments | — |  |  | (2,773) |
Changes in foreign exchange rates | (19) |  |  | 119 |
Changes in fair value: |  |  |
included in other income, net | 1,628 |  |  | 4,475 |
included in other comprehensive income (loss) | (362) |  |  | (1,908) |
June 30, | $ | 21,047 |  |  | $ | 13,382 |

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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