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Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2021
Investments, All Other Investments [Abstract] |
Cash and Cash Equivalents | The following table summarizes our cash and cash equivalents, and marketable securities on our Consolidated Balance Sheet as of December 31, 2021 (in thousands):
|  |  |  |  |  |  |  |  |  | Reported as:
December 31, 2021 |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |  | Cash and Cash Equivalents |  | Marketable securities, short-term |  | Marketable securities, long-term
Cash |  | $ | 754,802 |  |  | $ | — |  |  | $ | — |  |  | $ | 754,802 |  |  | $ | 754,802 |  |  | $ | — |  |  | $ | — |
Money market funds |  | 343,012 |  |  | — |  |  | (2) |  |  | 343,010 |  |  | 343,010 |  |  | — |  |  | — |
Corporate bonds |  | 115,507 |  |  | 9 |  |  | (398) |  |  | 115,118 |  |  | 1,042 |  |  | 35,065 |  |  | 79,011 |
U.S. government treasury bonds |  | 42,976 |  |  | — |  |  | (48) |  |  | 42,928 |  |  | — |  |  | 22,251 |  |  | 20,677 |
Asset-backed securities |  | 32,031 |  |  | — |  |  | (40) |  |  | 31,991 |  |  | — |  |  | 10,999 |  |  | 20,992 |
Municipal bonds |  | 7,628 |  |  | — |  |  | (15) |  |  | 7,613 |  |  | 516 |  |  | 3,657 |  |  | 3,440 |
U.S. government agency bonds |  | 1,201 |  |  | — |  |  | (1) |  |  | 1,200 |  |  | — |  |  | — |  |  | 1,200 |
Total |  | $ | 1,297,157 |  |  | $ | 9 |  |  | $ | (504) |  |  | $ | 1,296,662 |  |  | $ | 1,099,370 |  |  | $ | 71,972 |  |  | $ | 125,320 |
Marketable Securities | The following table summarizes our cash and cash equivalents, and marketable securities on our Consolidated Balance Sheet as of December 31, 2021 (in thousands):
|  |  |  |  |  |  |  |  |  | Reported as:
December 31, 2021 |  | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |  | Cash and Cash Equivalents |  | Marketable securities, short-term |  | Marketable securities, long-term
Cash |  | $ | 754,802 |  |  | $ | — |  |  | $ | — |  |  | $ | 754,802 |  |  | $ | 754,802 |  |  | $ | — |  |  | $ | — |
Money market funds |  | 343,012 |  |  | — |  |  | (2) |  |  | 343,010 |  |  | 343,010 |  |  | — |  |  | — |
Corporate bonds |  | 115,507 |  |  | 9 |  |  | (398) |  |  | 115,118 |  |  | 1,042 |  |  | 35,065 |  |  | 79,011 |
U.S. government treasury bonds |  | 42,976 |  |  | — |  |  | (48) |  |  | 42,928 |  |  | — |  |  | 22,251 |  |  | 20,677 |
Asset-backed securities |  | 32,031 |  |  | — |  |  | (40) |  |  | 31,991 |  |  | — |  |  | 10,999 |  |  | 20,992 |
Municipal bonds |  | 7,628 |  |  | — |  |  | (15) |  |  | 7,613 |  |  | 516 |  |  | 3,657 |  |  | 3,440 |
U.S. government agency bonds |  | 1,201 |  |  | — |  |  | (1) |  |  | 1,200 |  |  | — |  |  | — |  |  | 1,200 |
Total |  | $ | 1,297,157 |  |  | $ | 9 |  |  | $ | (504) |  |  | $ | 1,296,662 |  |  | $ | 1,099,370 |  |  | $ | 71,972 |  |  | $ | 125,320 |
Contractual Maturity of Marketable Securities | The following table summarizes the fair value of our available-for-sale marketable securities classified by contractual maturity as of December 31, 2021 (in thousands):
|  | December 31, 2021
Due in 1 year or less |  | $ | 59,737 |
Due in 1 year through 5 years |  | 139,113 |
Total |  | $ | 198,850 |
Financial Assets Measured At Fair Value On A Recurring Basis | The following tables summarize our financial assets measured at fair value as of December 31, 2021 and 2020 (in thousands):
Description |  | Balance as of December 31, 2021 |  | Level 1 |  | Level 2 |  | Level 3 |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 343,010 |  |  | $ | 343,010 |  |  | $ | — |  |  | $ | — |  |  |
Corporate bonds |  | 1,042 |  |  | — |  |  | 1,042 |  |  | — |  |  |
Municipal bonds |  | 516 |  |  | — |  |  | 516 |  |  | — |  |  |
Short-term investments: |  |  |  |  |  |  |  |  |  |
U.S. government treasury bonds |  | 22,251 |  |  | 22,251 |  |  | — |  |  | — |  |  |
Corporate bonds |  | 35,065 |  |  | — |  |  | 35,065 |  |  | — |  |  |
Municipal bonds |  | 3,657 |  |  | — |  |  | 3,657 |  |  | — |  |  |
Asset-backed securities |  | 10,999 |  |  | — |  |  | 10,999 |  |  | — |  |  |
Long-term investments: |  |  |  |  |  |  |  |  |  |
U.S. government treasury bonds |  | 20,677 |  |  | 20,677 |  |  | — |  |  | — |  |  |
Corporate bonds |  | 79,011 |  |  | — |  |  | 79,011 |  |  | — |  |  |
Municipal bonds |  | 3,440 |  |  | — |  |  | 3,440 |  |  | — |  |  |
U.S. government agency bonds |  | 1,200 |  |  | — |  |  | 1,200 |  |  | — |  |  |
Asset-backed securities |  | 20,992 |  |  | — |  |  | 20,992 |  |  | — |  |  |
Prepaid expenses and other current assets: |  |  |  |  |  |  |  |  |  |
Israeli funds |  | 3,841 |  |  | — |  |  | 3,841 |  |  | — |  |  |
Other assets: |  |  |  |  |  |  |  |  |  |
Investments in privately held companies 1 |  | 8,621 |  |  | — |  |  | — |  |  | 8,621 |  |  |
|  | $ | 554,322 |  |  | $ | 385,938 |  |  | $ | 159,763 |  |  | $ | 8,621 |  |  |
1 The adjustment to the carrying value of our equity investments in privately held companies without readily determinable fair value are not material during the year ended December 31, 2021, 2020 and 2019.
Description |  | Balance as of December 31, 2020 |  | Level 1 |  | Level 2 |  | Level 3
Cash equivalents: |  |  |  |  |  |  |  |
Money market funds |  | $ | 519,228 |  |  | $ | 519,228 |  |  | $ | — |  |  | — |
Prepaid expenses and other current assets: |  |  |  |  |  |  |  |
Israeli funds |  | 3,500 |  |  | — |  |  | 3,500 |  |  | — |
Current unsecured promissory note |  | 5,408 |  |  | — |  |  | — |  |  | 5,408 |
|  | $ | 528,136 |  |  | $ | 519,228 |  |  | $ | 3,500 |  |  | $ | 5,408 |
Schedule of Notional Amounts of Outstanding Derivative Positions | The following table presents the gross notional value of all our foreign exchange forward contracts outstanding as of December 31, 2021 and 2020 (in thousands):
|  | December 31, 2021
|  | Local Currency Amount |  | Notional Contract Amount (USD)
Euro |  | €165,110 |  | $ | 186,358 |
Canadian Dollar |  | C$99,800 |  | 78,018 |
Chinese Yuan |  | ¥494,500 |  | 77,358 |
Polish Zloty |  | PLN219,800 |  | 54,014 |
Brazilian Real |  | R$286,500 |  | 50,894 |
Japanese Yen |  | ¥5,548,700 |  | 48,206 |
British Pound |  | £34,740 |  | 46,881 |
Israeli Shekel |  | ILS54,110 |  | 17,416 |
Mexican Peso |  | M$311,500 |  | 15,133 |
Swiss Franc |  | CHF9,950 |  | 10,883 |
Australian Dollar |  | A$6,900 |  | 5,009 |
|  |  |  | $ | 590,170 |
|  | December 31, 2020
|  | Local Currency Amount |  | Notional Contract Amount (USD)
Euro |  | €126,300 |  | $ | 155,125 |
Chinese Yuan |  | ¥936,000 |  | 143,393 |
Canadian Dollar |  | C$65,000 |  | 50,791 |
British Pound |  | £32,300 |  | 43,879 |
Japanese Yen |  | ¥4,249,000 |  | 41,222 |
Brazilian Real |  | R$142,000 |  | 27,264 |
Israeli Shekel |  | ILS74,000 |  |  | 23,094 |
Mexican Peso |  | M$140,000 |  | 7,002 |
Australian Dollar |  | A$5,800 |  | 4,447 |
Swiss Franc |  | CHF3,700 |  | 4,191 |
|  |  |  | $ | 500,408 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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