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FAIR VALUE MEASUREMENTS - Schedule of fair value hierarchy of financial assets and liabilities measured at fair value on recurring basis (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables represent the fair value hierarchy of the Company's financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023:

						December 31, 2024
						Fair value measurements using input type
						Level 1						Level 2						Level 3						Total
Financial assets:
Money market funds						$	450,398					$	—					$	—					$	450,398
Marketable securities						282,384						62,344												344,728
Foreign currency derivative assets						—						13,144						—						13,144
Financial liabilities:
Foreign currency derivative liabilities						—						(2)						—						(2)
						$	732,782					$	75,486					$	—					$	808,268

						December 31, 2023
						Fair value measurements using input type
						Level 1						Level 2						Level 3						Total
Financial assets:
Money market funds						$	533,854					$	—					$	—					$	533,854
Marketable securities						22,721						182,648						—						205,369
Foreign currency derivative assets						—						15,059						—						15,059
Financial liabilities:
Foreign currency derivative liabilities						—						(7,868)						—						(7,868)
						$	556,575					$	189,839					$	—					$	746,414

In accordance with ASC 820, the Company measures its money market funds, marketable securities and foreign currency derivative contracts at fair value. Money market funds and marketable securities are classified within Level 1 or Level 2. This is because these assets are valued using quoted market prices for identical assets in active markets or alternative pricing sources and models utilizing market observable inputs. Foreign currency derivative contracts are classified within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments.

Fair Value, recurring

Financial liabilities:

Fair Value, Net Asset (Liability)

$ 808,268

$ 746,414

Fair Value, recurring | Money market funds

Financial assets:

Assets, Fair Value Disclosure

450,398

533,854

Fair Value, recurring | Marketable securities

Financial assets:

Assets, Fair Value Disclosure

344,728

205,369

Fair Value, recurring | Foreign currency derivative assets

Financial assets:

Assets, Fair Value Disclosure

13,144

15,059

Fair Value, recurring | Foreign currency derivative liabilities

Financial liabilities:

Financial Liabilities Fair Value Disclosure

(2)

(7,868)

Fair Value, recurring | Level 1

Financial liabilities:

Fair Value, Net Asset (Liability)

732,782

556,575

Fair Value, recurring | Level 1 | Money market funds

Financial assets:

Assets, Fair Value Disclosure

450,398

533,854

Fair Value, recurring | Level 1 | Marketable securities

Financial assets:

Assets, Fair Value Disclosure

282,384

22,721

Fair Value, recurring | Level 1 | Foreign currency derivative assets

Financial assets:

Assets, Fair Value Disclosure

0

0

Fair Value, recurring | Level 1 | Foreign currency derivative liabilities

Financial liabilities:

Financial Liabilities Fair Value Disclosure

0

0

Fair Value, recurring | Level 2

Financial liabilities:

Fair Value, Net Asset (Liability)

75,486

189,839

Fair Value, recurring | Level 2 | Money market funds

Financial assets:

Assets, Fair Value Disclosure

0

0

Fair Value, recurring | Level 2 | Marketable securities

Financial assets:

Assets, Fair Value Disclosure

62,344

182,648

Fair Value, recurring | Level 2 | Foreign currency derivative assets

Financial assets:

Assets, Fair Value Disclosure

13,144

15,059

Fair Value, recurring | Level 2 | Foreign currency derivative liabilities

Financial liabilities:

Financial Liabilities Fair Value Disclosure

(2)

(7,868)

Fair Value, recurring | Level 3

Financial liabilities:

Fair Value, Net Asset (Liability)

0

0

Fair Value, recurring | Level 3 | Money market funds

Financial assets:

Assets, Fair Value Disclosure

0

0

Fair Value, recurring | Level 3 | Marketable securities

Financial assets:

Assets, Fair Value Disclosure

0

Fair Value, recurring | Level 3 | Foreign currency derivative assets

Financial assets:

Assets, Fair Value Disclosure

0

0

Fair Value, recurring | Level 3 | Foreign currency derivative liabilities

Financial liabilities:

Financial Liabilities Fair Value Disclosure

$ 0

$ 0

X

- Definition

Fair value portion of asset recognized for present right to economic benefit.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-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 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
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+ 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
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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 2: 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 3: 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

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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

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