CASH, CASH EQUIVALENTS AND INVESTMENTS

6 Months Ended

Jun. 30, 2020

Cash And Cash Equivalents [Abstract]

3.	CASH, CASH EQUIVALENTS AND INVESTMENTS:

The Company’s portfolio of fixed income securities consists of term bank certificates of deposit and U.S. Government bonds. The Company considers all highly liquid debt instruments purchased with an original maturity (maturity at the purchase date) of three months or less to be cash equivalents. The Company classifies its remaining debt security investments as available-for-sale. These debt securities are carried at fair market value, with unrealized gains and losses reported in shareholders’ equity. Gains or losses on securities sold are based on the specific identification method.

Cash and Cash Equivalents

The following table provides details regarding the Company’s portfolio of cash and cash equivalents (in thousands):

	Amortized		Unrealized				Aggregate Fair
Cash and Cash Equivalents Classification	Cost		Gains		(Losses)		Market Value
June 30, 2020
Cash accounts in banking institutions	$	112,887	$	—	$	—	$	112,887
Money market accounts		20,679		—		—		20,679
	$	133,566	$	—	$	—	$	133,566
December 31, 2019
Cash accounts in banking institutions	$	119,272	$	—	$	—	$	119,272
Money market accounts		12,355		—		—		12,355
	$	131,627	$	—	$	—	$	131,627

Short-term Investments

The following table provides details regarding the Company’s portfolio of short-term investments (in thousands):

	Amortized		Unrealized					Aggregate Fair
Short-term Investments Classification	Cost		Gains		(Losses)			Market Value
June 30, 2020
Certificates of deposit	$	700	$	2	$	—		$	702
U.S. Government bonds		508,329		1,428		(4	)		509,753
	$	509,029	$	1,430	$	(4	)	$	510,455
December 31, 2019
Certificates of deposit	$	700	$	—	$	—		$	700
U.S. Government bonds		513,577		190		(6	)		513,761
	$	514,277	$	190	$	(6	)	$	514,461

Minority Investments

The Company’s portfolio of minority investments consists of investments in privately held early stage companies primarily motivated to gain early access to new technology and are passive in nature in that the Company does not obtain representation on the board of directors of the companies in which it invests. As of June 30, 2020, the Company had one minority investment with a carrying value of $5.0 million accounted for as an equity security without a readily determinable fair value.