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CASH, CASH EQUIVALENTS AND INVESTMENTS | 9 Months Ended
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Sep. 30, 2021
Cash And Cash Equivalents [Abstract] |
CASH, CASH EQUIVALENTS AND INVESTMENTS | 3. CASH, CASH EQUIVALENTS AND INVESTMENTS: The Company’s portfolio of fixed income securities consists of term bank certificates of deposit, U.S. Government bonds, corporate bonds and convertible notes. 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 |
September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Cash accounts in banking institutions |  | $ | 222,833 |  |  | $ | — |  |  | $ | — |  |  | $ | 222,833 |
Money market accounts |  |  | 17,339 |  |  |  | — |  |  |  | — |  |  |  | 17,339 |
U.S. Government bonds |  |  | 294,988 |  |  |  | — |  |  |  | (3 | ) |  |  | 294,985 |
|  | $ | 535,160 |  |  | $ | — |  |  | $ | (3 | ) |  | $ | 535,157 |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Cash accounts in banking institutions |  | $ | 163,779 |  |  | $ | — |  |  | $ | — |  |  | $ | 163,779 |
Money market accounts |  |  | 17,261 |  |  |  | — |  |  |  | — |  |  |  | 17,261 |
U.S. Government bonds |  |  | 448,970 |  |  |  | 6 |  |  |  | (4 | ) |  |  | 448,972 |
|  | $ | 630,010 |  |  | $ | 6 |  |  | $ | (4 | ) |  | $ | 630,012 |
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 |
September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  | $ | 480 |  |  | $ | — |  |  | $ | — |  |  | $ | 480 |
Corporate bonds |  |  | 253,279 |  |  |  | 43 |  |  |  | (16 | ) |  |  | 253,306 |
|  | $ | 253,759 |  |  | $ | 43 |  |  | $ | (16 | ) |  | $ | 253,786 |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government bonds |  | $ | 99,929 |  |  | $ | 67 |  |  | $ | — |  |  | $ | 99,996 |
|  | $ | 99,929 |  |  | $ | 67 |  |  | $ | — |  |  | $ | 99,996 |
Minority Investments and Convertible Notes The Company’s portfolio of minority investments and convertible notes consist 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. Minority investments and convertible notes are included in investments on the Consolidated Balance Sheets. As of September 30, 2021, the Company had two minority investments with a total carrying value of $8.0 million accounted for as equity securities without readily determinable fair values. As of September 30, 2021, the Company had one convertible note investment with a fair value of $500,000 accounted for as an available-for-sale debt security with a level 3 fair value measurement.

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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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