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CASH, CASH EQUIVALENTS AND INVESTMENTS (Tables) | 9 Months Ended
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Sep. 30, 2024
Cash and Cash Equivalents [Abstract] |
Schedule of Cash, Cash Equivalents | The following table provides details regarding the Company’s portfolio of cash and cash equivalents (in thousands):
|  | Cost or |  |  | Unrealized |  |  | Aggregate Fair |
Cash and Cash Equivalents Classification |  | Amortized Cost |  |  | Gains |  |  | (Losses) |  |  | Market Value |
September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Cash accounts in banking institutions |  | $ | 78,291 |  |  | $ | — |  |  | $ | — |  |  | $ | 78,291 |
Money market accounts |  |  | 1,268 |  |  |  | — |  |  |  | — |  |  |  | 1,268 |
|  | $ | 79,559 |  |  | $ | — |  |  | $ | — |  |  | $ | 79,559 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Cash accounts in banking institutions |  | $ | 91,717 |  |  | $ | — |  |  | $ | — |  |  | $ | 91,717 |
Money market accounts |  |  | 268 |  |  |  | — |  |  |  | — |  |  |  | 268 |
|  | $ | 91,985 |  |  | $ | — |  |  | $ | — |  |  | $ | 91,985 |
Schedule of Investments | The following table provides details regarding the Company’s portfolio of short-term investments (in thousands):
|  | Cost or |  |  | Unrealized |  |  | Aggregate Fair |
Short-term Investments Classification |  | Amortized Cost |  |  | Gains |  |  | (Losses) |  |  | Market Value |
September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government bonds |  | $ | 470,797 |  |  | $ | 1,106 |  |  | $ | (41 | ) |  | $ | 471,862 |
Marketable securities (1) |  |  | 123 |  |  |  | — |  |  |  | — |  |  |  | 131 |
|  | $ | 470,920 |  |  | $ | 1,106 |  |  | $ | (41 | ) |  | $ | 471,993 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Corporate bonds |  | $ | 1,763 |  |  | $ | 1 |  |  | $ | (5 | ) |  | $ | 1,759 |
U.S. Government bonds |  |  | 420,769 |  |  |  | 303 |  |  |  | (694 | ) |  |  | 420,378 |
|  | $ | 422,532 |  |  | $ | 304 |  |  | $ | (699 | ) |  | $ | 422,137 |
(1) Changes in aggregate fair market value recorded in other income (loss), net on the Consolidated Statements of Income. Long-term U.S. Government Bond Investments The following table provides details regarding the Company’s portfolio of long-term investments (in thousands):
|  | Cost or |  |  | Unrealized |  |  | Aggregate Fair |
Long-term Investments Classification |  | Amortized Cost |  |  | Gains |  |  | (Losses) |  |  | Market Value |
September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government bonds |  | $ | 374,706 |  |  | $ | 4,136 |  |  | $ | (31 | ) |  | $ | 378,811 |
|  | $ | 374,706 |  |  | $ | 4,136 |  |  | $ | (31 | ) |  | $ | 378,811 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government bonds |  | $ | 284,053 |  |  | $ | 1,457 |  |  | $ | (8 | ) |  | $ | 285,502 |
|  | $ | 284,053 |  |  | $ | 1,457 |  |  | $ | (8 | ) |  | $ | 285,502 |

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