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CASH, CASH EQUIVALENTS AND INVESTMENTS (Tables)
 9 Months Ended
Sep. 30, 2025
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, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Cash accounts in banking institutions

 

$

116,713

 

 

$

—

 

 

$

—

 

 

$

116,713

 

Money market accounts

 

 

4,896

 

 

 

—

 

 

 

—

 

 

 

4,896

 

 

 

$

121,609

 

 

$

—

 

 

$

—

 

 

$

121,609

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Cash accounts in banking institutions

 

$

96,318

 

 

$

—

 

 

$

—

 

 

$

96,318

 

Money market accounts

 

 

2,662

 

 

 

—

 

 

 

—

 

 

 

2,662

 

 

 

$

98,980

 

 

$

—

 

 

$

—

 

 

$

98,980

 
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, 2025

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

472,554

 

 

$

1,204

 

 

$

(40

)

 

$

473,718

 

Marketable equity securities (1)

 

 

4,606

 

 

 

3,056

 

 

 

(14

)

 

 

7,648

 

 

 

$

477,160

 

 

$

4,260

 

 

$

(54

)

 

$

481,366

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

392,778

 

 

$

758

 

 

$

—

 

 

$

393,536

 

Marketable equity securities (1)

 

 

142

 

 

 

12

 

 

 

—

 

 

 

154

 

 

 

$

392,920

 

 

$

770

 

 

$

—

 

 

$

393,690

 

 

(1)
Changes in aggregate fair market value recorded in other income, 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, 2025

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

395,293

 

 

$

2,102

 

 

$

(12

)

 

$

397,383

 

 

 

$

395,293

 

 

$

2,102

 

 

$

(12

)

 

$

397,383

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

434,766

 

 

$

1,302

 

 

$

(595

)

 

$

435,473

 

 

 

$

434,766

 

 

$

1,302

 

 

$

(595

)

 

$

435,473