XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.25.4

CASH, CASH EQUIVALENTS AND INVESTMENTS | 12 Months Ended
--- | ---
Dec. 31, 2025
Cash and Cash Equivalents [Abstract] |
CASH, CASH EQUIVALENTS AND INVESTMENTS | 3. CASH, CASH EQUIVALENTS AND INVESTMENTS: The Company’s portfolio of marketable fixed income securities consists of 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 value, with unrealized gains and losses reported in accumulated other comprehensive income (loss) on the Consolidated Balance Sheets. 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):
|  | Cost or |  |  | Unrealized |  |  | Aggregate |
Cash and Cash Equivalents Classification |  | Amortized Cost |  |  | Gains |  |  | (Losses) |  |  | Fair Value |
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Cash accounts in banking institutions |  | $ | 110,892 |  |  | $ | — |  |  | $ | — |  |  | $ | 110,892 |
US Government bonds |  | $ | 26,479 |  |  |  | — |  |  |  | — |  |  | $ | 26,479 |
Money market accounts |  |  | 982 |  |  |  | — |  |  |  | — |  |  |  | 982 |
|  | $ | 138,353 |  |  | $ | — |  |  | $ | — |  |  | $ | 138,353 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Cash accounts in banking institutions |  | $ | 96,318 |  |  | $ | — |  |  | $ | — |  |  | $ | 96,318 |
Money market accounts |  |  | 2,662 |  |  |  | — |  |  |  | — |  |  |  | 2,662 |
|  | $ | 98,980 |  |  | $ | — |  |  | $ | — |  |  | $ | 98,980 |
Short-term Investments The following table provides details regarding the Company’s portfolio of short-term investments (in thousands):
|  | Cost or |  |  | Unrealized |  |  | Aggregate |
Short-term Investments Classification |  | Amortized Cost |  |  | Gains |  |  | (Losses) |  |  | Fair Value |
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government bonds |  | $ | 453,812 |  |  | $ | 1,592 |  |  | $ | (6 | ) |  | $ | 455,398 |
Marketable equity securities (1) |  |  | 4,677 |  |  |  | 3,943 |  |  |  | (14 | ) |  |  | 8,606 |
|  | $ | 458,489 |  |  | $ | 5,535 |  |  | $ | (20 | ) |  | $ | 464,004 |
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 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 |
Long-term Investments Classification |  | Amortized Cost |  |  | Gains |  |  | (Losses) |  |  | Fair Value |
December 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government bonds |  | $ | 351,125 |  |  | $ | 1,873 |  |  | $ | (11 | ) |  | $ | 352,987 |
|  | $ | 351,125 |  |  | $ | 1,873 |  |  | $ | (11 | ) |  | $ | 352,987 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government bonds |  |  | 434,766 |  |  |  | 1,302 |  |  |  | (595 | ) |  | $ | 435,473 |
|  | $ | 434,766 |  |  | $ | 1,302 |  |  | $ | (595 | ) |  | $ | 435,473 |
As of December 31, 2025, 100% of the Company's long-term U.S. Government bonds had maturities between one and three years. Minority Equity Investments and Convertible Notes The Company’s portfolio of minority equity investments and convertible notes consists of investments in privately held early-stage companies primarily motivated for the Company to gain early access to new technology and are passive in nature in that the Company typically does not seek to obtain representation on the boards of directors of the companies in which it invests. Minority equity investments and convertible notes are included in investments on the Consolidated Balance Sheets. As of both December 31, 2025 and 2024, the Company had minority equity investments in six entities, with a total carrying value of $22.0 million and $18.6 million, respectively, accounted for as equity securities without readily determinable fair values. As of both December 31, 2025 and 2024, the Company had two convertible note investments, with a total fair value of $2.0 million and $3.5 million, respectively, accounted for as available-for-sale debt securities without readily determinable fair values. During the years ended December 31, 2025 and 2024, the Company did not recognize an impairment in the value of its minority equity investments.

X
- References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
Name: | us-gaap_CashAndCashEquivalentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration