XML 43 R35.htm IDEA: XBRL DOCUMENT v3.26.1
CASH, CASH EQUIVALENTS AND INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2026
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

 

Cash and Cash Equivalents Classification

 

Amortized Cost

 

 

Gains

 

 

(Losses)

 

 

Fair Value

 

March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Cash accounts in banking institutions

 

$

158,165

 

 

$

—

 

 

$

—

 

 

$

158,165

 

Money market accounts

 

 

1,187

 

 

 

—

 

 

 

—

 

 

 

1,187

 

 

 

$

159,352

 

 

$

—

 

 

$

—

 

 

$

159,352

 

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

 
Schedule of 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

 

March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

349,892

 

 

$

899

 

 

$

(27

)

 

$

350,764

 

Marketable equity securities (1)

 

 

8,902

 

 

 

121

 

 

 

(2,731

)

 

 

6,292

 

 

 

$

358,794

 

 

$

1,020

 

 

$

(2,758

)

 

$

357,056

 

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

 

 

(1)
Changes in aggregate fair value recorded in other (loss) 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

 

Long-term Investments Classification

 

Amortized Cost

 

 

Gains

 

 

(Losses)

 

 

Fair Value

 

March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

395,790

 

 

$

303

 

 

$

(1,061

)

 

$

395,032

 

 

 

$

395,790

 

 

$

303

 

 

$

(1,061

)

 

$

395,032

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government bonds

 

$

351,125

 

 

$

1,873

 

 

$

(11

)

 

$

352,987

 

 

 

$

351,125

 

 

$

1,873

 

 

$

(11

)

 

$

352,987

 

 

 

As of March 31, 2026, 100% of the Company's long-term U.S. Government bonds had maturities between one and three years.