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MARKETABLE SECURITIES | 6 Months Ended
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Jun. 30, 2024
Cash and Cash Equivalents [Abstract] |
Marketable Securities | MARKETABLE SECURITIES The Company has elected the fair value option for its marketable debt securities and records these instruments on the Condensed Consolidated Balance Sheet at their fair value including interest income. Changes in fair value and interest income are recorded in Other income in the Condensed Consolidated Statements of Operations and Comprehensive Income. The fair value option was elected for these marketable debt securities, as the Company may sell them prior to their stated maturities after consideration of the Company’s risk versus reward objectives, as well as its liquidity requirements. The stated contractual maturity dates of marketable debt securities held as of June 30, 2024 and December 31, 2023 are due in one to two years. Marketable equity securities are measured at fair value as of each reporting date, and realized and unrealized gains (losses) and interest income are recorded in Other income in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). The following table summarizes our marketable securities by significant investment categories:
| Cost Basis |  | Gross Unrealized Losses |  | Gross Unrealized Gains |  | Fair Value
June 30, 2024 |  |  |  |  |  |  |
Marketable debt securities(1) | $ | 119,416 |  |  | $ | — |  |  | $ | 1,360 |  |  | $ | 120,776 |
Marketable equity securities | 28,159 |  |  | (2,280) |  |  | — |  |  | 25,879 |
Total marketable securities | $ | 147,575 |  |  | $ | (2,280) |  |  | $ | 1,360 |  |  | $ | 146,655 |
December 31, 2023 |  |  |  |  |  |  |
Marketable debt securities(1) | $ | 106,791 |  |  | $ | — |  |  | $ | 675 |  |  | $ | 107,466 |
Marketable equity securities | 28,159 |  |  | (2,581) |  |  | — |  |  | 25,578 |
Total marketable securities | $ | 134,950 |  |  | $ | (2,581) |  |  | $ | 675 |  |  | $ | 133,044 |
(1) Marketable debt securities are comprised primarily of U.S. Treasury Bills and Government Agency Bonds.

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