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MARKETABLE SECURITIES | 12 Months Ended
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Dec. 31, 2022
Marketable Securities Abstract |
MARKETABLE SECURITIES | 5. MARKETABLE SECURITIES: Amortized cost and estimated fair market value of marketable securities classified as available-for-sale (excluding cash equivalents) at December 31, 2022, were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amortized | ​ | Gross Unrealized | ​ | Estimated Fair
(In thousands) |  | Cost |  | Gains |  | Losses |  | Market Value
Investments due in 3 months or less: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Corporate securities | ​ | $ | 21,803 | ​ | $ | — | ​ | $ | (135) | ​ | $ | 21,668
Total | ​ |  | 21,803 | ​ |  | — | ​ |  | (135) | ​ |  | 21,668
Investments due in 4-12 months: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Corporate securities | ​ |  | 173,833 | ​ |  | — | ​ |  | (4,019) | ​ |  | 169,814
Total | ​ |  | 173,833 | ​ |  | — | ​ |  | (4,019) | ​ |  | 169,814
Investments due in 12 months or greater: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Corporate securities | ​ |  | 58,128 | ​ |  | 71 | ​ |  | (1,240) | ​ |  | 56,959
Total | ​ | ​ | 58,128 | ​ |  | 71 | ​ | ​ | (1,240) | ​ |  | 56,959
Total marketable securities | ​ | $ | 253,764 | ​ | $ | 71 | ​ | $ | (5,394) | ​ | $ | 248,441
​ Accrued interest receivable was $1.2 million at December 31, 2022 and was recorded within prepaid expenses and other current assets on the consolidated balance sheet. Amortized cost and estimated fair market value of marketable securities classified as available-for-sale (excluding cash equivalents) at December 31, 2021, were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amortized | ​ | Gross Unrealized | ​ | Estimated Fair
(In thousands) |  | Cost |  | Gains |  | Losses |  | Market Value
Investments due in 3 months or less: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Commercial paper | ​ | $ | 89,965 | ​ | $ | — | ​ | $ | — | ​ | $ | 89,965
Corporate securities | ​ | ​ | 7,285 | ​ | ​ | — | ​ | ​ | (3) | ​ | ​ | 7,282
Total | ​ |  | 97,250 | ​ |  | — | ​ |  | (3) | ​ |  | 97,247
Investments due in 4-12 months: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Corporate securities | ​ |  | 25,054 | ​ |  | — | ​ |  | (42) | ​ |  | 25,012
Total | ​ |  | 25,054 | ​ |  | — | ​ |  | (42) | ​ |  | 25,012
Investments due in 12 months or greater: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Corporate securities | ​ | ​ | 251,096 | ​ |  | 21 | ​ |  | (1,141) | ​ |  | 249,976
Total | ​ |  | 251,096 | ​ |  | 21 | ​ |  | (1,141) | ​ |  | 249,976
Total marketable securities | ​ | $ | 373,400 | ​ | $ | 21 | ​ | $ | (1,186) | ​ | $ | 372,235
​ Accrued interest receivable was $1.5 million at December 31, 2021 and was recorded within prepaid expenses and other current assets on the consolidated balance sheet. ​ As of December 31, 2022 and 2021 the Company had no marketable securities classified as available-for-sale (excluding cash equivalents) in a continuous unrealized loss position for which an allowance for credit losses was recorded. The following table summarizes marketable securities classified as available-for-sale (excluding cash equivalents) in a continuous unrealized loss position for which an allowance for credit losses was not recorded at December 31, 2022 and December 31, 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less Than 12 Months | ​ | 12 Months or Longer | ​ | Total
​ |  | Estimated |  | Gross |  | Estimated |  | Gross |  | Estimated |  | Gross
​ | ​ | Fair Market | ​ | Unrealized | ​ | Fair Market | ​ | Unrealized | ​ | Fair Market | ​ | Unrealized
(In thousands) | ​ | Value | ​ | Losses | ​ | Value | ​ | Losses | ​ | Value | ​ | Losses
December 31, 2022 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Corporate securities | ​ | $ | 45,047 | ​ | $ | (662) | ​ | $ | 191,443 | ​ | $ | (4,732) | ​ | $ | 236,490 | ​ | $ | (5,394)
Total marketable securities | ​ | $ | 45,047 | ​ | $ | (662) | ​ | $ | 191,443 | ​ | $ | (4,732) | ​ | $ | 236,490 | ​ | $ | (5,394)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Less Than 12 Months | ​ | 12 Months or Longer | ​ | Total
​ |  | Estimated |  | Gross |  | Estimated |  | Gross |  | Estimated |  | Gross
​ | ​ | Fair Market | ​ | Unrealized | ​ | Fair Market | ​ | Unrealized | ​ | Fair Market | ​ | Unrealized
(In thousands) | ​ | Value | ​ | Losses | ​ | Value | ​ | Losses | ​ | Value | ​ | Losses
December 31, 2021 | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Corporate securities | ​ | $ | 274,380 | ​ | $ | (1,186) | ​ | $ | — | ​ | $ | — | ​ | $ | 274,380 | ​ | $ | (1,186)
Total marketable securities | ​ | $ | 274,380 | ​ | $ | (1,186) | ​ | $ | — | ​ | $ | — | ​ | $ | 274,380 | ​ | $ | (1,186)
​ The weighted average interest rate of investments at December 31, 2022 and 2021, was approximately 2.08% and 0.45%, respectively. In the years ended December 31, 2022 and 2021, no unrealized losses on marketable securities were recognized in income.

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