XML 58 R13.htm IDEA: XBRL DOCUMENT v3.23.1

SHORT-TERM INVESTMENTS

12 Months Ended

Dec. 31, 2022

Investments, Debt and Equity Securities [Abstract]

SHORT-TERM INVESTMENTS

SHORT-TERM INVESTMENTS

Short-term investments include marketable securities in the amount of $1,012,286 and $1,041,589 as of December 31, 2022 and 2021, respectively and short-term bank deposits in the amounts of $29,657 and $4,507 as of December 31, 2022 and 2021, respectively.

The following table summarizes amortized costs, gross unrealized gains and losses and estimated fair values of available-for-sale marketable securities as of December 31, 2022 and 2021:

			Amortized cost												Gross unrealized gains												Gross unrealized losses												Estimated fair value (Level 2 within the fair value hierarchy)
			December 31,												December 31,												December 31,												December 31,
			2022						2021						2022						2021						2022						2021						2022						2021
Corporate debentures			$	986,803					$	1,012,615					$	180					$	3,883					$	(37,408)					$	(5,560)					$	949,574					$	1,010,939
U.S. Treasuries			42,317						14,658						96						156						(984)						—						41,428						14,815
U.S. Government Agencies			22,238						16,005						12						—						(968)						(169)						21,284						15,835
			$	1,051,358					$	1,043,278					$	288					$	4,039					$	(39,360)					$	(5,729)					$	1,012,286					$	1,041,589

The scheduled maturities of available-for-sale marketable securities as of December 31, 2022 are as follows:

			Amortized cost						Estimated fair value
Due within one year			$	347,284					$	340,514
Due after one year through five years			704,074						671,772
			$	1,051,358					$	1,012,286

Investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values as of December 31, 2022 and 2021 are as indicated in the following tables:

			December 31, 2022
			Investments with continuous unrealized losses for less than 12 months												Investments with continuous unrealized losses for 12 months or greater												Total Investments with continuous unrealized losses
			Fair value						Unrealized losses						Fair value						Unrealized losses						Fair value						Unrealized losses
Corporate debentures			$	404,393					$	(14,198)					$	508,180					$	(23,210)					$	912,573					$	(37,408)
U.S. Treasuries			32,501						(984)						—						—						32,501						(984)
U.S. Government Agencies			3,344						(157)						15,195						(811)						18,539						(968)
			$	440,238					$	(15,339)					$	523,375					$	(24,021)					$	963,613					$	(39,360)

			December 31, 2021
			Investments with continuous unrealized losses for less than 12 months												Investments with continuous unrealized losses for 12 months or greater												Total Investments with continuous unrealized losses
			Fair value						Unrealized losses						Fair value						Unrealized losses						Fair value						Unrealized losses
Corporate debentures			$	494,731					$	(4,413)					$	156,840					$	(1,147)					$	651,571					$	(5,560)
U.S. Treasuries			—						—						—						—						—						—
U.S. Government Agencies			15,835						(169)						—						—						15,835						(169)
			$	510,566					$	(4,582)					$	156,840					$	(1,147)					$	667,406					$	(5,729)

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-URI https://asc.fasb.org/subtopic&trid=2209399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI https://asc.fasb.org/subtopic&trid=2324412

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI https://asc.fasb.org/topic&trid=2196928

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-URI https://asc.fasb.org/subtopic&trid=2176304

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1403
-Paragraph (b)

+ Details

Name:	us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration