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Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2024
Investments, All Other Investments [Abstract]  
Cash and Cash Equivalents
The following tables summarize our cash and cash equivalents, and marketable securities recorded in our Consolidated Balance Sheets as of December 31, 2024 and 2023 (in thousands):
Reported as:
December 31, 2024Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair ValueCash and cash equivalentsMarketable securities, short-termMarketable securities, long-term
Cash$752,423 $— $— $752,423 $752,423 $— $— 
Money market funds291,464 — — 291,464 291,464 — — 
Total$1,043,887 $— $— $1,043,887 $1,043,887 $— $— 

We have no short-term or long-term marketable securities as of December 31, 2024.

Reported as:
December 31, 2023Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair ValueCash and cash equivalentsMarketable securities, short-termMarketable securities, long-term
Cash$887,682 $— $— $887,682 $887,682 $— $— 
Money market funds49,756 — — 49,756 49,756 — — 
Corporate bonds31,943 5 (676)31,272 — 28,704 2,568 
U.S. government treasury bonds
4,855 — (99)4,756 — — 4,756 
Asset-backed securities1,416 2 (1)1,417 — 719 698 
Municipal bonds702 — (2)700 — 700 — 
U.S. government agency bonds5,215 — (34)5,181 — 5,181 — 
Total$981,569 $7 $(812)$980,764 $937,438 $35,304 $8,022 
Marketable Securities
The following tables summarize our cash and cash equivalents, and marketable securities recorded in our Consolidated Balance Sheets as of December 31, 2024 and 2023 (in thousands):
Reported as:
December 31, 2024Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair ValueCash and cash equivalentsMarketable securities, short-termMarketable securities, long-term
Cash$752,423 $— $— $752,423 $752,423 $— $— 
Money market funds291,464 — — 291,464 291,464 — — 
Total$1,043,887 $— $— $1,043,887 $1,043,887 $— $— 

We have no short-term or long-term marketable securities as of December 31, 2024.

Reported as:
December 31, 2023Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair ValueCash and cash equivalentsMarketable securities, short-termMarketable securities, long-term
Cash$887,682 $— $— $887,682 $887,682 $— $— 
Money market funds49,756 — — 49,756 49,756 — — 
Corporate bonds31,943 5 (676)31,272 — 28,704 2,568 
U.S. government treasury bonds
4,855 — (99)4,756 — — 4,756 
Asset-backed securities1,416 2 (1)1,417 — 719 698 
Municipal bonds702 — (2)700 — 700 — 
U.S. government agency bonds5,215 — (34)5,181 — 5,181 — 
Total$981,569 $7 $(812)$980,764 $937,438 $35,304 $8,022 
Contractual Maturity of Marketable Securities
The following table summarizes the fair value of our available-for-sale marketable securities classified by contractual maturity as of December 31, 2023 (in thousands):

December 31, 2023
Due in 1 year or less $34,617 
Due in 1 year through 5 years8,709 
Total$43,326 
Unrealized Losses for Investments in a Continuous Unrealized Loss Position
The following table summarizes the gross unrealized losses as of December 31, 2023, aggregated by investment category and length of time that individual securities have been in a continuous loss position (in thousands):

As of December 31, 2023
Less than 12 months12 Months or GreaterTotal
December 31, 2023Fair ValueUnrealized LossFair ValueUnrealized LossFair ValueUnrealized Loss
Corporate bonds$— $— $27,939 $(676)$27,939 $(676)
U.S. government treasury bonds
2,044 (11)2,712 (88)4,756 (99)
Asset-backed securities1,018 (1)83 — 1,101 (1)
Municipal bonds— — 700 (2)700 (2)
U.S. government agency bonds4,003 (11)1,178 (23)5,181 (34)
Total$7,065 $(23)$32,612 $(789)$39,677 $(812)
Financial Assets Measured At Fair Value On A Recurring Basis
The following tables summarize our financial assets measured at fair value and categorized by fair value hierarchy as of December 31, 2024 and 2023 (in thousands):

Description
Balance as of December 31, 2024
Level 1
Level 2
Cash equivalents:
Money market funds$291,464 $291,464 $— 
$291,464 $291,464 $— 

Description
Balance as of December 31, 2023
Level 1
Level 2
Cash equivalents:
Money market funds$49,756 $49,756 $— 
Short-term investments:
Corporate bonds28,704 — 28,704 
Municipal bonds700 — 700 
U.S. government agency bonds5,181 — 5,181 
Asset-backed securities719 — 719 
Long-term investments:
U.S. government treasury bonds4,756 — 4,756 
Corporate bonds2,568 — 2,568 
Asset-backed securities698 — 698 
$93,082 $49,756 $43,326 
Schedule of Notional Amounts of Outstanding Derivative Positions
The following tables present the gross notional value of all our foreign exchange forward contracts outstanding as of December 31, 2024 and 2023 (in thousands):

December 31, 2024
Local Currency AmountNotional Contract Amount (USD)
Euro€176,080$183,172 
Polish ZlotyPLN283,00068,633 
Canadian DollarC$97,00067,446 
British Pound£37,60047,090 
Israeli ShekelILS90,05524,740 
Chinese Yuan¥164,50022,417 
Brazilian RealR$83,10013,327 
Japanese Yen¥2,000,00012,778 
Swiss FrancCHF5,7006,314 
New Zealand DollarNZ$7,0003,924 
Czech KorunaKč72,8003,004 
Australian DollarA$3,8002,355 
New Taiwan DollarNT$58,7001,786 
Korean Won₩2,000,0001,361 
$458,347 

December 31, 2023
Local Currency AmountNotional Contract Amount (USD)
Euro€337,780$373,705 
Canadian DollarC$108,90082,166 
Polish ZlotyPLN276,90070,393 
British Pound£45,59058,005 
Chinese Yuan¥244,50034,361 
Swiss FrancCHF28,60034,132 
Japanese Yen¥3,577,00025,347 
Israeli ShekelILS78,70021,800 
Brazilian RealR$80,50016,563 
Mexican PesoM$230,00013,593 
New Zealand DollarNZ$6,6004,161 
Australian DollarA$4,3002,921 
New Taiwan DollarNT$89,0002,919 
Czech KorunaKč60,2002,687 
Korean Won₩2,200,0001,709 
$744,462