Note 8 - Cash, Cash Equivalents and Investments

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Financial Instruments Disclosure [Text Block]

8.  CASH, CASH EQUIVALENTS AND INVESTMENTS 

The following is a summary of the Company’s cash, cash equivalents and debt investments (in thousands):

	March 31,		December 31,
	2026		2025
Cash	$	932,144	$	969,628
Money market funds		130,786		129,674
Certificates of deposit		304,179		157,243
Auction-rate securities backed by student-loan notes		49		49
Total	$	1,367,158	$	1,256,594

	March 31,		December 31,
	2026		2025
Reported as:
Cash and cash equivalents	$	1,062,930	$	1,099,302
Short-term investments		304,179		157,243
Investment within other long-term assets		49		49
Total	$	1,367,158	$	1,256,594

The following table summarizes the contractual maturities of the short-term and long-term available-for-sale investments as of March 31, 2026 (in thousands):

	Amortized Cost		Fair Value
Due in less than 1 year	$	202,786	$	202,786
Due in 1 - 5 years		101,393		101,393
Due in greater than 5 years		50		49
Total	$	304,229	$	304,228

Gross realized gains and losses recognized on the sales of available-for-sale investments were not material for the periods presented.