General (Tables)

9 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Derivative instruments measured at fair value and their classification on the condensed consolidated balance sheets are presented in the following table (in thousands):

 

	Assets (liabilities) as of September 30, 2023 (unaudited)				Liabilities as of December 31, 2022
	Notional Amount		Fair Value		Notional Amount		Fair Value
Foreign exchange forward contract derivatives in cash flow hedging relationships included in prepaid expenses and other current assets	$	63,611	$	300	$	—	$	—
Foreign exchange forward contract derivatives in cash flow hedging relationships included in accrued expenses and other short-term liabilities	$	72,445	$	(8,931)	$	136,426	$	(7,221)
Foreign exchange forward contract derivatives in cash flow hedging relationships included in long-term other assets	$	32,104	$	83	$	—	$	—
Foreign exchange forward contract derivatives in cash flow hedging relationships included in long-term other liabilities	$	135,449	$	(4,788)	$	107,210	$	(2,060)
Foreign exchange forward contract derivatives for monetary items included in prepaid expenses and other current assets	$	3,249	$	3	$	—	$	—
Foreign exchange forward contract derivatives for monetary items included in accrued expenses and other short-term liabilities	$	16,418	$	(40)	$	32,066	$	(226)

Cash, Cash Equivalents and Investments

Cash, cash equivalents, marketable securities and deposits consist of the following (in thousands):

 

	As of September 30, 2023
	(unaudited)
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Cash equivalents
Money market funds	$	41,709	$	—	$	—	$	41,709
Total	$	41,709	$	—	$	—	$	41,709
Marketable securities
US Treasury securities	$	267,237	$	—	$	(363)	$	266,874
US Government Agency securities	55,995		—		(101)		55,894
Commercial paper	10,458		—		(7)		10,451
Corporate bonds	4,489		—		(3)		4,486
Total	$	338,179	$	—	$	(474)	$	337,705
Short-term deposits
Term bank deposits	$	76,186	$	—	$	—	$	76,186
Total	$	76,186	$	—	$	—	$	76,186
Long-term marketable securities
US Treasury securities	$	196,829	$	—	$	(335)	$	196,494
US Government Agency securities	9,965		—		(19)		9,946
Total	$	206,794	$	—	$	(354)	$	206,440

	As of December 31, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Cash equivalents
Money market funds	$	278,022	$	—	$	—	$	278,022
Total	$	278,022	$	—	$	—	$	278,022
Marketable securities
US Treasury securities	$	159,165	$	2	$	(211)	$	158,956
US Government Agency securities	55,967		5		(72)		55,900
Commercial paper	13,679		—		—		13,679
Corporate bonds	7,804		4		(5)		7,803
Total	$	236,615	$	11	$	(288)	$	236,338
Short-term deposits
Term bank deposits	$	128,350	$	—	$	—	$	128,350
Total	$	128,350	$	—	$	—	$	128,350