General (Tables)

9 Months Ended

Sep. 30, 2024

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, 2024 (unaudited)				Assets (liabilities) as of December 31, 2023
	Notional Amount		Fair Value		Notional Amount		Fair Value
Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in prepaid expenses and other short-term assets	$	48,946	$	837	$	128,411	$	3,372
Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in accrued expenses and other short-term liabilities	$	98,387	$	(501)	$	—	$	—
Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in long-term other assets	$	91,709	$	1,570	$	33,233	$	519
Foreign exchange forward contract derivatives in cash flow hedging relationships for operating expenses included in long-term other liabilities	$	32,976	$	(219)	$	102,216	$	(1,624)
Foreign exchange forward contract derivatives in cash flow hedging relationships for revenues included in accrued expenses and other short-term liabilities	$	48,653	$	(1,407)	$	—	$	—
Foreign exchange forward contract derivatives for monetary items included in prepaid expenses and other short-term assets	$	—	$	—	$	39,155	$	36
Foreign exchange forward contract derivatives for monetary items included in accrued expenses and other short-term liabilities	$	—	$	—	$	5,213	$	(7)

Schedule of Cash, Cash Equivalents and Investments

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

 

	As of September 30, 2024
	(unaudited)
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Cash equivalents
Money market funds	$	110,679	$	—	$	—	$	110,679
Total	$	110,679	$	—	$	—	$	110,679
Marketable securities
US Treasury securities	$	551,058	$	1,504	$	—	$	552,562
US Government Agency securities	9,994		12		—		10,006
Total	$	561,052	$	1,516	$	—	$	562,568
Short-term deposits
Term bank deposits	$	34,174	$	—	$	—	$	34,174
Total	$	34,174	$	—	$	—	$	34,174
Long-term marketable securities
US Treasury securities	$	332,455	$	3	$	(129)	$	332,329
Total	$	332,455	$	3	$	(129)	$	332,329

	As of December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Cash equivalents
Money market funds	$	164,848	$	—	$	—	$	164,848
Total	$	164,848	$	—	$	—	$	164,848
Marketable securities
US Treasury securities	$	242,633	$	530	$	(1)	$	243,162
US Government Agency securities	9,972		41		—		10,013
Total	$	252,605	$	571	$	(1)	$	253,175
Short-term deposits
Term bank deposits	$	49,800	$	—	$	—	$	49,800
Total	$	49,800	$	—	$	—	$	49,800
Long-term marketable securities
US Treasury securities	$	209,961	$	1,102	$	—	$	211,063
Total	$	209,961	$	1,102	$	—	$	211,063