XML 50 R29.htm IDEA: XBRL DOCUMENT v3.22.4
Investments (Tables)
12 Months Ended
Dec. 31, 2022
Investments Debt And Equity Securities [Abstract]  
Schedule of Investments

Investments consist of the following:

 

 

 

 

 

 

 

Gross Unrealized

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Losses

 

 

 

 

 

 

 

Amortized

 

 

 

 

 

 

Less than

 

 

Greater than

 

 

Estimated

 

December 31, 2022

 

Cost

 

 

Gains

 

 

One Year

 

 

One Year

 

 

Fair Value

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

145,421

 

 

$

 

 

$

(432

)

 

$

(2,054

)

 

$

142,935

 

U.S. government and agency debt securities

 

 

143,710

 

 

 

16

 

 

 

(266

)

 

 

(1,289

)

 

 

142,171

 

Non-U.S. government debt securities

 

 

31,452

 

 

 

 

 

 

(20

)

 

 

(546

)

 

 

30,886

 

Total short-term investments

 

 

320,583

 

 

 

16

 

 

 

(718

)

 

 

(3,889

)

 

 

315,992

 

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

68,229

 

 

 

 

 

 

(1,550

)

 

 

(676

)

 

 

66,003

 

U.S. government and agency debt securities

 

 

62,220

 

 

 

 

 

 

(917

)

 

 

(1,424

)

 

 

59,879

 

Non-U.S. government debt securities

 

 

4,099

 

 

 

 

 

 

 

 

 

(191

)

 

 

3,908

 

 

 

 

134,548

 

 

 

 

 

 

(2,467

)

 

 

(2,291

)

 

 

129,790

 

Held-to-maturity securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

1,820

 

 

 

 

 

 

 

 

 

 

 

 

1,820

 

Total long-term investments

 

 

136,368

 

 

 

 

 

 

(2,467

)

 

 

(2,291

)

 

 

131,610

 

Total investments

 

$

456,951

 

 

$

16

 

 

$

(3,185

)

 

$

(6,180

)

 

$

447,602

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

$

85,201

 

 

$

177

 

 

$

(39

)

 

$

 

 

$

85,339

 

U.S. government and agency debt securities

 

 

45,349

 

 

 

35

 

 

 

(24

)

 

 

 

 

 

45,360

 

Non-U.S. government debt securities

 

 

68,046

 

 

 

75

 

 

 

(53

)

 

 

 

 

 

68,068

 

Total short-term investments

 

 

198,596

 

 

 

287

 

 

 

(116

)

 

 

 

 

 

198,767

 

Long-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate debt securities

 

 

111,793

 

 

 

 

 

 

(654

)

 

 

 

 

 

111,139

 

U.S. government and agency debt securities

 

 

81,296

 

 

 

 

 

 

(517

)

 

 

 

 

 

80,779

 

Non-U.S. government debt securities

 

 

35,902

 

 

 

 

 

 

(210

)

 

 

 

 

 

35,692

 

 

 

 

228,991

 

 

 

 

 

 

(1,381

)

 

 

 

 

 

227,610

 

Held-to-maturity securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

 

1,820

 

 

 

 

 

 

 

 

 

 

 

 

1,820

 

Total long-term investments

 

 

230,811

 

 

 

 

 

 

(1,381

)

 

 

 

 

 

229,430

 

Total investments

 

$

429,407

 

 

$

287

 

 

$

(1,497

)

 

$

 

 

$

428,197

 

Schedule of Proceeds from Sales and Maturities of Marketable Securities Plus Resulting Realized Gains and Losses

Realized gains and losses on the sales and maturities of investments, which were identified using the specific identification method, were as follows:

 

 

 

Year Ended December 31,

 

(In thousands)

 

2022

 

 

2021

 

 

2020

 

Proceeds from the sales and maturities of investments

 

$

281,627

 

 

$

295,010

 

 

$

253,001

 

Realized gains

 

$

 

 

$

34

 

 

$

76

 

Realized losses

 

$

529

 

 

$

977

 

 

$

977

 

Schedule of Contractual Maturities of Available-for-Sale and Held-to-Maturity Securities

 

The Company’s available‑for‑sale and held‑to‑maturity securities at December 31, 2022 had contractual maturities in the following periods:

 

 

 

Available-for-sale

 

 

Held-to-maturity

 

 

 

Amortized

 

 

Estimated

 

 

Amortized

 

 

Estimated

 

(In thousands)

 

Cost

 

 

Fair Value

 

 

Cost

 

 

Fair Value

 

Within 1 year

 

$

318,592

 

 

$

313,994

 

 

$

1,820

 

 

$

1,820

 

After 1 year through 5 years

 

 

136,539

 

 

 

131,788

 

 

 

 

 

 

 

Total

 

$

455,131

 

 

$

445,782

 

 

$

1,820

 

 

$

1,820