MARKETABLE SECURITIES (Tables)

12 Months Ended

Dec. 31, 2023

The Company’s marketable securities consisted of the following (in thousands):


	December 31, 2023
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale securities, short-term
Corporate debt securities	$	144,184	$	97	$	(191)	$	144,090
Government and agency - U.S. securities	32,470		82		(6)		32,546
Total available-for-sale securities, short-term	176,654		179		(197)		176,636
Available-for-sale securities, long-term
Corporate debt securities	57,240		320		(15)		57,545
Government and agency - U.S.	4,985		23		—		5,008
Total available-for-sale securities, long-term	62,225		343		(15)		62,553
Total available-for-sale securities	$	238,879	$	522	$	(212)	$	239,189


	December 31, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Available-for-sale securities, short-term
Corporate debt securities	$	30,174	$	—	$	(249)	$	29,925
Government and agency - U.S. securities	15,032		—		(357)		14,675
Asset-backed securities	3,006		—		(102)		2,904
Total available-for-sale securities, short-term	48,212		—		(708)		47,504
Available-for-sale securities, long-term
Corporate debt securities	15,880		—		(43)		15,837
Total available-for-sale securities, long-term	15,880		—		(43)		15,837
Total available-for-sale securities	$	64,092	$	—	$	(751)	$	63,341

Schedule of Unrealized

The following tables summarize the amount of unrealized losses, defined as the amount by which the amortized cost exceeds fair value, and the related fair value of available-for-sale marketable securities with unrealized losses, which have been segregated into two categories: those that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 or more months (in thousands):


	December 31, 2023
	Less than 12 Months				Greater than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Corporate debt securities	$	78,995	$	(152)	$	12,074	$	(54)	$	91,069	$	(206)

Government and agency - U.S. securities	5,585		(6)		—		—		5,585		(6)
Total	$	84,580	$	(158)	$	12,074	$	(54)	$	96,654	$	(212)


	December 31, 2022
	Less than 12 Months				Greater than 12 Months				Total
	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Corporate debt securities	$	29,515	$	(58)	$	16,247	$	(234)	$	45,762	$	(292)
Asset-backed securities	—		—		2,904		(102)		2,904		(102)
Government and agency - U.S. securities	3,026		(7)		11,649		(350)		14,675		(357)
Total	$	32,541	$	(65)	$	30,800	$	(686)	$	63,341	$	(751)