Marketable Securities

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Marketable securities:

Amortized cost, unrealized gain (loss) recognized in accumulated other comprehensive loss and fair value of available-for-sale securities consisted of the following:


	March 31, 2025							December 31, 2024
	Amortized Cost		Unrealized Gain (Loss)			Fair Value		Amortized Cost		Unrealized Gain (Loss)			Fair Value
Contractual maturity of 0 to 1 years:
Guaranteed investment certificates	$	16,426	$	(530	)	$	15,896	$	17,122	$	(975	)	$	16,147
U.S. treasuries		78,204		110			78,314		72,989		147			73,136
Commercial paper		37,922		48			37,970		66,808		97			66,905
Corporate debt securities		300,483		309			300,792		327,448		557			328,005
Contractual maturity of 1 to 3 years:
U.S. treasuries		58,675		13			58,688		58,218		(406	)		57,812
Corporate debt securities		82,606		204			82,810		69,726		(42	)		69,684
Total	$	574,316	$	154		$	574,470	$	612,311	$	(622	)	$	611,689

Allowance for credit losses or impairment on these marketable securities have not been recognized as these securities are high credit quality, investment grade securities that the Company does not intend to sell and will not be required to sell prior to their anticipated recovery, and the decline in fair value is primarily due to changes in interest rates.