Marketable Securities

6 Months Ended

Jun. 30, 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:


	June 30, 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	$	23,605	$	527	$	24,132	$	17,122	$	(975	)	$	16,147
U.S. treasuries		88,761		43		88,804		72,989		147			73,136
Commercial paper		13,415		6		13,421		66,808		97			66,905
Corporate debt securities		225,620		187		225,807		327,448		557			328,005
Contractual maturity of 1 to 3 years:
U.S. treasuries		68,691		156		68,847		58,218		(406	)		57,812
Corporate debt securities		68,266		184		68,450		69,726		(42	)		69,684
Total	$	488,358	$	1,103	$	489,461	$	612,311	$	(622	)	$	611,689

Allowance for credit losses or impairment on these marketable securities has 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. The change in fair value is primarily due to changes in interest and foreign exchange rates.