XML 37 R24.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2024
Financial Instruments  
Schedule of available-for-sale securities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2024

​

December 31, 2023

​

    

Amortized
Cost

    

Gross
Unrealized
Gain

    

Gross
Unrealized
(Loss)

    

Estimated Fair Value

    

Amortized
Cost

    

Gross
Unrealized
Gain

    

Gross
Unrealized
(Loss)

 

Estimated Fair Value

​

​

(in thousands)

 

​

​

Cash, cash equivalents and restricted cash (2)

​

$

813,817

​

$

—

​

$

—

​

$

813,817

​

$

642,095

​

$

—

​

$

—

​

$

642,095

U.S. Treasury securities (1)

​

 

34,996

​

 

—

​

​

(531)

​

 

34,465

​

 

201,522

​

 

14

​

 

(1,118)

​

 

200,418

Municipal securities (1)

​

​

36,013

​

​

1

​

​

(1,358)

​

​

34,656

​

​

38,091

​

​

—

​

​

(1,627)

​

​

36,464

Total

​

$

884,826

​

$

1

​

$

(1,889)

​

$

882,938

​

$

881,708

​

$

14

​

$

(2,745)

​

$

878,977

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Classified as:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Cash, cash equivalents and restricted cash (2)

​

​

​

​

​

​

​

​

​

​

​

813,817

​

​

​

​

​

​

​

​

​

​

​

642,095

Short-term investments

​

​

​

​

​

​

​

​

​

​

​

69,121

​

​

​

​

​

​

​

​

​

​

​

236,882

Total

​

​

​

​

​

​

​

​

​

​

$

882,938

​

​

​

​

​

​

​

​

​

​

$

878,977

​

(1)Per the Company’s investment policy, all debt securities are classified as short-term investments irrespective of holding period.  
(2)Cash equivalents includes liquid demand deposits, money market funds, and other liquid investments having an original maturity of less than three months.
Schedule of debt securities available-for-sale in unrealized loss position

​

​

​

​

​

​

​

​

​

​

Total

​

​

Fair Value

​

Unrealized Loss

​

​

(in thousands)

U.S. Treasury securities

​

$

34,465

​

$

(531)

Municipal securities

​

​

31,222

​

​

(1,358)

Total

​

$

65,687

​

$

(1,889)

Summarized portfolio of available-for-sale securities by contractual maturity

​

​

​

​

​

​

​

​

​

​

March 31, 2024

​

​

Amortized
Cost

​

Fair
Value

​

​

(in thousands)

Less than or equal to one year

​

$

52,960

​

$

52,032

Greater than one year but less than five years

​

​

18,049

​

​

17,089

Total

​

$

71,009

​

$

69,121

​