MARKETABLE SECURITIES

6 Months Ended

Jun. 30, 2020

Investments, Debt and Equity Securities [Abstract]

MARKETABLE SECURITIES

NOTE 3 — MARKETABLE SECURITIES:

The following table sets forth the Company’s marketable securities for the indicated periods:

	December 31,		June 30,
	2019		2020
Level 2 securities:
U.S government and agency bonds	$	2,499		-
Canada government bonds		999		-
Other foreign government bonds		3,521		3,523
Corporate bonds*		33,947		37,155
Total	$	40,966	$	40,678

* Investments in Corporate bonds rated A or higher.

The Company’s debt securities are classified within Level 2 because it uses quoted market prices or alternative pricing sources and models utilizing market observable inputs to determine their fair value.

The table below sets forth a summary of the changes in the fair value of the Company’s marketable securities for the indicated periods:

	Marketable securities
	For the year ended			For the Six Months
	December 31, 2019			ended June 30, 2020
Balance at beginning of the period	$	56,662		$	40,966
Additions		38,702			19,640
Sale or maturity		(54,333	)		(19,852	)
Changes in fair value during the period		(65	)		(76	)
Balance at end of the period	$	40,966		$	40,678

As of June 30, 2020, the Company’s debt securities had the following maturity dates:

	Market value
	June 30,
	2020
Due within one year		39,937
Between 1-2 years		741

The carrying amount of the cash and cash equivalents, bank deposits, restricted cash, restricted long term deposits, accrued expenses and other liabilities approximates their fair value.