Cash And Cash Equivalents, Restricted Cash And Short-term Investments

12 Months Ended

Dec. 31, 2024

Cash and Cash Equivalents [Abstract]

Cash And Cash Equivalents, Restricted Cash And Short-term Investments

CASH AND CASH EQUIVALENTS, RESTRICTED CASH AND SHORT-TERM INVESTMENTS:

The following table disaggregates the Company's cash, cash equivalents and restricted cash, which reconciles to the total shown on the Consolidated Statements of Cash Flows:

	December 31,
	2024		2023
Cash and Cash Equivalents	$	408,240	$	199,371
Restricted Cash - Current(1)	39,302		43,897
Cash and Cash Equivalents and Restricted Cash	$	447,542	$	243,268

(1) Restricted Cash - Current is included in Other Current Assets in the accompanying Consolidated Balance Sheets.

The Company has invested in marketable debt securities, primarily comprised of highly liquid U.S. Treasury securities. These investments are held in the custody of financial institutions. The securities outstanding at December 31, 2024 and 2023 are classified as available-for-sale securities, mature within twelve months of the acquisition date, and are classified as current assets accordingly.

The Company's investments in available-for-sale securities are as follows:

	December 31, 2024
					Gross Unrealized
	Amortized Cost		Allowance for Credit Losses		Gains		Losses		Fair Value
U.S. Treasury Securities	$	51,885	$	—	$	120	$	(12)	$	51,993

	December 31, 2023
					Gross Unrealized
	Amortized Cost		Allowance for Credit Losses		Gains		Losses		Fair Value
U.S. Treasury Securities	$	81,829	$	—	$	103	$	—	$	81,932

Available-for-sale investments are reported at fair value in the accompanying balance sheet and any unrealized gains or losses are recognized in other comprehensive income (loss), net of tax. Any unrealized gains or losses in the Company's portfolio are a result of normal market fluctuations. Interest and dividends are included in net income when earned.