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Cash, Cash Equivalents, and Investments (Tables)
 12 Months Ended
Dec. 31, 2024
Cash and Cash Equivalents [Abstract]  
Components of Cash, Cash Equivalents and Investments
Cash, cash equivalents, and investments consisted of the following (in thousands):
 December 31,
 20242023
Cash$170,852 $183,242 
Money market instruments15,242 19,413 
Cash and cash equivalents186,094 202,655 
Corporate bonds55,742 124,851 
Treasury notes2,487 — 
Sovereign bonds990 990 
Asset-backed securities737 3,551 
Current investments59,956 129,392 
Corporate bonds285,174 183,965 
Treasury notes43,147 43,523 
Asset-backed securities12,577 15,763 
Sovereign bonds— 979 
Non-current investments340,898 244,230 
$586,948 $576,277 
Summary of Available-for-Sale Investments
The following table summarizes the Company’s available-for-sale investments as of December 31, 2024 (in thousands):
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Current:
Corporate bonds$56,472 $3 $(733)$55,742 
Treasury notes2,501 — (14)2,487 
Sovereign bonds1,013 — (23)990 
Asset-backed securities739 — (2)737 
Non-current:
Corporate bonds288,332 408 (3,566)285,174 
Treasury notes43,570 2 (425)43,147 
Asset-backed securities13,131 — (554)12,577 
$405,758 $413 $(5,317)$400,854 
The following table summarizes the Company’s available-for-sale investments as of December 31, 2023 (in thousands):
Amortized
Cost		Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
Current:
Corporate bonds$128,150 $— $(3,299)$124,851 
Asset-backed securities3,637 — (86)3,551 
Sovereign bonds1,012 — (22)990 
Non-current:
Corporate bonds189,326 506 (5,867)183,965 
Treasury notes43,654 82 (213)43,523 
Asset-backed securities16,773 — (1,010)15,763 
Sovereign bonds1,037 — (58)979 
$383,589 $588 $(10,555)$373,622 
Gross Unrealized Losses and Fair Value for Available-for-Sale Investments
The following table summarizes the Company’s gross unrealized losses and fair values for available-for-sale investments in an unrealized loss position as of December 31, 2024 (in thousands):
 Unrealized Loss
Position For Less than
12 Months		Unrealized Loss
Position For Greater than
12 Months		Total
 Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
Corporate bonds$172,049 $(2,227)$87,815 $(2,071)$259,864 $(4,298)
Treasury notes42,149 (425)2,487 (14)44,636 (439)
Asset-backed securities11,024 (547)2,290 (10)13,314 (557)
Sovereign bonds— — 990 (23)990 (23)
$225,222 $(3,199)$93,582 $(2,118)$318,804 $(5,317)
The following table summarizes the Company’s gross unrealized losses and fair values for available-for-sale investments in an unrealized loss position as of December 31, 2023 (in thousands):
 Unrealized Loss
Position For Less than
12 Months		Unrealized Loss
Position For Greater than
12 Months		Total
 Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses		Fair ValueUnrealized
Losses
Corporate bonds$30,770 $(359)$226,643 $(8,807)$257,413 $(9,166)
Treasury notes20,725 (153)2,441 (60)23,166 (213)
Asset-backed securities17,062 (1,049)2,252 (47)19,314 (1,096)
Sovereign bonds— — 1,968 (80)1,968 (80)
$68,557 $(1,561)$233,304 $(8,994)$301,861 $(10,555)
Realized Gain (Loss) on Investments
The following table summarizes the Company's gross realized gains and losses on the sale of debt securities (in thousands):
Year Ended December 31,
202420232022
Gross realized gains$8 $111 $133 
Gross realized losses(16)(2,065)(315)
Net realized gains (losses)$(8)$(1,954)$(182)
Effective Maturity Dates of Available-for-Sale Investments
The following table summarizes the effective maturity dates of the Company’s available-for-sale investments as of December 31, 2024 (in thousands):
<1 Year1-2 Years2-3 Years3-4 Years4-5 Years5-7 YearsTotal
Corporate bonds$55,742 $62,324 $92,207 $68,029 $62,614 $— $340,916 
Treasury notes2,487 9,177 21,365 12,605 — — 45,634 
Asset-backed securities737 5,911 — 1,296 1,982 3,388 13,314 
Sovereign bonds990 — — — — — 990 
$59,956 $77,412 $113,572 $81,930 $64,596 $3,388 $400,854