XML 56 R44.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Investments, Summary of Investments (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2024
USD ($)
Company
Dec. 31, 2023
USD ($)
Ownership Interests in Private and Public Companies [Abstract]    
Number of private companies in which there is an equity ownership interest of less than 20% | Company 7  
Number of public companies in which there is an equity ownership interest of less than 20% | Company 3  
Available-for-sale Debt Securities with Maturity of One Year or Less [Abstract]    
Amortized cost $ 1,343,698 $ 1,316,219
Gross unrealized gains 67 415
Gross unrealized losses (3,026) (5,238)
Estimated fair value 1,340,739 1,311,396
Available-for-sale Debt Securities with Maturity of More Than One Year [Abstract]    
Amortized cost 462,896 651,628
Gross unrealized gains 275 3,063
Gross unrealized losses (2,334) (1,197)
Estimated fair value 460,837 653,494
Available-for-sale Debt Securities [Abstract]    
Amortized cost 1,806,594 1,967,847
Gross unrealized gains 342 3,478
Gross unrealized losses (5,360) (6,435)
Estimated fair value 1,801,576 1,964,890
Equity Securities [Abstract]    
Amortized cost 35,012 35,012
Gross unrealized gains 25,335 25,237
Gross unrealized losses (12,470) (10,957)
Estimated fair value 47,877 49,292
Available-for-sale Debt and Equity Securities [Abstract]    
Amortized cost 1,841,606 2,002,859
Gross unrealized gains 25,677 28,715
Gross unrealized losses (17,830) (17,392)
Estimated fair value 1,849,453 2,014,182
Corporate Debt Securities [Member]    
Available-for-sale Debt Securities with Maturity of One Year or Less [Abstract]    
Amortized cost [1] 552,837 559,967
Gross unrealized gains 36 157
Gross unrealized losses (1,569) (2,625)
Estimated fair value 551,304 557,499
Available-for-sale Debt Securities with Maturity of More Than One Year [Abstract]    
Amortized cost 218,639 243,151
Gross unrealized gains 191 1,270
Gross unrealized losses (874) (692)
Estimated fair value 217,956 243,729
Debt Securities Issued by U.S. Government Agencies [Member]    
Available-for-sale Debt Securities with Maturity of One Year or Less [Abstract]    
Amortized cost 121,781 224,711
Gross unrealized gains 5 64
Gross unrealized losses (310) (611)
Estimated fair value 121,476 224,164
Available-for-sale Debt Securities with Maturity of More Than One Year [Abstract]    
Amortized cost 115,349 110,138
Gross unrealized gains 72 547
Gross unrealized losses (317) (21)
Estimated fair value 115,104 110,664
Debt Securities Issued by the U.S. Treasury [Member]    
Available-for-sale Debt Securities with Maturity of One Year or Less [Abstract]    
Amortized cost [1] 650,997 513,784
Gross unrealized gains 12 152
Gross unrealized losses (1,105) (1,889)
Estimated fair value 649,904 512,047
Available-for-sale Debt Securities with Maturity of More Than One Year [Abstract]    
Amortized cost 127,240 294,873
Gross unrealized gains 12 1,239
Gross unrealized losses (1,135) (480)
Estimated fair value 126,117 295,632
Debt Securities Issued by States of the U.S. and Political Subdivisions of the States [Member]    
Available-for-sale Debt Securities with Maturity of One Year or Less [Abstract]    
Amortized cost 18,083 17,757
Gross unrealized gains 14 42
Gross unrealized losses (42) (113)
Estimated fair value 18,055 17,686
Available-for-sale Debt Securities with Maturity of More Than One Year [Abstract]    
Amortized cost 1,668 3,466
Gross unrealized gains 0 7
Gross unrealized losses (8) (4)
Estimated fair value 1,660 3,469
Publicly Traded Equity Securities [Member]    
Equity Securities [Abstract]    
Amortized cost [2] 11,897 11,897
Gross unrealized gains 334 236
Gross unrealized losses (5,377) (5,832)
Estimated fair value 6,854 6,301
Available-for-sale Debt and Equity Securities [Abstract]    
Unrealized gain on equity securities 600  
Privately Held Equity Securities [Member]    
Equity Securities [Abstract]    
Amortized cost [3] 23,115 23,115
Gross unrealized gains 25,001 25,001
Gross unrealized losses (7,093) (5,125)
Estimated fair value 41,023 $ 42,991
Available-for-sale Debt and Equity Securities [Abstract]    
Unrealized loss on equity securities $ (2,000)  
[1] Includes investments classified as cash equivalents in our condensed consolidated balance sheets.
[2] Our publicly traded equity securities are included in other current assets. We recognize publicly traded equity securities at fair value. In the six months ended June 30, 2024, we recorded a $0.6 million net unrealized gain in our condensed consolidated statements of operations related to changes in the fair value of our investments in publicly traded companies.
[3] Our privately held equity securities are included in deposits and other assets. We recognize our privately held equity securities at cost minus impairments, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer, which are Level 3 inputs. In the six months ended June 30, 2024, we recorded a loss of $2.0 million in our condensed consolidated statements of operations related to changes in the fair value of our investments in privately held companies.