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Marketable Securities (Tables)
3 Months Ended
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Summary of Amortized Cost and Fair Value, Including Accrued Interest Receivable and Unrealized Holding Gains (Losses) on Short-term and Long-term Marketable Securities

The following is a summary of the amortized cost and the fair value, including accrued interest receivable as well as unrealized gains (losses) on the short-term and long-term marketable securities as of December 31, 2022 and September 30, 2022 (in thousands):

    

    

Gross

    

Gross

    

Amortized

Unrealized 

Unrealized 

Cost

Losses

Gains

Fair Value

December 31, 2022:

 

  

 

  

 

  

 

  

U.S. Treasury securities and obligations of U.S. government agencies

 

$

479,617

$

(5,434)

$

13

 

$

474,196

Bank certificates of deposits

10,549

(174)

5

10,380

Corporate securities

341,317

(6,941)

334,376

Municipal securities

 

8,633

(13)

 

8,620

$

840,116

$

(12,562)

$

18

$

827,572

September 30, 2022:

  

 

  

 

  

 

  

U.S. Treasury securities and obligations of U.S. government agencies

$

804,774

 

$

(6,163)

 

$

21

$

798,632

Bank certificates of deposits

8,335

(158)

$

1

$

8,178

Corporate securities

406,270

(8,113)

398,157

Municipal securities

 

59,043

(226)

 

58,817

$

1,278,422

$

(14,660)

$

22

$

1,263,784

Fair Value of Marketable Securities by Contractual Maturity

The fair values of the marketable securities by contractual maturities at December 31, 2022 are presented below (in thousands):

Amortized

    

Cost

Fair Value

Due in one year or less

$

525,787

$

522,897

Due after one year through five years

 

311,387

 

301,734

Due after five years through ten years

Due after ten years

 

2,942

 

2,941

Total marketable securities

$

840,116

$

827,572