| Schedule of Components of Investments |
The components of investments consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Level |
|
Amortized Cost Basis |
|
|
Gross Unrealized Gain |
|
|
Gross Unrealized Loss |
|
|
Fair Value |
|
March 31, 2026 |
|
(in thousands) |
|
Corporate debt securities |
|
Level 2 |
|
$ |
204,550 |
|
|
$ |
8 |
|
|
$ |
(628 |
) |
|
$ |
203,930 |
|
United States government agency securities |
|
Level 2 |
|
|
35,341 |
|
|
|
- |
|
|
|
(127 |
) |
|
|
35,214 |
|
Asset-backed securities |
|
Level 2 |
|
|
40,688 |
|
|
|
3 |
|
|
|
(52 |
) |
|
|
40,639 |
|
Yankee debt securities |
|
Level 2 |
|
|
15,621 |
|
|
|
- |
|
|
|
(40 |
) |
|
|
15,581 |
|
Commercial paper |
|
Level 2 |
|
|
13,396 |
|
|
|
- |
|
|
|
(23 |
) |
|
|
13,373 |
|
Certificate of deposits |
|
Level 2 |
|
|
3,537 |
|
|
|
2 |
|
|
|
- |
|
|
|
3,539 |
|
Total debt investments |
|
|
|
|
313,133 |
|
|
|
13 |
|
|
|
(870 |
) |
|
|
312,276 |
|
Money market investments |
|
Level 1 |
|
|
28,106 |
|
|
|
- |
|
|
|
- |
|
|
|
28,106 |
|
Total short-term marketable securities |
|
|
|
$ |
341,239 |
|
|
$ |
13 |
|
|
$ |
(870 |
) |
|
$ |
340,382 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Level |
|
Amortized Cost Basis |
|
|
Gross Unrealized Gain |
|
|
Gross Unrealized Loss |
|
|
Fair Value |
|
December 31, 2025 |
|
(in thousands) |
|
Corporate debt securities |
|
Level 2 |
|
$ |
168,802 |
|
|
$ |
46 |
|
|
$ |
(102 |
) |
|
$ |
168,746 |
|
United States government agency securities |
|
Level 2 |
|
|
53,380 |
|
|
|
43 |
|
|
|
- |
|
|
|
53,423 |
|
Asset-backed securities |
|
Level 2 |
|
|
33,249 |
|
|
|
35 |
|
|
|
(1 |
) |
|
|
33,283 |
|
Yankee debt securities |
|
Level 2 |
|
|
10,599 |
|
|
|
7 |
|
|
|
(3 |
) |
|
|
10,603 |
|
Commercial paper |
|
Level 2 |
|
|
5,618 |
|
|
|
4 |
|
|
|
- |
|
|
|
5,622 |
|
Certificate of deposits |
|
Level 2 |
|
|
1,595 |
|
|
|
1 |
|
|
|
- |
|
|
|
1,596 |
|
Total debt investments |
|
|
|
|
273,243 |
|
|
|
136 |
|
|
|
(106 |
) |
|
|
273,273 |
|
Equity investments |
|
Level 1 |
|
|
19,997 |
|
|
|
- |
|
|
|
- |
|
|
|
19,997 |
|
Money market investments |
|
Level 1 |
|
|
37,606 |
|
|
|
- |
|
|
|
- |
|
|
|
37,606 |
|
Total short-term marketable securities |
|
|
|
$ |
330,846 |
|
|
$ |
136 |
|
|
$ |
(106 |
) |
|
$ |
330,876 |
|
|
| Schedule of Contractual Maturities of Available-for-sale Debt Securities |
The contractual maturities of available-for-sale debt securities as of March 31, 2026 were as follows:
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
|
|
Amortized Cost Basis |
|
|
Fair Value |
|
|
|
(in thousands) |
|
Due in one year or less |
|
$ |
219,563 |
|
|
$ |
219,066 |
|
Due after one year through five years |
|
|
121,676 |
|
|
|
121,316 |
|
Total |
|
$ |
341,239 |
|
|
$ |
340,382 |
|
|