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Financial Instruments and Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of Unrealized Gain (Loss) on Investments | The Company's cash, cash equivalents, and marketable securities by significant investment category are as follows:
| Amortized Cost |  | Unrealized Gains |  |  |  | Fair Value |  | Cash and Cash Equivalents |  | Marketable Securities
Balance at September 30, 2024 |  |  |  |  |  |  |  |  |  |  |
Cash |  |  |  |  |  |  |  |  | $ | 192,641 |  |  | $ | — |
Level 1(1): |  |  |  |  |  |  |  |  |  |  |
Money market funds |  |  |  |  |  |  |  |  | 27,921 |  |  | — |
U.S. Treasury securities | $ | 188,828 |  |  | $ | 38 |  |  |  |  | $ | 188,866 |  |  | 142,860 |  |  | 46,005 |
Total Level 1 | 188,828 |  |  | 38 |  |  |  |  | 188,866 |  |  | 170,781 |  |  | 46,005 |
Total | $ | 188,828 |  |  | $ | 38 |  |  |  |  | $ | 188,866 |  |  | $ | 363,422 |  |  | $ | 46,005 |
| Amortized Cost |  | Unrealized Gains |  |  |  | Fair Value |  | Cash and Cash Equivalents |  | Marketable Securities
Balance at December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Cash |  |  |  |  |  |  |  |  | $ | 221,980 |  |  | $ | — |
Level 1(1): |  |  |  |  |  |  |  |  |  |  |
Money market funds |  |  |  |  |  |  |  |  | 13,906 |  |  | — |
U.S. Treasury securities | $ | 242,228 |  |  | $ | 42 |  |  |  |  | $ | 242,270 |  |  | 176,732 |  |  | 65,538 |
Total Level 1 | 242,228 |  |  | 42 |  |  |  |  | 242,270 |  |  | 190,638 |  |  | 65,538 |
Total | $ | 242,228 |  |  | $ | 42 |  |  |  |  | $ | 242,270 |  |  | $ | 412,618 |  |  | $ | 65,538 |
(1)Level 1 – Quoted prices in active markets for identical assets and liabilities.
Schedule of Fair Value, Separate Account Investment | The following tables provide a summary of the fair value measurements for each major category of investments, assets designated for retirement and pension plans and associated liabilities measured at fair value:
|  |  |  | Balance Sheet Classification
|  |  |  | Current Assets |  |  |  | Non-Current Assets |  | Current Liabilities |  | Non-current Liabilities
|  | Fair Value |  | Other Current Assets |  |  |  | Assets Designated for Retirement and Pension Plans |  | Investments |  | Other Current Liabilities |  | Retirement and Pension Plans
Balance at September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Measured on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Level 1(1): |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. non-qualified deferred compensation plan |  | $ | 59,089 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 59,089 |  |  | $ | — |  |  | $ | — |
Level 2(2): |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retirement and pension plan assets |  | 12,503 |  |  | 1,300 |  |  |  |  | 11,203 |  |  | — |  |  | — |  |  | — |
Pension benefit obligation |  | (14,543) |  |  | — |  |  |  |  | — |  |  | — |  |  | (1,300) |  |  | (13,243) |
Total Level 2 |  | (2,040) |  |  | 1,300 |  |  |  |  | 11,203 |  |  | — |  |  | (1,300) |  |  | (13,243) |
Total |  | $ | 57,049 |  |  | $ | 1,300 |  |  |  |  | $ | 11,203 |  |  | $ | 59,089 |  |  | $ | (1,300) |  |  | $ | (13,243) |
|  |  | Balance Sheet Classification
|  |  | Current Assets |  |  |  | Non-Current Assets |  | Current Liabilities |  | Non-current Liabilities
| Fair Value |  | Other Current Assets |  |  |  | Assets Designated for Retirement and Pension Plans |  | Investments |  | Other Current Liabilities |  | Retirement and Pension Plans
Balance at December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |
Measured on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |
Level 1(1): |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. non-qualified deferred compensation plan | $ | 47,287 |  |  | $ | — |  |  |  |  | $ | — |  |  | $ | 47,287 |  |  | $ | — |  |  | $ | — |
Level 2(2): |  |  |  |  |  |  |  |  |  |  |  |  |
Retirement and pension plan assets | 12,394 |  |  | 1,289 |  |  |  |  | 11,105 |  |  | — |  |  | — |  |  | — |
Pension benefit obligation | (14,416) |  |  | — |  |  |  |  | — |  |  | — |  |  | (1,289) |  |  | (13,127) |
Total Level 2 | (2,022) |  |  | 1,289 |  |  |  |  | 11,105 |  |  | — |  |  | (1,289) |  |  | (13,127) |
Total | $ | 45,265 |  |  | $ | 1,289 |  |  |  |  | $ | 11,105 |  |  | $ | 47,287 |  |  | $ | (1,289) |  |  | $ | (13,127) |
(1)Level 1 – Quoted prices in active markets for identical assets and liabilities. (2)Level 2 – Quoted prices in active markets for similar assets and liabilities, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
Schedule of Reconciliation of Level 3 Assets and Liabilities | The following table provides a reconciliation of the beginning and ending balance of Level 3 liabilities for the nine months ended September 30, 2024:
|  |  |  | Earnout |  | Contingent Compensation
Balance at December 31, 2023 |  |  |  | $ | (38,601) |  |  | $ | (18,878) |
Earnout accretion |  |  |  | (1,413) |  |  | — |
Compensation expense |  |  |  | — |  |  | (8,220) |
Fair value adjustment |  |  |  | (1,211) |  |  | — |
Payments |  |  |  | — |  |  | 4,821 |
Foreign currency translation |  |  |  | (607) |  |  | 166 |
Balance at September 30, 2024 |  |  |  | $ | (41,832) |  |  | $ | (22,111) |

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