XML 58 R39.htm IDEA: XBRL DOCUMENT v3.25.0.1
Financial Instruments and Fair Value (Tables)
 12 Months Ended
Dec. 31, 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 CostUnrealized GainsFair ValueCash and Cash EquivalentsMarketable Securities
Balance at December 31, 2024
Cash$— $— $— $256,638 $— 
Level 1(1):
Money market funds36,781 
U.S. Treasury securities270,050 54 270,104 222,208 47,896 
Total Level 1270,050 54 270,104 258,989 47,896 
Total$270,050 $54 $270,104 $515,627 $47,896 
Amortized CostUnrealized GainsFair ValueCash and Cash EquivalentsMarketable Securities
Balance at December 31, 2023
Cash$— $— $— $221,980 $— 
Level 1(1):
Money market funds13,906 
U.S. Treasury securities242,228 42 242,270 176,732 65,538 
Total Level 1242,228 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 on a recurring basis:
Balance Sheet Classification
Fair ValueOther Current AssetsAssets Designated for Retirement and Pension PlansInvestmentsOther Current LiabilitiesRetirement and Pension Plans
Balance at December 31, 2024
Measured on a recurring basis:
Level 1(1):
U.S. non-qualified deferred compensation plan$58,290 $— $— $58,290 $— $— 
Level 2(2):
Retirement and pension plan assets11,112 1,136 9,976 — — — 
Pension benefit obligation(12,404)— — — (1,136)(11,268)
Total Level 2(1,292)1,136 9,976 — (1,136)(11,268)
Total$56,998 $1,136 $9,976 $58,290 $(1,136)$(11,268)
Balance Sheet Classification
Fair ValueOther Current AssetsAssets Designated for Retirement and Pension PlansInvestmentsOther Current LiabilitiesRetirement 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 assets12,394 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 Liabilities
The following table provides a reconciliation of the beginning and ending balance of Level 3 liabilities for the year ended December 31, 2024:
EarnoutContingent Compensation
Balance at December 31, 2023$(38,601)$(18,878)
Earnout accretion(1,926)— 
Compensation expense— (10,815)
Fair value adjustment(438)— 
Payments— 4,821 
Foreign currency translation2,317 1,971 
Balance at December 31, 2024$(38,648)$(22,901)
Schedule of Reconciliation of Level 3 Assets
The following table provides a reconciliation of the beginning and ending balance of Level 3 assets for the year ended December 31, 2024:

Goodwill
Balance at December 31, 2023$202,252 
Impairment(59,478)
Foreign currency translation(4,913)
Balance at December 31, 2024$137,861