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Financial Instruments and Fair Value (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31, 2025
Cash																											$	179,237					$	—
Level 1(1):
Money market funds																											32,707						—
U.S. Treasury securities			$	112,700					$	15											$	112,715					—						112,715
Total Level 1			112,700						15												112,715						32,707						112,715
Total			$	112,700					$	15											$	112,715					$	211,944					$	112,715

			Amortized Cost						Unrealized Gains												Fair Value						Cash and Cash Equivalents						Marketable Securities
Balance at December 31, 2024
Cash																											$	256,638					$	—
Level 1(1):
Money market funds																											36,781						—
U.S. Treasury securities			$	270,050					$	54											$	270,104					222,208						47,896
Total Level 1			270,050						54												270,104						258,989						47,896
Total			$	270,050					$	54											$	270,104					$	515,627					$	47,896

(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 March 31, 2025
Measured on a recurring basis:
Level 1(1):
U.S. non-qualified deferred compensation plan						$	64,434					$	—											$	—					$	64,434					$	—					$	—
Level 2(2):
Retirement and pension plan assets						11,611						1,187												10,424						—						—						—
Pension benefit obligation						(12,961)						—												—						—						(1,187)						(11,774)
Total Level 2						(1,350)						1,187												10,424						—						(1,187)						(11,774)
Total						$	63,084					$	1,187											$	10,424					$	64,434					$	(1,187)					$	(11,774)

									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, 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 assets			11,112						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)

(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 three months ended March 31, 2025:

												Earnout						Contingent Compensation
Balance at December 31, 2024												$	(38,648)					$	(22,901)
Earnout accretion												(481)						—
Compensation expense												—						(2,821)
Fair value adjustment												(942)						—
Payments												—						4,847
Foreign currency translation												(1,697)						(775)
Balance at March 31, 2025												$	(41,768)					$	(21,650)

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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Tabular disclosure of unrealized gains and losses on investments.

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