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Financial Instruments and Fair Value (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Cash, Cash Equivalents, and Marketable Securities by Significant Investment Category

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, 2025
Cash																																	$	238,795					$	—
Level 1(1):
Money market funds																																	28,149						—
U.S. Treasury securities			$	261,103					$	35																	$	261,138					187,696						73,442
Total Level 1			261,103						35																		261,138						215,845						73,442
Total			$	261,103					$	35																	$	261,138					$	454,640					$	73,442

			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 Measurements for Each Major Category of Investments

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, 2025
Measured on a recurring basis:
Level 1(1):
U.S. non-qualified deferred compensation plan						$	72,537					$	—											$	—					$	72,537					$	—					$	—
Level 2(2):
Retirement and pension plan assets						12,597						1,287												11,310						—						—						—
Pension benefit obligation						(14,062)						—												—						—						(1,287)						(12,775)
Total Level 2						(1,465)						1,287												11,310						—						(1,287)						(12,775)
Total						$	71,072					$	1,287											$	11,310					$	72,537					$	(1,287)					$	(12,775)

									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 Beginning and Ending Balance of Level 3 Liabilities

The following table provides a reconciliation of the beginning and ending balance of Level 3 liabilities for the nine months ended September 30, 2025:

												Earnout						Contingent Compensation
Balance at December 31, 2024												$	(38,648)					$	(22,901)
Earnout accretion												(1,534)						—
Compensation expense												—						(7,014)
Fair value adjustment												2,315						—
Payments												—						4,847
Foreign currency translation												(5,016)						(2,330)
Balance at September 30, 2025												$	(42,883)					$	(27,398)

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.

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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.

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