XML 40 R30.htm IDEA: XBRL DOCUMENT v3.25.3

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Measurements [Abstract]

Assets Measured at Fair Value on a Recurring Basis

The following tables present the major security types we held at September 30, 2025 and December 31, 2024 that we regularly measure and carry at fair value. The following tables segregate each security type by the level within the fair value hierarchy of the valuation techniques we utilized to determine the respective security’s fair value (in thousands):

		At				Quoted Prices in Active Markets				Significant Other Observable Inputs
		September 30, 2025				(Level 1)				(Level 2)
Cash equivalents (1)	$	167,298			$	167,298			$	-
Corporate debt securities (2)		1,058,068				-				1,058,068
Debt securities issued by U.S. government agencies (3)		150,590				-				150,590
Debt securities issued by the U.S. Treasury (4)		768,085				768,085				-
Debt securities issued by states of the U.S. and political subdivisions of the states (5)		6,284				-				6,284
Other municipal debt securities (5)		698				-				698
Publicly traded equity securities included in other current assets (6)		3,256				3,256				-
Total	$	2,154,279			$	938,639			$	1,215,640

		At				Quoted Prices in Active Markets				Significant Other Observable Inputs
		December 31, 2024				(Level 1)				(Level 2)
Cash equivalents (1)	$	180,445			$	180,445			$	-
Corporate debt securities (5)		1,032,066				-				1,032,066
Debt securities issued by U.S. government agencies (5)		208,998				-				208,998
Debt securities issued by the U.S. Treasury (5)		806,724				806,724				-
Debt securities issued by states of the U.S. and political subdivisions of the states (5)		7,524				-				7,524
Other municipal debt securities (5)		696				-				696
Publicly traded equity securities included in other current assets (6)		5,263				5,263				-
Total	$	2,241,716			$	992,432			$	1,249,284

The following footnotes reference lines in our condensed consolidated balance sheets:

(1)    Included in cash and cash equivalents.

(2)    $39.9 million was included in cash and cash equivalents, with the difference included in short-term investments.

(3)    $6.0 million was included in cash and cash equivalents, with the difference included in short-term investments.

(4)    $36.0 million was included in cash and cash equivalents, with the difference included in short-term investments.

(5)    Included in short-term investments.

(6)    Included in other current assets.

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration