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Subsequent Events
12 Months Ended
Dec. 31, 2023
Contractors [Abstract]  
Subsequent Events
20. Subsequent Events
On February 6, 2024, the Company completed a strategic investment in a privately held company. Under the terms of the investment, the Company paid $10.0 million in exchange for shares of Series B preferred stock which represented less than a 1% investment in outstanding equity securities of the privately held company. The Company is completing its accounting analysis for this investment but anticipates it will be accounted for as an equity security without a readily determinable fair value using the alternative method on the consolidated balance sheets. The measurement alternative method allows the Company to elect to measure the equity investment at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer.