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Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following table summarizes information about geographic areas (in thousands):

			United States						Europe						Greater China						Other						Total
Year Ended December 31, 2025
Revenue			$	329,125					$	251,638					$	158,456					$	255,140					$	994,359
Long-lived assets			48,838						14,112						13,631						14,428						$	91,009
Year Ended December 31, 2024
Revenue			$	306,766					$	217,880					$	164,147					$	225,722					$	914,515
Long-lived assets			56,948						15,655						14,844						16,025						$	103,472
Year Ended December 31, 2023
Revenue			$	288,324					$	220,665					$	164,115					$	164,443					$	837,547
Long-lived assets			62,946						17,005						17,028						15,958						$	112,937

Schedule of Segment Reporting Information, by Segment

The following table summarizes significant segment expenses, which represents the difference between segment revenue and segment net income, (in thousands):

			Year Ended December 31,
			2025						2024						2023
Revenue			$	994,359					$	914,515					$	837,547
Less:
Cost of revenue (1)			328,966						288,721						236,306
Gross profit			665,393						625,794						601,241
Less:
Research, development, and engineering expenses
Salaries and fringe benefits			75,690						79,544						78,762
Incentive compensation (2)			9,537						4,711						1,446
Stock-based compensation			15,336						14,628						16,480
Depreciation and amortization			2,628						3,229						3,056
Other segment expenses (3)			35,779						37,703						39,656
Total research, development, and engineering expenses			138,970						139,815						139,400
Selling, general, and administrative expenses
Salaries and fringe benefits			174,526						179,898						166,612
Incentive compensation (2)			55,932						45,565						35,513
Stock-based compensation			30,965						35,849						36,309
Depreciation and amortization			15,759						16,936						11,759
Other segment expenses (3)			86,675						92,666						88,946
Total selling, general, and administrative expenses			363,857						370,914						339,139
Loss (recovery) from fire			—						—						(8,000)
Operating income			162,566						115,065						130,702
Foreign currency gain (loss)			(4,082)						1,531						(10,039)
Investment income			16,950						13,971						14,093
Other income (expense)			7,368						922						592
Income before income tax expense			182,802						131,489						135,348
Income tax expense			68,360						25,318						22,114
Net income			$	114,442					$	106,171					$	113,234

(1) Cost of revenue includes depreciation and amortization expense (including amortization of acquired technologies) of $12,406,000, $12,524,000, and $7,065,000 for 2025, 2024, and 2023, respectively.

(2) Incentive compensation includes company bonus and sales commissions.

(3) Other segment expenses include outside services, prototyping materials, sales demonstration equipment, travel and entertainment, marketing programs, rent, and allocations, among other less significant expenses.

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

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X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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