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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets Measured at Fair Value on Recurring Basis

Financial assets measured at fair value on a recurring basis as of December 31, 2025 and 2024 were as follows:

			As of December 31, 2025
			Level 1						Level 2						Level 3						Total
Cash equivalents:
Money market funds			$	70,731					$	—					$	—					$	70,731
Total cash equivalents			70,731						—						—						70,731
Investment securities:
U.S. government obligations			370,512						—						—						370,512
Agency obligations			—						43,969						—						43,969
Corporate debt securities			—						511,872						—						511,872
Total investment securities			370,512						555,841						—						926,353
Other non-current assets:
Deferred compensation plan (1)			3,249						—						—						3,249
Total assets measured at fair value			$	444,492					$	555,841					$	—					$	1,000,333

			As of December 31, 2024
			Level 1						Level 2						Level 3						Total
Cash equivalents:
Money market funds			$	249,116					$	—					$	—					$	249,116
Corporate debt securities			—						5,314						—						5,314
Total cash equivalents			249,116						5,314						—						254,430
Investment securities:
U.S. government obligations			543,344						—						—						543,344
Agency obligations			—						57,931						—						57,931
Corporate debt securities			—						488,249						—						488,249
Total investment securities			543,344						546,180						—						1,089,524
Other non-current assets:
Deferred compensation plan (1)			829						—						—						829
Total assets measured at fair value			$	793,289					$	551,494					$	—					$	1,344,783

(1) Consists of mutual fund investments held in the Rabbi Trust related to the Company's non-qualified deferred compensation plan.

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- 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

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- References

No definition available.

+ Details

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