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Fair Value Measurements and Derivative Instruments (Tables) | 3 Months Ended
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Mar. 31, 2026
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables show the financial assets and liabilities accounted for at fair value on a recurring basis by level within the fair value hierarchy.
| March 31, 2026
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Money market funds | $ | 94,610 |  |  | $ | — |  |  | $ | — |  |  | $ | 94,610 |
Mutual funds | 11,215 |  |  | — |  |  | — |  |  | 11,215 |
Government securities | 119 |  |  | 13,190 |  |  | — |  |  | 13,309 |
Corporate debt securities | — |  |  | 43,323 |  |  | — |  |  | 43,323 |
Mortgage-backed securities | — |  |  | 87,556 |  |  | — |  |  | 87,556 |
Asset-backed securities | — |  |  | 20,057 |  |  | — |  |  | 20,057 |
Total assets | $ | 105,944 |  |  | $ | 164,126 |  |  | $ | — |  |  | $ | 270,070 |
Liabilities: |  |  |  |  |  |  |
Deferred compensation obligations | $ | — |  |  | $ | 12,877 |  |  | $ | — |  |  | $ | 12,877 |
Total liabilities | $ | — |  |  | $ | 12,877 |  |  | $ | — |  |  | $ | 12,877 |
| December 31, 2025
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Money market funds | $ | 47,239 |  |  | $ | — |  |  | $ | — |  |  | $ | 47,239 |
Mutual funds | 11,852 |  |  | — |  |  | — |  |  | 11,852 |
Government securities | 120 |  |  | 13,366 |  |  | — |  |  | 13,486 |
Corporate debt securities | — |  |  | 43,895 |  |  | — |  |  | 43,895 |
Mortgage-backed securities | — |  |  | 89,002 |  |  | — |  |  | 89,002 |
Asset-backed securities | — |  |  | 20,203 |  |  | — |  |  | 20,203 |
Total assets | $ | 59,211 |  |  | $ | 166,466 |  |  | $ | — |  |  | $ | 225,677 |
Liabilities: |  |  |  |  |  |  |
Deferred compensation obligations | $ | — |  |  | $ | 13,741 |  |  | $ | — |  |  | $ | 13,741 |
Total liabilities | $ | — |  |  | $ | 13,741 |  |  | $ | — |  |  | $ | 13,741 |
Schedule of Available-for-sale Securities Reconciliation | Available-for-sale securities consisted of the following:
| March 31, 2026
| Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Estimated fair value
Mutual funds | $ | 1,899 |  |  | $ | — |  |  | $ | (182) |  |  | $ | 1,717 |
Government securities | 19,000 |  |  | — |  |  | (5,691) |  |  | 13,309 |
Corporate debt securities | 49,281 |  |  | — |  |  | (5,958) |  |  | 43,323 |
Mortgage-backed securities | 106,167 |  |  | — |  |  | (18,611) |  |  | 87,556 |
Asset-backed securities | 19,949 |  |  | 108 |  |  | — |  |  | 20,057 |
Total | $ | 196,296 |  |  | $ | 108 |  |  | $ | (30,442) |  |  | $ | 165,962 |
| December 31, 2025
| Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Estimated fair value
Mutual funds | $ | 1,886 |  |  | $ | — |  |  | $ | (171) |  |  | $ | 1,715 |
Government securities | 19,043 |  |  | — |  |  | (5,557) |  |  | 13,486 |
Corporate debt securities | 49,481 |  |  | — |  |  | (5,586) |  |  | 43,895 |
Mortgage-backed securities | 107,652 |  |  | — |  |  | (18,650) |  |  | 89,002 |
Asset-backed securities | 19,947 |  |  | 256 |  |  | — |  |  | 20,203 |
Total | $ | 198,009 |  |  | $ | 256 |  |  | $ | (29,964) |  |  | $ | 168,301 |
Schedule of Available-for-sale Securities | The fair value of available-for-sale securities is reported on our Condensed Consolidated Balance Sheet as follows:
|  |  |  |  | March 31, 2026 |  | December 31, 2025
Short-term investments |  |  |  |  | $ | 1,717 |  |  | $ | 1,715 |
Other assets |  |  |  |  | 164,245 |  |  | 166,586 |
Total |  |  |  |  | $ | 165,962 |  |  | $ | 168,301 |
Scheduled maturities of available-for-sale securities at March 31, 2026 were as follows:
| Amortized cost |  | Estimated fair value
Within 1 year | $ | 1,899 |  |  | $ | 1,717 |
After 1 year through 5 years | 37,345 |  |  | 33,748 |
After 5 years through 10 years | 29,021 |  |  | 28,042 |
After 10 years | 128,031 |  |  | 102,455 |
Total | $ | 196,296 |  |  | $ | 165,962 |
Schedule of Unrealized Holding Losses | Investment securities in a loss position were as follows:
| March 31, 2026 |  | December 31, 2025
| Fair Value |  | Gross unrealized losses |  | Fair Value |  | Gross unrealized losses
Greater than 12 continuous months |  |  |  |  |  |  |
Mutual funds | $ | 1,717 |  |  | $ | 182 |  |  | $ | 1,715 |  |  | $ | 171 |
Government securities | 13,309 |  |  | 5,691 |  |  | 13,486 |  |  | 5,557 |
Corporate debt securities | 43,323 |  |  | 5,958 |  |  | 43,895 |  |  | 5,586 |
Mortgage-backed securities | 87,556 |  |  | 18,611 |  |  | 89,002 |  |  | 18,650 |
Total | $ | 145,905 |  |  | $ | 30,442 |  |  | $ | 148,098 |  |  | $ | 29,964 |
Schedule of Fair Value, by Balance Sheet Grouping |
| March 31, 2026 |  | December 31, 2025
Carrying value | $ | 2,138,192 |  |  | $ | 1,993,038 |
Fair value | $ | 2,073,680 |  |  | $ | 1,954,304 |
Schedule of Carrying Value and Fair Value of Investments | The carrying value and fair value of investments classified as held-to-maturity is as follows:
|  | March 31, 2026 |  | December 31, 2025
|  | Carrying value |  | Fair value |  | Carrying value |  | Fair value
Government securities |  | $ | 19,089 |  |  | $ | 18,966 |  |  | $ | 19,865 |  |  | $ | 19,787 |
Other |  | 4,367 |  |  | 4,093 |  |  | 4,408 |  |  | 4,134 |
Total |  | $ | 23,456 |  |  | $ | 23,059 |  |  | $ | 24,273 |  |  | $ | 23,921 |
The carrying value of held-to-maturity securities is reported on our Condensed Consolidated Balance Sheet as follows:
|  |  |  |  | March 31, 2026 |  | December 31, 2025
Short-term investments |  |  |  |  | $ | 9,425 |  |  | $ | 10,522 |
Other assets |  |  |  |  | 14,031 |  |  | 13,751 |
Total |  |  |  |  | $ | 23,456 |  |  | $ | 24,273 |
Scheduled maturities of held-to-maturity securities at March 31, 2026 were as follows:
| Carrying value |  | Fair value
Within 1 year | $ | 9,425 |  |  | $ | 9,402 |
After 1 year through 5 years | 7,960 |  |  | 7,874 |
After 10 years | 6,071 |  |  | 5,783 |
Total | $ | 23,456 |  |  | $ | 23,059 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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
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