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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Fair Values of Financial Instruments Measured On Recurring Basis

The following tables present the fair values of the Company’s financial assets or liabilities that are measured at fair value on a recurring basis (in thousands):

September 30, 2025			Level 1						Level 2						Level 3						Fair Value						Carrying Value
Assets:
Cash equivalents:
Money market and other funds			$	115,186					$	—					$	—					$	115,186					$	115,186
Total assets measured at fair value			$	115,186					$	—					$	—					$	115,186					$	115,186
Liabilities:
Contingent consideration			$	—					$	—					$	6,768					$	6,768					$	6,768
Total liabilities measured at fair value			$	—					$	—					$	6,768					$	6,768					$	6,768

December 31, 2024			Level 1						Level 2						Level 3						Fair Value						Carrying Value
Assets:
Cash equivalents:
Money market and other funds			$	85,833					$	—					$	—					$	85,833					$	85,833
Long-term investments:
Investment in corporate debt security			—						—						17,788						17,788						17,788
Total assets measured at fair value			$	85,833					$	—					$	17,788					$	103,621					$	103,621
Liabilities:
Contingent consideration			$	—					$	—					$	2,834					$	2,834					$	2,834
Total liabilities measured at fair value			$	—					$	—					$	2,834					$	2,834					$	2,834

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a reconciliation of the Company’s Level 3 financial assets related to our contingent consideration arrangements and investment in corporate debt security that are measured at fair value on a recurring basis (in thousands):

			Nine months ended September 30,
			2025												2024
			Contingent Consideration Arrangements						Corporate Debt Security						Contingent Consideration Arrangements						Corporate Debt Security
Balance as of January 1			$	2,834					$	17,788					$	2,834					$	15,699
Fair value at date of acquisition			6,865						—						—						—
Fair value adjustments (1)			(2,834)						(17,788)						—						830
Foreign currency translation adjustment			$	(97)					$	—					$	—					$	—
Balance as of September 30			$	6,768					$	—					$	2,834					$	16,529

(1)During the nine months ended September 30, 2025, the fair value adjustments to the contingent consideration arrangements in the table above were recorded within ‘General, administrative, and other related costs’ in the Condensed Consolidated Statements of Operations and relate to changes in the expected payout against financial targets. During the nine months ended September 30, 2025 and 2024, the fair value adjustments to the corporate debt security in the table above were recorded in ‘Change in fair value on available-for-sale investments, net’ in the Condensed Consolidated Statements of Comprehensive Income (Loss) for the portion of the change that does not relate to change in credit conditions and in the ‘Provision for credit losses on investments’ in the Condensed Consolidated Statements of Operations for the portion of the change that relates to change in credit conditions.

Schedule of Carrying and Fair Values

The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes (in thousands):

			September 30, 2025												December 31, 2024
			Carrying Value						Fair Value						Carrying Value						Fair Value
4.625% Senior Notes			$	460,038					$	431,286					$	457,211					$	420,935
1.75% Convertible Notes			$	149,109					$	144,449					$	148,186					$	139,976
3.625% Convertible Notes			$	263,147					$	253,937					$	258,885					$	259,200

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 101
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-101

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

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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

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