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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Summary of Financial Assets and Liabilities Measured and Recorded at Fair Value on Recurring Basis | The following table presents our financial assets and liabilities measured and recorded at fair value on a recurring basis using the above input categories:
| As of June 30, 2025
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (in thousands)
Description: |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |
U.S. government agencies | $ | 338,422 |  |  | $ | — |  |  | $ | — |  |  | $ | 338,422 |
Foreign currency forward contracts designated as cash flow hedges (prepaid expenses and other current assets) | — |  |  | 3,442 |  |  | — |  |  | 3,442 |
Total assets | $ | 338,422 |  |  | $ | 3,442 |  |  | $ | — |  |  | $ | 341,864 |
Liabilities: |  |  |  |  |  |  |
Contingent consideration (other current liabilities and other long-term liabilities) | — |  |  | — |  |  | 12,789 |  |  | 12,789 |
Total liabilities | $ | — |  |  | $ | — |  |  | $ | 12,789 |  |  | $ | 12,789 |
| As of December 31, 2024
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (in thousands)
Description: |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |
U.S. government agencies | $ | 224,299 |  |  | $ | — |  |  | $ | — |  |  | $ | 224,299 |
Foreign currency forward contracts designated as cash flow hedges (prepaid expenses and other current assets and other assets) | — |  |  | 96 |  |  | — |  |  | 96 |
Total assets | $ | 224,299 |  |  | $ | 96 |  |  | $ | — |  |  | $ | 224,395 |
Liabilities: |  |  |  |  |  |  |
Contingent consideration (other current liabilities and other long-term liabilities) | $ | — |  |  | $ | — |  |  | $ | 12,422 |  |  | $ | 12,422 |
Foreign currency forward contracts designated as cash flow hedges (other current liabilities) | — |  |  | 1,415 |  |  | — |  |  | 1,415 |
Total liabilities | $ | — |  |  | $ | 1,415 |  |  | $ | 12,422 |  |  | $ | 13,837 |

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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 + Details
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