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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and liabilities at Fair Value on Recurring Basis

Assets and liabilities carried at fair value on a recurring basis consisted of the following (in thousands):

			September 30, 2025																								December 31, 2024
			Fair Value						Level 1						Level 2						Level 3						Fair Value						Level 1						Level 2						Level 3
Assets:
Assets held in rabbi trust			$	13,266					$	—					$	13,266					$	—					$	12,191					$	—					$	12,191					$	—
Convertible notes			$	5,944					$	—					$	—					$	5,944					$	6,347					$	—					$	—					$	6,347
Cash equivalents (1):
Money market funds			22,016						22,016						—						—						90,737						90,737						—						—
			$	22,016					$	22,016					$	—					$	—					$	90,737					$	90,737					$	—					$	—
Marketable debt securities, available-for-sale:
Short-term investments:
U.S. treasuries			$	11,930					$	11,930					$	—					$	—					$	29,517					$	29,517					$	—					$	—
Corporate debt			113,977						—						113,977						—						160,150						—						160,150						—
ABS and other			3,513						—						3,513						—						—						—						—						—
			$	129,420					$	11,930					$	117,490					$	—					$	189,667					$	29,517					$	160,150					$	—
Long-term investments:
U.S. treasuries			$	29,197					$	29,197					$	—					$	—					$	773					$	773					$	—					$	—
U.S. government sponsored entities			2,811						—						2,811						—						929						—						929						—
Corporate debt			45,348						—						45,348						—						30,934						—						30,934						—
ABS and other			57,363						—						57,363						—						18,511						—						18,511						—
			$	134,719					$	29,197					$	105,522					$	—					$	51,147					$	773					$	50,374					$	—
Liabilities:
Contingent consideration			$	1,148					$	—					$	—					$	1,148					$	4,731					$	—					$	—					$	4,731
Deferred consideration			$	—					$	—					$	—					$	—					$	411					$	—					$	411					$	—
Deferred compensation liability			$	9,586					$	9,586					$	—					$	—					$	8,304					$	8,304					$	—					$	—

(1)Included in cash, cash equivalents, and restricted cash on the accompanying condensed consolidated balance sheets.

Schedule of Reconciliation of Contingent Consideration Measured at Fair Value on Recurring Basis

A reconciliation of contingent consideration measured at fair value on a recurring basis consisted of the following (in thousands):

			Nine Months Ended September 30,
			2025						2024
Beginning balance			$	4,731					$	5,482
Change in fair value of contingent consideration(1)			847						(364)
Payments of contingent consideration			(4,430)						—
Ending balance			$	1,148					$	5,118

(1)Includes immaterial impact of foreign currency translation.

Schedule of Fair Value Liabilities Measured On Recurring Basis Valuation Techniques

Quantitative information about the valuation technique and significant unobservable inputs used in the valuation of the Company’s Level 3 financial liabilities measured at fair value on a recurring basis consisted of the following (dollars in thousands):

Fair Value at September 30, 2025

Valuation Technique

Unobservable inputs

Range (Weighted Average)(1)

Contingent consideration

$

1,148

Discounted cash flow

Expected life of cash flows

0-2.1

(0.8 years)

Discount rate

4.0%-5.4%

(4.8%)

Probability of achievement

0.0%-100.0%

(99.9%)

Fair Value at December 31, 2024

Valuation Technique

Unobservable inputs

Range (Weighted Average)(1)

Contingent consideration

$

4,731

Discounted cash flow

Expected life of cash flows

0.3-2.8 years

(0.4 years)

Discount rate

4.8%-6.1%

(5.9%)

Probability of achievement

0.0%-100.0%

(98.2%)

(1)Unobservable inputs were weighted by the relative fair value of the instruments.

X

- Definition

Fair Value Liabilities Measured On Recurring Basis Valuation Techniques

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes 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 liability.

+ References

Reference 1: 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 2: 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 3: 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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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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