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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Assets Measured at Fair Value On a Recurring Basis

Financial instruments measured at fair value on a recurring basis:

						As of December 31, 2025																		As of December 31, 2024
(in thousands)						Total						Level 1						Level 2						Total						Level 1						Level 2
Cash equivalents
Money market funds						$	42,833					$	42,833					$	—					$	41,494					$	41,494					$	—
US Government and agency obligations						16,901						—						16,901						81,535						—						81,535
Commercial paper						14,712						—						14,712						22,689						—						22,689
Corporate debt securities						5,713						—						5,713						4,133						—						4,133
Municipal debt securities						4,520						—						4,520						10,299						—						10,299
Total cash equivalents						84,679						42,833						41,846						160,150						41,494						118,656
Short-term
Corporate debt securities						337,988						—						337,988						242,313						—						242,313
Commercial paper						179,697						—						179,697						149,807						—						149,807
US Government and agency obligations						67,696						—						67,696						94,295						—						94,295
Certificates of deposit						27,960						—						27,960						7,239						—						7,239
Municipal debt securities						19,618						—						19,618						1,580						—						1,580
Total short-term						632,959						—						632,959						495,234						—						495,234
Long-term
Corporate debt securities						30,127						—						30,127						39,931						—						39,931
US Government and agency obligations						2,696						—						2,696						10,452						—						10,452
Municipal debt securities						—						—						—						1,342						—						1,342
Total long-term						32,823						—						32,823						51,725						—						51,725
Total financial instruments						$	750,461					$	42,833					$	707,628					$	707,109					$	41,494					$	665,615

Debt Instrument, Fair Value Disclosure

Carrying value and estimated fair value of long-term debt, including current maturities and without reduction for related costs, are as follows:

						As of December 31, 2025												As of December 31, 2024
(in thousands)						Carrying Value						Estimated Fair Value						Carrying Value						Estimated Fair Value						Fair Value Level
Long-term debt						$	1,413,205					$	1,424,251					$	1,653,737					$	1,667,275					3

X

- 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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X

- References

No definition available.

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X

- Definition

Tabular disclosure of liabilities, 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ 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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