The Company's financial assets and liabilities that are required to be measured at fair value on a recurring basis are as follows (dollars in thousands):


	Fair Value Measurements as of June 30, 2025 (unaudited)
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents
Cash	$	53,557	$	53,557	$	—	$	—
Money market funds	91,154		91,154		—		—
Marketable securities
Corporate debt securities	367,895		—		367,895		—
U.S government agency securities	9,990		—		9,990		—
Other noncurrent assets
Marketable securities - restricted (SERP)	660		24		636		—
Total assets at fair value	$	523,256	$	144,735	$	378,521	$	—
Liabilities:
Contingent consideration	$	—	$	—	$	—	$	—
Total liabilities at fair value	$	—	$	—	$	—	$	—


	Fair Value Measurements as of December 31, 2024
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents
Cash	$	37,830	$	37,830	$	—	$	—
Money market funds	31,501		31,501		—		—
Marketable securities
Corporate debt securities	355,201		—		355,201		—
U.S. government agency debt securities	29,080		—		29,080		—
Other noncurrent assets
Marketable securities - restricted (SERP)	635		21		614		—
Total assets at fair value	$	454,247	$	69,352	$	384,895	$	—
Liabilities:
Contingent consideration	$	47,340	$	—	$	—	$	47,340
Total liabilities at fair value	$	47,340	$	—	$	—	$	47,340