The following table summarizes the fair value of our assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2025 (in thousands):


	Fair Value Measurements at June 30, 2025
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at June 30, 2025
Assets:
Cash and cash equivalents	$	398,466	$	—	$	—	$	398,466
Short-term investments	34,574		—		—		34,574

Rabbi trust assets	—		13,293		—		13,293
Liabilities:
Deferred compensation	—		13,384		—		13,384

The following table summarizes the fair value of our assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2024 (in thousands):


	Fair Value Measurements at September 30, 2024
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at September 30, 2024
Assets:
Cash and cash equivalents	$	315,331	$	—	$	—	$	315,331
Short-term investments	43,061		—		—		43,061

Rabbi trust assets	—		12,324		—		12,324
Liabilities:
Deferred compensation	—		12,027		—		12,027