v3.25.4
Employee Benefit Plans
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Employee Benefit Plans Employee Benefit Plans
Defined contribution plan
In January 2009, the Company adopted a 401(k) retirement savings plan, or 401(k) Plan, covering substantially all employees. The 401(k) Plan also provides for employer contributions to be made at the Company's discretion. The Company makes matching contributions equal to 50% of employee contributions, up to 6% of each participant's compensation. Employees are eligible to participate upon date of hire and are immediately vested in all matching contributions. The Company's policy prohibits participants from direct investment in shares of its common stock within the plan. The Company's contributions charged to expense were $7.7 million, $7.8 million and $7.8 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Defined benefit plan
The Company maintains a gratuity plan in India, or the Gratuity Plan, that is a statutory post-employment benefit plan providing defined lump sum benefits to vested employees on retirement or upon termination of employment in an amount based on the respective employee's salary and years of employment with the Company. Beginning in 2025, the Company makes annual contributions to the employees' gratuity fund established with a government-owned insurance corporation to fund a portion of the estimated obligation. As of December 31, 2025, the projected benefit obligation was approximately $1.6 million, and the liability is presented as accrued compensation on the consolidated balance sheet as of December 31, 2025. The Company recognized total expense of $0.6 million related to the Gratuity Plan in the year ended December 31, 2025.