v3.26.1
Derivatives and Risk Management (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments in Statement of Financial Position
The following tables present the fair value and the location of derivative contracts reported on the condensed consolidated balance sheets (in thousands):
Derivative AssetsDerivative Liabilities
March 31, 2026Balance Sheet LocationFair ValueBalance Sheet LocationFair Value
Derivatives Not Designated as Hedging Instruments:
2029 Capped CallsLong-term derivative assets$38,277 
2029 Embedded DerivativeLong-term derivative liabilities$93,254 
FX derivative contractsAccrued liabilities and other613 
Total derivatives not designated as hedging instruments$38,277 $93,867 
Derivative AssetsDerivative Liabilities
December 31, 2025Balance Sheet LocationFair ValueBalance Sheet LocationFair Value
Derivatives Not Designated as Hedging Instruments:
2029 Capped CallsLong-term derivative assets$36,551 
2029 Embedded DerivativeLong-term derivative liabilities$83,904 
FX derivative contractsPrepaid expenses and other current assets165 Accrued liabilities and other99 
Total derivatives not designated as hedging instruments$36,716 $84,003