v3.26.1
Fair Value Measurements
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following table presents information about the Company's short-term marketable debt securities measured at fair value on a recurring basis and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:
(in thousands)
March 31, 2026
December 31, 2025
Level 2
Total
Level 2
Total
Eurocommercial Papers
$
29,717 
$
29,717 
$
— 
$
— 
Certificates of Deposit
29,714 
29,714 
59,451 
59,451 
Total
$
59,431 
$
59,431 
$
59,451 
$
59,451 
Cash and accounts payable approximate their fair values as of March 31, 2026 and December 31, 2025, due to their short-term nature. Pension plan assets fair value is determined based on Level 2 inputs. The fair value of the long-term debt is estimated using the net present value of the payments, discounted at an interest rate that is consistent with a market interest rate, which is a Level 2 input as it is not actively traded. As of March 31, 2026, long-term debt of $99.0 million is reported at amortized cost which approximates the fair value.