v3.26.1
Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Instrument Assets Recorded at Fair Value
The following tables summarize the Company’s financial instruments by level in the fair value hierarchy as of March 31, 2026:
Fair Value Measurements at March 31, 2026
Quoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable Inputs
(In thousands)(Level 1)(Level 2)(Level 3)Total
Assets:
Money market funds (cash equivalents)$674,400 $— $— $674,400 
Liabilities:
Term Loans$— $452,353 $— $452,353 
Senior Secured Notes$— $1,055,216 $— $1,055,216 
Senior Unsecured Notes$— $283,314 $— $283,314 
The following tables summarize the Company’s financial instruments by level in the fair value hierarchy as of December 31, 2025:
Fair Value Measurements at December 31, 2025
Quoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable Inputs
(In thousands)(Level 1)(Level 2)(Level 3)Total
Assets:
Money market funds (cash equivalents)$665,506 $— $— $665,506 
Liabilities:
Term Loans$— $512,282 $— $512,282 
Senior Secured Notes$— $1,139,512 $— $1,139,512 
Senior Unsecured Notes$— $283,400 $— $283,400