Fair Value Measurements and Derivative Instruments (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Fair Value Disclosures [Abstract] |
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| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
The following tables show the financial assets and liabilities accounted for at fair value on a recurring basis by level within the fair value hierarchy. | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Level 1 | | Level 2 | | Level 3 | | Total | | Assets: | | | | | | | | | | | | | | | | | Money market funds | $ | 23,665 | | | $ | — | | | $ | — | | | $ | 23,665 | | Mutual funds | 11,721 | | | — | | | — | | | 11,721 | | | | | | | | | | Government securities | 116 | | | 13,617 | | | — | | | 13,733 | | | Corporate debt securities | — | | | 43,265 | | | — | | | 43,265 | | Mortgage-backed securities | — | | | 85,560 | | | — | | | 85,560 | | Asset-backed securities | — | | | 19,950 | | | — | | | 19,950 | | | | | | | | | | | | | | | | | | | | | | | | | | | Total assets | $ | 35,502 | | | $ | 162,392 | | | $ | — | | | $ | 197,894 | | | Liabilities: | | | | | | | | | | | | | | | | Deferred compensation obligations | $ | — | | | $ | 12,790 | | | $ | — | | | $ | 12,790 | | | | | | | | | | | Total liabilities | $ | — | | | $ | 12,790 | | | $ | — | | | $ | 12,790 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Level 1 | | Level 2 | | Level 3 | | Total | | Assets: | | | | | | | | | | | | | | | | | Money market funds | $ | 47,239 | | | $ | — | | | $ | — | | | $ | 47,239 | | | | | | | | | | Mutual funds | 11,852 | | | — | | | — | | | 11,852 | | Government securities | 120 | | | 13,366 | | | — | | | 13,486 | | | Corporate debt securities | — | | | 43,895 | | | — | | | 43,895 | | Mortgage-backed securities | — | | | 89,002 | | | — | | | 89,002 | | Asset-backed securities | — | | | 20,203 | | | — | | | 20,203 | | | | | | | | | | | | | | | | | | | | | | | | | | | Total assets | $ | 59,211 | | | $ | 166,466 | | | $ | — | | | $ | 225,677 | | | Liabilities: | | | | | | | | | | | | | | | | Deferred compensation obligations | $ | — | | | $ | 13,741 | | | $ | — | | | $ | 13,741 | | | | | | | | | | | Total liabilities | $ | — | | | $ | 13,741 | | | $ | — | | | $ | 13,741 | |
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| Schedule of Available-for-sale Securities Reconciliation |
Available-for-sale securities consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Amortized cost | | Gross unrealized gains | | Gross unrealized losses | | Estimated fair value | | Mutual funds | $ | 1,913 | | | $ | — | | | $ | (189) | | | $ | 1,724 | | | Government securities | 18,956 | | | — | | | (5,223) | | | 13,733 | | | Corporate debt securities | 49,083 | | | — | | | (5,818) | | | 43,265 | | | Mortgage-backed securities | 104,353 | | | — | | | (18,793) | | | 85,560 | | | Asset-backed securities | 19,951 | | | 20 | | | (21) | | | 19,950 | | | Total | $ | 194,256 | | | $ | 20 | | | $ | (30,044) | | | $ | 164,232 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortized cost | | Gross unrealized gains | | Gross unrealized losses | | Estimated fair value | | Mutual funds | $ | 1,886 | | | $ | — | | | $ | (171) | | | $ | 1,715 | | | Government securities | 19,043 | | | — | | | (5,557) | | | 13,486 | | | Corporate debt securities | 49,481 | | | — | | | (5,586) | | | 43,895 | | Mortgage-backed securities | 107,652 | | | — | | | (18,650) | | | 89,002 | | Asset-backed securities | 19,947 | | | 256 | | | — | | | 20,203 | | | Total | $ | 198,009 | | | $ | 256 | | | $ | (29,964) | | | $ | 168,301 | |
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| Schedule of Available-for-sale Securities |
The fair value of available-for-sale securities is reported on our Condensed Consolidated Balance Sheet as follows: | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | Short-term investments | | | | | $ | 1,724 | | | $ | 1,715 | | Other assets | | | | | 162,508 | | | 166,586 | | | Total | | | | | $ | 164,232 | | | $ | 168,301 | |
Scheduled maturities of available-for-sale securities at June 30, 2026 were as follows: | | | | | | | | | | | | | Amortized cost | | Estimated fair value | | Within 1 year | $ | 1,913 | | | $ | 1,724 | | | After 1 year through 5 years | 37,172 | | | 33,657 | | | After 5 years through 10 years | 28,985 | | | 27,914 | | | After 10 years | 126,186 | | | 100,937 | | | Total | $ | 194,256 | | | $ | 164,232 | |
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| Schedule of Unrealized Holding Losses |
Investment securities in a loss position were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Fair Value | | Gross unrealized losses | | Fair Value | | Gross unrealized losses | | Greater than 12 continuous months | | | | | | | | | Mutual funds | $ | 1,724 | | | $ | 189 | | | $ | 1,715 | | | $ | 171 | | | Government securities | 13,733 | | | 5,223 | | | 13,486 | | | 5,557 | | | Corporate debt securities | 43,265 | | | 5,818 | | | 43,895 | | | 5,586 | | Mortgage-backed securities | 85,560 | | | 18,793 | | | 89,002 | | | 18,650 | | | | | | | | | | | Total | $ | 144,282 | | | $ | 30,023 | | | $ | 148,098 | | | $ | 29,964 | | | | | | | | | | | Less than 12 continuous months | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Asset-backed securities | $ | 4,968 | | | $ | 21 | | | $ | — | | | $ | — | | | Total | $ | 4,968 | | | $ | 21 | | | $ | — | | | $ | — | |
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| Schedule of Fair Value, by Balance Sheet Grouping |
| | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Carrying value | $ | 2,033,894 | | | $ | 1,993,038 | | | Fair value | $ | 1,968,425 | | | $ | 1,954,304 | |
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| Schedule of Carrying Value and Fair Value of Investments |
The carrying value and fair value of investments classified as held-to-maturity is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | | Carrying value | | Fair value | | Carrying value | | Fair value | Government securities | | $ | 21,284 | | | $ | 21,151 | | | $ | 19,865 | | | $ | 19,787 | | | | | | | | | | | | | | | | | | | | Other | | 4,367 | | | 4,082 | | | 4,408 | | | 4,134 | | Total | | $ | 25,651 | | | $ | 25,233 | | | $ | 24,273 | | | $ | 23,921 | |
The carrying value of held-to-maturity securities is reported on our Condensed Consolidated Balance Sheet as follows: | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | Short-term investments | | | | | $ | 10,197 | | | $ | 10,522 | | Other assets | | | | | 15,454 | | | 13,751 | | | Total | | | | | $ | 25,651 | | | $ | 24,273 | |
Scheduled maturities of held-to-maturity securities at June 30, 2026 were as follows: | | | | | | | | | | | | | Carrying value | | Fair value | | Within 1 year | $ | 10,197 | | | $ | 10,087 | | | After 1 year through 5 years | 9,390 | | | 9,385 | | | | | | | After 10 years | 6,064 | | | 5,761 | | | Total | $ | 25,651 | | | $ | 25,233 | |
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