Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of valuation of the company's investments and financial instruments that are measured at fair value on a recurring basis

The following table summarizes the valuation of the Company’s financial assets and liabilities that are measured at fair value on a recurring basis:


	June 30, 2026								December 31, 2025
			Fair value measurement category								Fair value measurement category
(In thousands)	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets:
Money market funds	$	60,431	$	60,431	$	—	$	—	$	38,110	$	38,110	$	—	$	—
Commercial paper (a)	5,743		—		5,743		—		7,111		—		7,111		—
Corporate notes	85,950		—		85,950		—		83,034		—		83,034		—
U.S. government agency bonds	10,380		—		10,380		—		10,651		—		10,651		—
U.S. government securities (a)	46,608		—		46,608		—		47,766		—		47,766		—
	$	209,112	$	60,431	$	148,681	$	—	$	186,672	$	38,110	$	148,562	$	—

Liabilities:
Deferred compensation plan liabilities	$	1,478	$	—	$	1,478	$	—	$	1,422	$	—	$	1,422	$	—
Total liabilities	$	1,478	$	—	$	1,478	$	—	$	1,422	$	—	$	1,422	$	—

(a) Approximately $46.6 million of U.S. government securities had an original maturity of 90 days or less and were recorded as a cash equivalent as of June 30, 2026. Approximately $47.8 million of U.S. government securities and $2.0 million of commercial paper had an original maturity of 90 days or less and were recorded as a cash equivalent as of December 31, 2025.