v3.26.1
Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of the Financial Assets and Liabilities
The Company's financial assets and liabilities that are required to be measured at fair value on a recurring basis are as follows (dollars in thousands):
Fair Value Measurements as of June 30, 2026 (unaudited)
Total
Level 1 Level 2Level 3
Assets:
Cash and cash equivalents
Cash$74,614 $74,614 $— $— 
Money market funds105,339 105,339 — — 
Marketable securities
Corporate debt securities191,116 — 191,116 — 
U.S government agency securities998 998 
Other noncurrent assets
Marketable securities - restricted (SERP)785 30 755 — 
Restricted cash
1,450 1,450 — — 
Total assets at fair value$374,302 $181,433 $192,869 $— 
Liabilities:
Contingent consideration$206 $— $— $206 
Total liabilities at fair value$206 $— $— $206 
Fair Value Measurements as of December 31, 2025
Total
Level 1 Level 2Level 3
Assets:
Cash and cash equivalents
Cash$56,371 $56,371 $— $— 
Money market funds72,077 72,077 — — 
Marketable securities
Corporate debt securities164,519 — 164,519 — 
Municipal debt securities14,716 14,716 
U.S. government agency debt securities987 987 
Other noncurrent assets
Marketable securities - restricted (SERP)705 27 678 — 
Restricted Cash1,450 1,450 — $— 
Total assets at fair value$310,825 $129,925 $180,900 $— 
Liabilities:
Contingent consideration$31,258 $— $— $31,258 
Total liabilities at fair value$31,258 $— $— $31,258