v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and liabilities at Fair Value on Recurring Basis
Assets and liabilities carried at fair value on a recurring basis consisted of the following (in thousands):
June 30, 2026December 31, 2025
Fair ValueLevel 1Level 2Level 3Fair ValueLevel 1Level 2Level 3
Assets:
Assets held in rabbi trust$13,987 $— $13,987 $— $13,476 $— $13,476 $— 
Convertible notes$5,774 $— $— $5,774 $5,630 $— $— $5,630 
Cash equivalents (1):
Commercial paper$25,651 $— $25,651 $— $2,396 $— $2,396 $— 
Money market funds28,603 28,603 — — 78,686 78,686 — — 
$54,254 $28,603 $25,651 $— $81,082 $78,686 $2,396 $— 
Marketable debt securities, available-for-sale:
Short-term investments:
U.S. treasuries$9,752 $9,752 $— $— $— $— $— $— 
Corporate debt47,497 — 47,497 — 90,564 — 90,564 — 
$57,249 $9,752 $47,497 $— $90,564 $— $90,564 $— 
Long-term investments:
U.S. treasuries$21,576 $21,576 $— $— $29,259 $29,259 $— $— 
U.S. government sponsored entities4,009 — 4,009 — 2,461 — 2,461 — 
Corporate debt48,044 — 48,044 — 54,257 — 54,257 — 
ABS and other60,817 — 60,817 — 59,724 — 59,724 — 
$134,446 $21,576 $112,870 $— $145,701 $29,259 $116,442 $— 
Liabilities:
Contingent consideration$722 $— $— $722 $720 $— $— $720 
Deferred compensation liability$10,459 $10,459 $— $— $9,786 $9,786 $— $— 
(1)Included in cash, cash equivalents, and restricted cash on the accompanying condensed consolidated balance sheets.
Schedule of Reconciliation of Contingent Consideration Measured at Fair Value on Recurring Basis
A reconciliation of contingent consideration measured at fair value on a recurring basis consisted of the following (in thousands):
Six Months Ended June 30,
20262025
Beginning balance$720 $4,731 
Change in fair value of contingent consideration(1)
252 519 
Payments of contingent consideration(250)(4,430)
Ending balance$722 $820 
(1)Includes immaterial impact of foreign currency translation.
Schedule of Fair Value Liabilities Measured On Recurring Basis Valuation Techniques
Quantitative information about the valuation technique and significant unobservable inputs used in the valuation of the Company’s Level 3 financial liabilities measured at fair value on a recurring basis consisted of the following (dollars in thousands):
Fair Value at
June 30, 2026		Valuation TechniqueUnobservable inputs
Range (Weighted Average)(1)
Contingent
consideration
$722 Discounted cash flowExpected life of cash flows
0.5-1.3 years
 (0.5 years)
Discount rate
5.7%-5.8%
(5.7%)
Probability of achievement
0.1%-100.0%
(100.0%)
Fair Value at
December 31, 2025		Valuation TechniqueUnobservable inputs
Range (Weighted Average)(1)
Contingent
consideration
$720 Discounted cash flowExpected life of cash flows
1.0-1.8 years
 (1.0 year)
Discount rate
5.2%-5.2%
(5.2%)
Probability of achievement
0.3%-100.0%
(99.8%)
(1)Unobservable inputs were weighted by the relative fair value of the instruments.