Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured On Recurring Basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy utilized to determine such fair values (in thousands):


		As of June 30, 2026
		Level 1				Level 2				Level 3				Total
Current assets
Money market funds		$	89,388			$	—			$	—			$	89,388
Pension plan assets			—				12,511				—				12,511
Corporate debt securities			—				293,761				—				293,761
U.S. Treasury securities			—				237,239				—				237,239
Total assets measured at fair value		$	89,388			$	543,511			$	—			$	632,899


		As of December 31, 2025
		Level 1				Level 2				Level 3				Total
Current assets
Money market funds		$	129,279			$	—			$	—			$	129,279
Pension plan assets			—				12,440				—				12,440
Corporate debt securities			—				99,596				—				99,596
U.S. Treasury securities			—				147,625				—				147,625
Total assets measured at fair value		$	129,279			$	259,661			$	—			$	388,940