v3.26.1
Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Recorded at Fair Value on Recurring Basis

Balance at

 

Balance Sheet

Basis of Fair Value Measurement

 

(in thousands)

June 30, 2026

 

Location

Level 1

 

Level 2

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

Money market mutual funds

$

151,116

 

Other noncurrent assets

$

151,116

 

 

 

 

 

Certificates of deposit

 

2,200

 

Other noncurrent assets

 

 

 

2,200

 

 

 

Non-marketable securities

 

115,248

 

Other noncurrent assets

 

 

 

 

 

115,248

 

Deferred compensation assets

 

59,748

 

Other noncurrent assets

 

59,748

 

 

 

 

 

 

$

328,312

 

 

$

210,864

 

$

2,200

 

$

115,248

 

Liabilities:

 

 

 

 

 

 

 

 

 

Deferred compensation liability

 

59,748

 

Other noncurrent liabilities

 

59,748

 

 

 

 

 

Foreign currency forward exchange contracts

 

65

 

Accounts payable and other liabilities

 

 

 

65

 

 

 

 

$

59,813

 

 

$

59,748

 

$

65

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

Balance Sheet

Basis of Fair Value Measurement

 

(in thousands)

December 31, 2025

 

Location

Level 1

 

Level 2

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

Money market mutual funds

$

150,948

 

Other noncurrent assets

$

150,948

 

 

 

 

 

Certificates of deposit

 

2,200

 

Other noncurrent assets

 

 

 

2,200

 

 

 

Non-marketable securities

 

115,248

 

Other noncurrent assets

 

 

 

 

 

115,248

 

Deferred compensation assets

 

55,160

 

Other noncurrent assets

 

55,160

 

 

 

 

 

Foreign currency forward exchange contracts

 

1,163

 

Other current assets

 

 

 

1,163

 

 

 

 

$

324,719

 

 

$

206,108

 

$

3,363

 

$

115,248

 

Liabilities:

 

 

 

 

 

 

 

 

 

Deferred compensation liability

 

55,160

 

Other noncurrent liabilities

 

55,160

 

 

 

 

 

 

$

55,160

 

 

$

55,160

 

$

-

 

$

-