The following tables set forth by level, within the fair value hierarchy, the Company’s financial and non-financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2026 and December 31, 2025. Financial and non-financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the determination of fair value for assets and liabilities and their placement within the fair value hierarchy levels.


	June 30, 2026
	Total Fair Value		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Trading securities (1)	$	65,340	$	—	$	65,340	$	—

(1) Includes $30,887 classified as Short-term investments and $34,453 classified as Long-term restricted investments on the Company’s Condensed Consolidated Balance Sheets.


	December 31, 2025
	Total Fair Value		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Trading securities (1)	$	83,938	$	—	$	83,938	$	—

(1) Includes $49,582 classified as Short-term investments and $34,356 classified as Long-term restricted investments on the Company’s Condensed Consolidated Balance Sheets.