FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Assets and Liabilities Measured at Fair Value

Assets and liabilities measured at fair value on a recurring basis:


	March 31, 2025								December 31, 2024
(in thousands)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cash equivalents	$	6,606	$	7,482	$	—	$	14,088	$	5,318	$	148,926	$	—	$	154,244
Marketable securities	$	—	$	140,607	$	—	$	140,607	$	—	$	402,870	$	—	$	402,870
Capped Call Transactions	$	—	$	—	$	—	$	—	$	—	$	223	$	—	$	223
Venture investments	$	—	$	—	$	21,715	$	21,715	$	—	$	—	$	21,234	$	21,234

Schedule of Changes in Venture Investments

Changes in venture investments:


	Three Months Ended March 31,
(in thousands)	2025		2024
January 1,	$	21,234	$	19,450
New investments	200		250

Changes in foreign exchange rates	65		(20)
Changes in fair value:
included in other income, net	751		1,628
included in other comprehensive income (loss)	(535)		(362)
March 31,	$	21,715	$	20,946

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details