FAIR VALUE MEASUREMENTS

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS

The Company measures certain financial assets and liabilities at fair value in accordance with the policy described in Note 1 – Business Overview and Significant Accounting Policies to the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

Other than the Company’s fixed-rate convertible debt disclosed in Note 6 – Debt, there were no financial assets or liabilities that were remeasured using quoted prices in active markets for identical assets (Level 1) as of June 30, 2025 or December 31, 2024. The Company had no financial assets or liabilities that are remeasured on a recurring basis using unobservable inputs that reflect estimates and assumptions (Level 3) as of June 30, 2025 or December 31, 2024.

Level 2 assets and liabilities that are remeasured using significant observable inputs consisted of the following: 

	June 30, 2025		December 31, 2024
Assets:
Other current assets:
NQDC Plan assets	$	3,217	$	2,928
Other assets:
NQDC Plan assets	39,278		34,978
Restricted investments (1)	369		514
Total other assets	39,647		35,492
Total assets	$	42,864	$	38,420
Liabilities:
Accounts payable and accrued liabilities:
NQDC Plan liability	$	3,217	$	2,928
Other long-term liabilities:
NQDC Plan liability	39,278		34,978
Total liabilities	$	42,495	$	37,906

(1)     The restricted investments as of June 30, 2025 and December 31, 2024 secure the Company’s irrevocable standby letters of credit obtained in connection with certain commercial agreements.

There were no transfers between levels during the three and six months ended June 30, 2025.