Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Fair Values of Financial Instruments Measured On Recurring Basis

The following tables present the fair values of the Company’s financial assets or liabilities that are measured at fair value on a recurring basis (in thousands):

March 31, 2025	Level 1		Level 2		Level 3		Fair Value		Carrying Value
Assets:
Cash equivalents:
Money market and other funds	$	104,489	$	—	$	—	$	104,489	$	104,489
Long-term investments:
Investment in corporate debt securities	—		—		18,156		18,156		18,156
Total assets measured at fair value	$	104,489	$	—	$	18,156	$	122,645	$	122,645
Liabilities:
Contingent consideration	$	—	$	—	$	1,031	$	1,031	$	1,031
Total liabilities measured at fair value	$	—	$	—	$	1,031	$	1,031	$	1,031

December 31, 2024	Level 1		Level 2		Level 3		Fair Value		Carrying Value
Assets:
Cash equivalents:
Money market and other funds	$	85,833	$	—	$	—	$	85,833	$	85,833
Long-term investments:
Investment in corporate debt securities	—		—		17,788		17,788		17,788
Total assets measured at fair value	$	85,833	$	—	$	17,788	$	103,621	$	103,621
Liabilities:
Contingent consideration	$	—	$	—	$	2,834	$	2,834	$	2,834
Total liabilities measured at fair value	$	—	$	—	$	2,834	$	2,834	$	2,834

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a reconciliation of the Company’s Level 3 financial assets related to our contingent consideration arrangements and investment in corporate debt securities that are measured at fair value on a recurring basis (in thousands):

	Three months ended March 31,
	2025				2024
	Contingent Consideration Arrangements		Corporate Debt Securities		Contingent Consideration Arrangements		Corporate Debt Securities
Balance as of January 1	$	2,834	$	17,788	$	2,834	$	15,699
Fair value adjustments (1)	(1,803)		368		—		(82)
Balance as of March 31	$	1,031	$	18,156	$	2,834	$	15,617

(1)The fair value adjustments to the contingent consideration arrangements in the table above were recorded within ‘General, administrative, and other related costs’ in the Condensed Consolidated Statements of Operations during the three months ended March 31, 2025. The fair value adjustments to the corporate debt securities in the table above were recorded in ‘Change in fair value on available-for-sale investments, net’ in the Condensed Consolidated Statements of Comprehensive Income (Loss) during the three months ended March 31, 2025 and 2024.

Schedule of Carrying and Fair Values

The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes (in thousands):

	March 31, 2025				December 31, 2024
	Carrying Value		Fair Value		Carrying Value		Fair Value
4.625% Senior Notes	$	457,318	$	416,334	$	457,211	$	420,935
1.75% Convertible Notes	$	148,309	$	140,256	$	148,186	$	139,976
3.625% Convertible Notes	$	259,202	$	244,727	$	258,885	$	259,200