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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Measurements  
Schedule of Company's assets and liabilities by level within the fair value hierarchy

March 31, 2025

 

Fair Value Measurements

 

    

Level 1

    

Level 2

    

Level 3

    

Total

 

(in thousands)

 

Assets

Cash equivalents and other short-term investments:

Cash equivalents (money market funds, U.S. Government Securities and Agency Investments)

$

141,225

$

$

$

141,225

Short-term investments (U.S. Government Securities and Agency Investments)

403,102

403,102

Mark-to-market adjustment on forward exchange contracts

130

130

Total

$

544,327

$

130

$

$

544,457

December 31, 2024

 

Fair Value Measurements

 

    

Level 1

    

Level 2

    

Level 3

    

Total

 

(in thousands)

 

Assets

Cash equivalents and other short-term investments:

Cash equivalents (money market funds, U.S. Government Securities and Agency Investments)

$

81,320

$

$

$

81,320

Short-term investments (U.S. Government Securities and Agency Investments)

448,296

448,296

Mark-to-market adjustment on forward exchange contracts

267

267

Total

$

529,616

$

267

$

$

529,883