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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Measurements  
Schedule of Company's assets and liabilities by level within the fair value hierarchy

June 30, 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)

$

141,363

$

$

$

141,363

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

376,193

376,193

Mark-to-market adjustment on forward exchange contracts

(457)

(457)

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

31,114

31,114

Total

$

548,670

$

(457)

$

$

548,213

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

Schedule of contractual maturities of our cash equivalents and investments

The following table summarizes the contractual maturities of our cash equivalents and investments as of June 30, 2025:

    

Amortized Cost

    

Fair Value

(in thousands)

Due within one year

$

517,629

$

517,556

Due after one year through two years

 

31,018

 

31,114

Total

$

548,647

$

548,670