Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize assets and liabilities measured at fair value on a recurring basis:

	March 31, 2024
(In thousands)	Total		Quoted market prices in active markets (Level 1)		Significant other observable inputs (Level 2)
Assets:
Cash equivalents: money-market funds	$	27,848	$	27,848	$	—
Available-for-sale investments: U.S. treasury securities(1)		108,100		—		108,100
Trading securities: mutual funds(1)		8,492		8,492		—
Available-for-sale investments: convertible debt securities(1)		173		—		173
Foreign currency forward contracts(2)		168	—			168
Total assets measured at fair value	$	144,781	$	36,340	$	108,441
Liabilities:
Foreign currency forward contracts(3)	$	45	$	—	$	45
Total liabilities measured at fair value	$	45	$	—	$	45

	December 31, 2023
(In thousands)	Total		Quoted market prices in active markets (Level 1)		Significant other observable inputs (Level 2)
Assets:
Cash equivalents: money-market funds	$	25,986	$	25,986	$	—
Available-for-sale investments: U.S. treasury securities(1)		98,454		—		98,454
Trading securities: mutual funds(1)		8,304		8,304		—
Available-for-sale investments: convertible debt securities(1)		173		—		173
Foreign currency forward contracts(2)		291	—			291
Total assets measured at fair value	$	133,208	$	34,290	$	98,918
Liabilities:
Foreign currency forward contracts(3)	$	1,691	$	—	$	1,691
Total liabilities measured at fair value	$	1,691	$	—	$	1,691

(1)Included in Short-term investments on the Company’s unaudited condensed consolidated balance sheets.

(2)Included in Prepaid expenses and other current assets on the Company’s unaudited condensed consolidated balance sheets.

(3)Included in Other accrued liabilities on the Company's unaudited condensed consolidated balance sheets.