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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Measurements

Schedule of the Company's financial assets and financial liabilities measured at fair value on a recurring basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024 and indicate the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value (in thousands):


					At June 30, 2025
					Quoted prices			Significant
					in active			other			Significant
					markets for			observable			unobservable
		June 30,			identical assets			inputs			inputs
		2025			(Level 1)			(Level 2)			(Level 3)
Assets
Cash equivalents:
Money market funds ⁽ⁱ⁾		$	40,225		$	40,225		$	-		$	-
Available for sale securities:
U.S. treasury securities ^(ii)(v)			157,276			-			157,276			-
Commercial paper ⁽ⁱⁱ⁾			1,990			-			1,990			-
Bank certificates of deposit ⁽ⁱⁱ⁾			8,608			-			8,608			-
Corporate notes ⁽ⁱⁱ⁾			13,170			-			13,170			-
Asset-backed securities ⁽ⁱⁱ⁾			4,887			-			4,887			-
Municipal bonds ⁽ⁱⁱ⁾			3,015			-			3,015			-
Investments held for deferred compensation plans ⁽ⁱⁱⁱ⁾			17,206			-			17,206			-
Total Assets		$	246,377		$	40,225		$	206,152		$	-
Liabilities
Deferred compensation plans ^(iv)		$	17,319		$	-		$	17,319		$	-
Contingent consideration ^(iv)		$	9,285		$	-		$	-		$	9,285
Total Liabilities		$	26,604		$	-		$	17,319		$	9,285

(i)

Included in cash and cash equivalents with a maturity of three months or less from date of purchase on the condensed consolidated balance sheets.

(ii)

Included in short-term investments on the condensed consolidated balance sheets.

(iii)

Included in deposits and other assets on the condensed consolidated balance sheets.

(iv)

Of the total $9.3 million, $8.7 million and $0.6 million is included in other liabilities and accrued liabilities, respectively on the condensed consolidated balance sheets.

(v)

One U.S. treasury security totaling $14,973 (in thousands) is included in cash and cash equivalents on the consolidated balance sheets, as the investment has a maturity of three months or less from the date of purchase on the consolidated balance sheets.


					At December 31, 2024
					Quoted prices			Significant
					in active			other			Significant
					markets for			observable			unobservable
		December 31,			identical assets			inputs			inputs
		2024			(Level 1)			(Level 2)			(Level 3)
Assets

Cash equivalents:
Money market funds ⁽ⁱ⁾		$	69,854		$	69,854		$	-		$	-
Available for sale securities:
U.S. treasury securities ⁽ⁱⁱ⁾		$	115,891		$	-		$	115,891		$	-
Bank certificates of deposit ⁽ⁱⁱ⁾			5,623			-			5,623			-
Corporate notes ⁽ⁱⁱ⁾			16,938			-			16,938			-
Asset-backed securities ⁽ⁱⁱ⁾			7,819			-			7,819			-
Municipal bonds ⁽ⁱⁱ⁾			3,018			-			3,018			-
Investments held for deferred compensation plans ⁽ⁱⁱⁱ⁾			14,741			-			14,741			-
Total Assets		$	233,884		$	69,854		$	164,030		$	-
Liabilities
Deferred compensation plans ^(iv)		$	14,640		$	-		$	14,640		$	-
Contingent consideration^(iv)		$	1,585		$	-		$	-		$	1,585
Total Liabilities		$	16,225		$	-		$	14,640		$	1,585

(i)

Included in cash and cash equivalents with a maturity of three months or less from date of purchase on the condensed consolidated balance sheets.

(ii)

Included in short-term investments on the condensed consolidated balance sheets.

(iii)

Included in deposits and other assets on the condensed consolidated balance sheets.

(iv)

Included in other liabilities on the condensed consolidated balance sheets.