Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value of the Financial Assets and Liabilities

The Company’s financial assets and liabilities that are required to be measured at fair value on a recurring basis are as follows (dollars in thousands):

	Fair Value Measurements as of September 30, 2024 (unaudited)
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents
Cash	$	31,080	$	31,080	$	—	$	—
Money market funds	593		593		—		—
Marketable securities
Corporate, U.S. government agency and municipal debt securities	371,537		—		371,537		—
Other noncurrent assets
Marketable securities - restricted (SERP)	635		19		616		—
Total assets at fair value	$	403,845	$	31,692	$	372,153	$	—
Liabilities:
Contingent consideration	$	46,984	$	—	$	—	$	46,984
Total liabilities at fair value	$	46,984	$	—	$	—	$	46,984

	Fair Value Measurements as of December 31, 2023
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents
Cash	$	35,957	$	35,957	$	—	$	—
Money market funds	39,097		39,097		—		—
Marketable securities
Corporate, U.S. government agency and municipal debt securities	179,820		—		179,820		—
Long-term marketable securities
Corporate and municipal debt securities	16,617		—		16,617		—
Other noncurrent assets
Marketable securities - restricted (SERP)	568		16		552		—
Total assets at fair value	$	272,059	$	75,070	$	196,989	$	—
Liabilities:
Contingent consideration	$	53,450	$	—	$	—	$	53,450
Total liabilities at fair value	$	53,450	$	—	$	—	$	53,450