Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31, 2025 (unaudited)
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents
Cash	$	28,460	$	28,460	$	—	$	—
Money market funds	87,388		87,388		—		—
Marketable securities
Corporate debt securities	337,747		—		337,747		—
U.S government agency securities	9,995		0		9,995		0
Other noncurrent assets
Marketable securities - restricted (SERP)	617		23		594		—
Total assets at fair value	$	464,207	$	115,871	$	348,336	$	—
Liabilities:
Contingent consideration	$	30,000	$	30,000	$	—	$	—
Total liabilities at fair value	$	30,000	$	30,000	$	—	$	—

	Fair Value Measurements as of December 31, 2024
	Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents
Cash	$	37,830	$	37,830	$	—	$	—
Money market funds	31,501		31,501		—		—
Marketable securities
Corporate debt securities	355,201		—		355,201		—
U.S. government agency debt securities	29,080		0		29,080		0
Other noncurrent assets
Marketable securities - restricted (SERP)	635		21		614		—
Total assets at fair value	$	454,247	$	69,352	$	384,895	$	—
Liabilities:
Contingent consideration	$	47,340	$	—	$	—	$	47,340
Total liabilities at fair value	$	47,340	$	—	$	—	$	47,340