Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Measurements

Summary of financial assets and liabilities measured on recurring basis

	March 31, 2025								December 31, 2024
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in thousands)
Financial Assets:
Cash, cash equivalents and restricted cash (1)	$	973,768	$	—	$	—	$	973,768	$	945,587	$	—	$	—	$	945,587
Municipal securities		—		17,832		—		17,832		—		22,689		—		22,689
Total financial assets	$	973,768	$	17,832	$	—	$	991,600	$	945,587	$	22,689	$	—	$	968,276

(1) Cash equivalents includes money market deposits and liquid demand deposits.