Changes in Accumulated Other Comprehensive Loss by Component (Tables)

9 Months Ended

Sep. 30, 2025

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The following table provides a summary of the changes in accumulated other comprehensive loss for the nine months ended September 30, 2025 and 2024:

	Unrealized Gains and Losses on Available-for-Sale Securities¹
	Nine Months Ended September 30,
	2025		2024
	(in thousands)
Accumulated other comprehensive loss — beginning balance	$	(2,317)	$	(1,844)
Other comprehensive income before reclassifications	1,598		1,049
(Income) loss reclassified from other comprehensive income²	(10)		271
Net current period other comprehensive income³	1,588		1,320
Accumulated other comprehensive loss — ending balance	$	(729)	$	(524)

1.All amounts are net of tax.

2.Realized gains and losses were recorded pre-tax within “Investment and other income, net” in the Consolidated Statements of Comprehensive Income. For the nine months ended September 30, 2025 and 2024, the Company recorded realized gains of less than $0.1 million and realized losses of $0.3 million, respectively from the sale of available-for-sale securities. Refer to Note 10—Fair Value Measurements herein for further information.

3.For the nine months ended September 30, 2025 and 2024, the changes in accumulated other comprehensive loss were net of a tax expense of $0.2 million and a tax benefit of $0.1 million, respectively.

Schedule of Reclassification out of Accumulated Other Comprehensive Loss

The following table provides a rollforward of amounts reclassified from accumulated other comprehensive loss to realized gains (losses) for the three and nine months ended September 30, 2025 and 2024:

	Amounts Reclassified from Accumulated Other Comprehensive Loss
	2025		2024
	(in thousands)
Three Months Ended September 30,
Gains (losses) from the sale of available-for-sale securities	$	14	$	(6)
Tax (expense) benefit	(3)		2
Net gains (losses) reclassified from accumulated other comprehensive loss	$	11	$	(4)
Nine Months Ended September 30,
Gains (losses) from the sale of available-for-sale securities	$	13	$	(343)
Tax (expense) benefit	(3)		72
Net gains (losses) reclassified from accumulated other comprehensive loss	$	10	$	(271)