Changes in Accumulated Other Comprehensive Loss by Component

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

Changes in Accumulated Other Comprehensive Loss by Component

Note 6 — Changes in Accumulated Other Comprehensive Loss by Component

For the years ended December 31, 2025, 2024 and 2023, the Company’s accumulated other comprehensive loss consisted of unrealized gains and losses from the Company’s available-for-sale marketable securities and restricted marketable securities. The following tables provide a summary of the changes in accumulated other comprehensive loss, net of taxes:

	Unrealized Gains and (Losses) on Available-for-Sale Securities1
	Year Ended December 31,
	2025		2024		2023
	(in thousands)
Accumulated other comprehensive loss — beginning balance	$	(2,317)	$	(1,844)	$	(3,477)
Other comprehensive income (loss) before reclassifications	2,015		(753)		1,624
(Loss) income reclassified from other comprehensive loss²	(146)		280		9
Net current period other comprehensive income (loss)³	1,869		(473)		1,633
Accumulated other comprehensive loss — ending balance	$	(448)	$	(2,317)	$	(1,844)

1.All amounts are net of tax.

2.Realized gains and losses were recorded pre-tax under “Investment and other income, net” in the Consolidated Statements of Comprehensive Income. For the years ended December 31, 2025, 2024 and 2023, the Company recorded $0.2 million of realized gains, $0.4 million of realized losses, and less than $0.1 million in realized losses, respectively from the sale of available-for-sale securities. Refer to Note 10 — Fair Value Measurements herein for further information.

3.For the year ended December 31, 2025, the change in accumulated other comprehensive loss was net of a tax expense of $0.4 million. For the years ended December 31, 2024 and 2023, the change in accumulated other comprehensive loss was net of a tax benefit of $0.1 million and expense of $0.4 million, respectively.

	Amounts Reclassified from Accumulated Other Comprehensive Loss
	Year Ended December 31,
	2025		2024		2023
	(in thousands)
Gains (losses) from the sale of available-for-sale securities	$	185	$	(355)	$	(12)
Tax (expense) benefit	(39)		75		3
Net gain (loss) reclassified from accumulated other comprehensive income	$	146	$	(280)	$	(9)