Changes in Accumulated Other Comprehensive Loss by Component (Tables)

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss

The following table provides a summary of the changes in accumulated other comprehensive loss for the three months ended March 31, 2026 and 2025:

	Unrealized Gains and Losses on Available-for-Sale Securities¹
	Three Months Ended March 31,
	2026		2025
	(in thousands)
Accumulated other comprehensive loss — beginning balance	$	(448)	$	(2,317)
Other comprehensive (loss) income before reclassifications	(355)		501
(Loss) income reclassified from other comprehensive income²	(32)		2
Net current period other comprehensive (loss) income³	(387)		503
Accumulated other comprehensive loss — ending balance	$	(835)	$	(1,814)

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 three months ended March 31, 2026 and 2025, the Company recorded realized losses of less than $0.1 million from the sale of available-for-sale securities. Refer to Note 10—Fair Value Measurements herein for further information.

3.For each of the three months ended March 31, 2026 and 2025, the changes in accumulated other comprehensive loss were net of a tax expense of less than $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 losses for the three and three months ended March 31, 2026 and 2025:

	Amounts Reclassified from Accumulated Other Comprehensive Loss
	2026		2025
	(in thousands)
Three Months Ended March 31,
Losses from the sale of available-for-sale securities	$	(40)	$	(2)
Tax benefit	8		—
Net losses reclassified from accumulated other comprehensive loss	$	(32)	$	(2)