Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2025

Marketable Securities

Schedule of marketable debt securities, classified as available-for-sale

			Gross		Gross
	Amortized		Unrealized		Unrealized		Fair
	Cost		Gains		Losses		Value
	(In thousands)
December 31, 2025
Marketable securities
U.S. government and municipal obligations
Maturing in one year or less	$	151,270	$	479	$	—	$	151,749
Maturing after one year through three years		42,358		127		—		42,485
Total U.S. government and municipal obligations	$	193,628	$	606	$	—	$	194,234
Corporate debt securities
Maturing in one year or less	$	257,064	$	373	$	—	$	257,437
Maturing after one year through three years		37,980		55		(4)		38,031
Total corporate debt securities	$	295,044	$	428	$	(4)	$	295,468
Total marketable securities	$	488,672	$	1,034	$	(4)	$	489,702
December 31, 2024
Marketable securities
U.S. government and municipal obligations
Maturing in one year or less	$	185,388	$	467	$	—	$	185,855
Maturing after one year through three years		102,331		316		(144)		102,503
Total U.S. government and municipal obligations	$	287,719	$	783	$	(144)	$	288,358
Corporate debt securities
Maturing in one year or less	$	336,350	$	350	$	(54)	$	336,646
Maturing after one year through three years		72,139		36		(254)		71,921
Total corporate debt securities	$	408,489	$	386	$	(308)	$	408,567
Total marketable securities	$	696,208	$	1,169	$	(452)	$	696,925