Marketable Securities (Tables)

3 Months Ended

Mar. 31, 2026

Marketable Securities

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

	Amortized		Gross Unrealized		Gross Unrealized		Fair
	Cost		Gains		Losses		Value
	(In thousands)
March 31, 2026
Marketable securities
U.S. government and municipal obligations
Maturing in one year or less	$	130,757	$	185	$	(3)	$	130,939
Maturing after one year through three years		37,617		16		(83)		37,550
Total U.S. government and municipal obligations	$	168,374	$	201	$	(86)	$	168,489
Corporate debt securities
Maturing in one year or less	$	205,565	$	84	$	(130)	$	205,519
Maturing after one year through three years		41,864		5		(148)		41,721
Total corporate debt securities	$	247,429	$	89	$	(278)	$	247,240
Total marketable securities	$	415,803	$	290	$	(364)	$	415,729
	Amortized		Gross Unrealized		Gross 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