Investments (Tables)

6 Months Ended

Jun. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Summary of Investment

Details of our investments are as follows (in thousands):

	June 30, 2025
	Cash and Cash		Long-Term
	Equivalents		Investment
Measured at fair value:
Available-for-sale securities:
Money market funds	$	298,083	$	—
Failed Auction Security		—		2,584
Total		298,083		2,584
Other measurement basis:
Cash on hand		40,458		—
Total	$	338,541	$	2,584

	December 31, 2024
	Cash and Cash		Long-Term
	Equivalents		Investment
Measured at fair value:
Available-for-sale securities:
Money market funds	$	246,745	$	—
Failed Auction Security		—		2,641
Total		246,745		2,641
Other measurement basis:
Cash on hand		30,528		—
Total	$	277,273	$	2,641

Summary of Available-for-Sale Securities

The following is a summary of the available-for-sale securities (in thousands):

			Gross		Gross		Estimated
			Unrealized		Unrealized		Fair
June 30, 2025	Cost		Gains		Losses		Value
Failed Auction Security	$	3,000		—		416	$	2,584

			Gross		Gross		Estimated
			Unrealized		Unrealized		Fair
December 31, 2024	Cost		Gains		Losses		Value
Failed Auction Security	$	3,000		—		359	$	2,641

Cost and Estimated Fair Value of Failed Auction Security by Contractual Maturities

The amortized cost and estimated fair value of the available-for-sale securities on June 30, 2025, by type and contractual maturities, are shown below (in thousands):

			Estimated
	Cost		Fair Value
Failed Auction Security:
Due in seventeen years	$	3,000	$	2,584