Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Measurements

Schedule of assets measured at fair value on a recurring basis

Assets measured at fair value on a recurring basis are summarized below (in thousands):

	Fair Value Measurements as of June 30, 2025
	Total		Level 1		Level 2		Level 3
Marketable Securities
Bonds and bond funds	$	315,597	$	—	$	315,597	$	—
Commercial paper		363,094		—		363,094		—
		678,691		—		678,691		—
Investments in Other Companies		10,290		—		—		10,290
Cash and Cash Equivalents		48,330		48,330		—		—
Total Assets Measured at Fair Value	$	737,311	$	48,330	$	678,691	$	10,290

	Fair Value Measurements as of December 31, 2024
	Total		Level 1		Level 2		Level 3
Marketable Securities
Bonds and bond funds	$	462,333	$	—	$	462,333	$	—
Commercial paper		111,933		—		111,933		—
		574,266		—		574,266		—
Investments in Other Companies		8,160		—		—		8,160
Cash and Cash Equivalents		227,362		227,362		—		—
Total Assets Measured at Fair Value	$	809,788	$	227,362	$	574,266	$	8,160