FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2025

FAIR VALUE MEASUREMENTS

Schedule of Fair value of cash equivalents and marketable securities

The fair-value hierarchy of the Company’s cash equivalents and marketable securities at March 31, 2025 and December 31, 2024, was as follows:

	Fair Value Measurement at
	March 31, 2025
			Quoted Prices in
			Active Markets for		Significant Other
			Identical Assets		Observable Inputs
(In thousands)	Total Fair Value		(Level 1)		(Level 2)
Commercial paper	$	3,099	$	—	$	3,099
Corporate securities		238,678		—		238,678
Money market funds		5,756		5,756		—
Total	$	247,533	$	5,756	$	241,777

	Fair Value Measurement at
	December 31, 2024
			Quoted Prices in
			Active Markets for		Significant Other
			Identical Assets		Observable Inputs
(In thousands)	Total Fair Value		(Level 1)		(Level 2)
Commercial paper	$	2,048	$	—	$	2,048
Corporate securities		249,023		—		249,023
Money market funds		567		567		—
U.S. government securities		750		—		750
Total	$	252,388	$	567	$	251,821