FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2025 and December 31, 2024, was as follows:

	Fair Value Measurement at
	June 30, 2025
			Quoted Prices in
			Active Markets for		Significant Other
			Identical Assets		Observable Inputs
(In thousands)	Total Fair Value		(Level 1)		(Level 2)
Commercial paper	$	8,206	$	—	$	8,206
Corporate securities		201,801		—		201,801
Money market funds		989		989		—
Total	$	210,996	$	989	$	210,007

	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