FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured and Carried at Fair Value

The tables below present information about the Company’s financial assets and liabilities that are measured and carried at fair value and indicate the level within the fair value hierarchy of the valuation techniques it utilizes to determine such fair value:

	Fair Value Measurement as of March 31, 2025
	Total		Level 1		Level 2		Level 3
	(in thousands)
Assets
Money market funds	$	41,671	$	41,671	$	—	$	—
Commercial paper		5,475		—		5,475		—
Government and government agency bonds		328,550		—		328,550		—
Corporate bonds		68,667		—		68,667		—
Strategic investments*		154,370		153,370		—		1,000
Certificates of deposit		13,307		—		13,307		—
Deferred compensation plan assets		227		227		—		—
Total assets	$	612,267	$	195,268	$	415,999	$	1,000
Liabilities
Contingent consideration	$	47,400	$	—	$	—	$	47,400
Total liabilities	$	47,400	$	—	$	—	$	47,400

	Fair Value Measurement as of December 31, 2024
	Total		Level 1		Level 2		Level 3
	(in thousands)
Assets
Money market funds	$	455,535	$	455,535	$	—	$	—
Government and government agency bonds		279,899		—		279,899		—
Corporate bonds		93,727		—		93,727		—
Strategic investments		3,710		2,710		—		1,000
Certificates of deposit		11,319		—		11,319		—
Total assets	$	844,190	$	458,245	$	384,945	$	1,000
Liabilities
Contingent consideration	$	47,400	$	—	$	—	$	47,400
Total liabilities	$	47,400	$	—	$	—	$	47,400

* The balance at March 31, 2025 includes investments with a fair value of $151.9 million, which are subject to a contractual sale restriction that expires in August 2025.