Investments

12 Months Ended

Dec. 31, 2024

Investments, Debt and Equity Securities [Abstract]

Investments

Investments

Marketable debt securities held by the Company are classified as available-for-sale pursuant to ASC 320, Investments – Debt and Equity Securities, and carried at fair value in the accompanying consolidated balance sheets on a settlement date basis. The following tables summarize the gross unrealized gains and losses of the Company’s marketable securities:

	December 31, 2024
			Gross Unrealized
(In thousands)	Amortized Cost		Gains		Losses		Credit Losses		Estimated Fair Value
Commercial paper	$	1,953	$	1	$	(1)	$	—	$	1,953
Corporate notes	71,733		117		(87)		—		71,763
U.S. government agency bonds	7,883		4		(30)		—		7,857
	$	81,569	$	122	$	(118)	$	—	$	81,573
Classified as:
Short-term investments									$	41,693
Long-term investments									39,880
									$	81,573

	December 31, 2023
			Gross Unrealized
(In thousands)	Amortized Cost		Gains		Losses		Credit Losses		Estimated Fair Value
Commercial paper	$	3,638	$	1	$	—	$	—	$	3,639
Corporate notes	47,228		—		(69)		—		47,159
U.S. government securities	983		—		—		—		983
U.S. government agency bonds	14,003		—		(32)		—		13,971
	$	65,852	$	1	$	(101)	$	—	$	65,752
Classified as:
Short-term investments									$	40,469
Long-term investments									25,283
									$	65,752

There have been no impairments of the Company’s assets measured and carried at fair value during the years ended December 31, 2024 or 2023.