Investments

12 Months Ended

Dec. 31, 2025

Investments, Debt and Equity Securities [Abstract]

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, 2025
			Gross Unrealized
(In thousands)	Amortized Cost		Gains		Losses		Credit Losses		Estimated Fair Value
Commercial paper	$	5,117	$	1	$	(1)	$	—	$	5,117
Corporate notes	82,754		308		(28)		—		83,034

U.S. government agency bonds	10,656		6		(11)		—		10,651
	$	98,527	$	315	$	(40)	$	—	$	98,802
Classified as:
Short-term investments									$	37,407
Long-term investments									61,395
									$	98,802


	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

There have been no impairments of the Company’s assets measured and carried at fair value during the years ended December 31, 2025 or 2024.