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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents information about the Company’s financial instruments that are accounted for at fair value on a recurring basis at December 31, 2025 and 2024 (in thousands):

 

 

 

 

 

Fair Value

 

 

 

Fair Value Hierarchy

 

December 31,
2025

 

 

December 31,
2024

 

Assets:

 

 

 

 

 

 

 

 

Money market funds

 

Level 1

 

$

85,966

 

 

$

192,634

 

Short-term investments

 

Level 2

 

 

124,482

 

 

 

118,566

 

Mutual funds

 

Level 1

 

 

20,179

 

 

 

18,581

 

Financial Instruments Measured At Carrying Amount

The following table presents information about the Company’s financial instruments that are not carried at fair value at December 31, 2025 and 2024 (in thousands):

 

 

 

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

Fair Value Hierarchy

 

Carrying Amount

 

 

Fair
Value

 

 

Carrying Amount

 

 

Fair
Value

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2030 Notes

 

Level 2

 

 

400,000

 

 

 

400,000

 

 

 

400,000

 

 

 

382,000