Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Summary of Financial Instruments Carried at Fair Value and Their Valuation by Respective Pricing Levels

The following table presents the financial instruments that are carried at fair value and summarizes their valuation by the respective pricing levels as of June 30, 2025 and December 31, 2024:

	As of June 30, 2025
(In thousands)	Total		Quoted Market Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets carried at fair value
Money market funds	$	14,297	$	14,297	$	—	$	—
Time deposits		12,870		—		12,870		—
U.S. Government bonds and notes		202,535		—		202,535		—
Non-U.S. Government bonds and notes		3,947		—		3,947		—
Corporate bonds, commercial paper and notes		302,147		—		302,147		—
Total assets carried at fair value	$	535,796	$	14,297	$	521,499	$	—

	As of December 31, 2024
(In thousands)	Total		Quoted Market Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets carried at fair value
Money market funds	$	6,025	$	6,025	$	—	$	—
Time deposits		12,870		—		12,870		—
U.S. Government bonds and notes		220,056		—		220,056		—
Corporate bonds, commercial paper and notes		155,432		—		155,432		—
Total assets carried at fair value	$	394,383	$	6,025	$	388,358	$	—

Schedule of Additional Information About Liabilities Measured at Fair Value

The following table presents additional information about liabilities measured at fair value for which the Company utilized Level 3 inputs to determine fair value, as of June 30, 2024.

	Three Months Ended June 30,			Six Months Ended June 30,
(In thousands)	2024			2024
Balance as of beginning of period	$	13,200		$	12,500
Change in fair value of earn-out liability due to remeasurement		(1,200	)		(500	)
Balance as of end of period	$	12,000		$	12,000