Fair Value (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Summay of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are as follows:

Fair value as of December 31, 2024 (in thousands):


		Level 1				Level 2				Level 3				Total
Assets related to defined contribution plan
Mutual funds		$	875			$	—			$	—			$	875
Fixed income			—				6,627				—				6,627
Cash and cash equivalents			349				—				—				349
Total assets at fair value		$	1,224			$	6,627			$	—			$	7,851

Fair value as of December 31, 2023 (in thousands):


		Level 1				Level 2				Level 3				Total
Assets related to defined contribution plan
Mutual funds		$	1,840			$	—			$	—				1,840
Fixed income			—				6,568				—				6,568
Cash and cash equivalents			355				—				—				355
Total assets at fair value		$	2,195			$	6,568				—			$	8,763

Contingent consideration
Earnout liability		$	-			$	-			$	2,300			$	2,300
Total liabilities at fair value		$	-			$	-			$	2,300			$	2,300

Summary of Carrying Values and Estimated Fair Values Of Financial Instruments

The carrying values and estimated fair values of our financial instruments that are not required to be recorded at fair value in our consolidated balance sheets, on the basis of Level 1 inputs for the Company's convertible notes and Level 2 inputs for the delayed draw term loan, were as follows (in thousands):


		December 31, 2024								December 31, 2023
		Carrying Value				Fair Value				Carrying Value				Fair Value
Liabilities:
Convertible senior notes due 2025		$	113,405			$	233,206			$	400,000			$	568,000
Convertible senior notes due 2029			800,000				939,280				-				-
Delayed draw term loan			350,000				350,000				350,000				350,000
Total		$	1,263,405			$	1,522,486			$	750,000			$	918,000