Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No☒ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirementsfor the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oremerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” inRule 12b-2 of the Exchange Act. ☒Accelerated filer☐Smaller reporting companyEmerging growth companyIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued itsaudit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation receivedby any of the registrant’s executive officers during the relevant recovery period pursuant to Section 240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant as of the last business day of the registrant’smost recently completed second fiscal quarter was approximately$2,746millionbased upon the closing price per share of $148.46, as quoted on the Nasdaq GlobalSelect Market on June 30, 2024. Shares of the outstanding common stock held by each executive officer and director have been excluded in that such persons maybe deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes.As of February 21, 2025,18,436,146shares of the registrant’s common stock, $0.001 par value, were outstanding. DOCUMENTS INCORPORATED BY REFERENCE TABLE OF CONTENTS PART I ITEM 1.BusinessITEM 1A.Risk FactorsITEM 1B.Unresolved Staff CommentsITEM 1C.CybersecurityITEM 2.PropertiesITEM 3.Legal ProceedingsITEM 4.Mine Safety Disclosures ITEM 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities34ITEM 6.[Reserved]37ITEM 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations38ITEM 7A.Quantitative and Qualitative Disclosures about Market Risk49ITEM 8.Financial Statements and Supplementary Data50ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure50ITEM 9A.Controls and Procedures50ITEM 9B.Other Information51ITEM 9C.Disclosure Regarding Foreign Jurisdictions That Prevent Inspections51 PART III ITEM 10.Directors, Executive Officers, and Corporate Governance52ITEM 11.Executive Compensation52ITEM 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters52ITEM 13.Certain Relationships and Related Transactions, and Director Independence52ITEM 14.Principal Accountant Fees and Services52 PART IVITEM 15.Exhibits and Financial Statement SchedulesITEM 16.Form 10-K Summary FORWARD-LOOKING STATEMENTS Some of the statements in this Annual Report on Form 10-K constitute forward-looking statements as defined in the PrivateSecurities Litigation Reform Act of 1995, as amended. These statements involve known and unknown risks, uncertainties, andother factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from anyfuture results, levels of activity, performance, or achievements expressed or implied by such forward-looking statements. In somecases, you can identify these statements by forward-looking words such as “anticipat