| Assets and Liabilities Measured at Fair Value on a Recurring Basis |
Assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 are as follows:
|
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|
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(in thousands) |
|
Level 1 |
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Level 2 |
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Level 3 |
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Total |
Assets: |
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|
|
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
122,237 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
122,237 |
|
U.S. Government treasury bills |
|
— |
|
|
39,952 |
|
|
— |
|
|
39,952 |
|
Available-for-sale short-term investments(1)
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|
|
|
|
|
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U.S. Government treasury bills |
|
— |
|
|
261,602 |
|
|
— |
|
|
261,602 |
|
Other short-term investments: |
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|
|
|
|
|
|
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Mutual fund shares |
|
1,200 |
|
|
— |
|
|
— |
|
|
1,200 |
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Other current assets: |
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|
|
|
|
|
|
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Derivative financial instruments (Note 20) |
|
— |
|
|
13,615 |
|
|
— |
|
|
13,615 |
|
Non-current assets: |
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|
|
|
|
|
|
|
Money market funds |
|
869 |
|
|
— |
|
|
— |
|
|
869 |
|
Mutual fund shares |
|
8,606 |
|
|
— |
|
|
— |
|
|
8,606 |
|
Derivative financial instruments (Note 20) |
|
— |
|
|
9,922 |
|
|
— |
|
|
9,922 |
|
Total assets measured at fair value |
|
$ |
132,912 |
|
|
$ |
325,091 |
|
|
$ |
— |
|
|
$ |
458,003 |
|
Liabilities: |
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|
|
|
|
|
|
|
Accrued liabilities: |
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|
|
|
|
|
|
|
Derivative financial instruments (Note 20) |
|
$ |
— |
|
|
$ |
1,017 |
|
|
$ |
— |
|
|
$ |
1,017 |
|
Other long-term liabilities |
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|
|
|
|
|
|
|
Derivative financial instruments (Note 20) |
|
— |
|
|
1 |
|
|
— |
|
|
1 |
|
Total liabilities measured at fair value |
|
$ |
— |
|
|
$ |
1,018 |
|
|
$ |
— |
|
|
$ |
1,018 |
|
|
Assets and liabilities measured at fair value on a recurring basis at December 31, 2017 are as follows:
|
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|
|
|
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|
|
|
|
|
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|
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(in thousands) |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Assets: |
|
|
|
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
282,860 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
282,860 |
|
Time deposits |
|
52,808 |
|
|
— |
|
|
— |
|
|
52,808 |
|
U.S. Government treasury bills |
|
— |
|
|
4,995 |
|
|
— |
|
|
4,995 |
|
U.S. Government-backed municipal bonds |
|
— |
|
|
25,338 |
|
|
— |
|
|
25,338 |
|
Available-for-sale short-term investments: |
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|
|
|
|
|
|
|
U.S. Government treasury bills |
|
— |
|
|
19,963 |
|
|
— |
|
|
19,963 |
|
U.S. Government-backed municipal bonds |
|
— |
|
|
73,582 |
|
|
— |
|
|
73,582 |
|
Other short-term investments: |
|
|
|
|
|
|
|
|
Mutual fund shares |
|
1,438 |
|
|
— |
|
|
— |
|
|
1,438 |
|
Other current assets: |
|
|
|
|
|
|
|
|
Derivative financial instruments (Note 20) |
|
— |
|
|
2,331 |
|
|
— |
|
|
2,331 |
|
Non-current assets: |
|
|
|
|
|
|
|
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Mutual fund shares |
|
9,319 |
|
|
— |
|
|
— |
|
|
9,319 |
|
Derivative financial instruments (Note 20) |
|
— |
|
|
335 |
|
|
— |
|
|
335 |
|
Total assets measured at fair value |
|
$ |
346,425 |
|
|
$ |
126,544 |
|
|
$ |
— |
|
|
$ |
472,969 |
|
Liabilities: |
|
|
|
|
|
|
|
|
Accrued liabilities: |
|
|
|
|
|
|
|
|
Derivative financial instruments (Note 20) |
|
$ |
— |
|
|
$ |
10,565 |
|
|
$ |
— |
|
|
$ |
10,565 |
|
Other long-term liabilities: |
|
|
|
|
|
|
|
|
Derivative financial instruments (Note 20) |
|
— |
|
|
3,820 |
|
|
— |
|
|
3,820 |
|
Total liabilities measured at fair value |
|
$ |
— |
|
|
$ |
14,385 |
|
|
$ |
— |
|
|
$ |
14,385 |
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