Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measures (Tables)

v3.21.1
Fair Value Measures (Tables)
 3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
Assets and liabilities measured at fair value on a recurring basis as of March 31, 2021 are as follows:
(in thousands) Level 1 Level 2 Level 3 Total
Assets:
Cash equivalents:
Money market funds $ 344,886  $ —  $ —  $ 344,886 
United States government treasury bills —  45,000  —  45,000 
Short-term investments:
Money market funds 99  —  —  99 
Mutual fund shares 821  —  —  821 
Other current assets:
Derivative financial instruments —  4,197  —  4,197 
Non-current assets:
Money market funds 3,667  —  —  3,667 
Mutual fund shares 15,376  —  —  15,376 
Derivative financial instruments —  6,159  —  6,159 
Total assets measured at fair value $ 364,849  $ 55,356  $ —  $ 420,205 
Liabilities:
Accrued liabilities:
Derivative financial instruments $ —  $ 6,701  $ —  $ 6,701 
Other long-term liabilities:
Derivative financial instruments —  2,337  —  2,337 
Total liabilities measured at fair value $ —  $ 9,038  $ —  $ 9,038 
Assets and liabilities measured at fair value on a recurring basis at December 31, 2020 are as follows:
(in thousands) Level 1 Level 2 Level 3 Total
Assets:
Cash equivalents:
Money market funds $ 119,378  $ —  $ —  $ 119,378 
United States government treasury bills —  234,982  —  234,982 
Short-term investments:
Money market funds 105  —  —  105 
Mutual fund shares 1,119  —  —  1,119 
Other current assets:
Derivative financial instruments —  2,597  —  2,597 
Non-current assets:
Money market funds 4,059  —  —  4,059 
Mutual fund shares 14,657  —  —  14,657 
Derivative financial instruments —  1,126  —  1,126 
Total assets measured at fair value $ 139,318  $ 238,705  $ —  $ 378,023 
Liabilities:
Accrued liabilities:
Derivative financial instruments $ —  $ 9,841  $ —  $ 9,841 
Other long-term liabilities:
Derivative financial instruments —  6,590  —  6,590 
Total liabilities measured at fair value $ —  $ 16,431  $ —  $ 16,431 
Assets and liabilities measured at fair value on a recurring basis at March 31, 2020 are as follows:
(in thousands) Level 1 Level 2 Level 3 Total
Assets:
Cash equivalents:
Money market funds $ 128,488  $ —  $ —  $ 128,488 
United States government treasury bills —  44,973  —  44,973 
Available-for-sale short-term investments:(1)
United States government treasury bills —  35,032  —  35,032 
Other short-term investments:
Money market funds 14  —  —  14 
Mutual fund shares 782  —  —  782 
Other current assets:
Derivative financial instruments —  23,394  —  23,394 
Non-current assets:
Money market funds 3,674  —  —  3,674 
Mutual fund shares 9,329  —  —  9,329 
Derivative financial instruments —  10,520  —  10,520 
Total assets measured at fair value $ 142,287  $ 113,919  $ —  $ 256,206 
Liabilities:
Accrued liabilities:
Derivative financial instruments $ —  $ 1,209  $ —  $ 1,209 
Total liabilities measured at fair value $ —  $ 1,209  $ —  $ 1,209 
(1) Investments have remaining maturities of less than one year.