Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measures (Tables)

v3.22.1
Fair Value Measures (Tables)
 3 Months Ended
Mar. 31, 2022
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, 2022 are as follows:

(in thousands) Level 1 Level 2 Level 3 Total
Assets:
Cash equivalents:
Money market funds $ 142  $ —  $ —  $ 142 
Available-for-sale short-term investments:(1)
U.S. Government treasury bills —  174,435  —  174,435 
Other short-term investments:
Money market funds 145  —  —  145 
Mutual fund shares 444  —  —  444 
Other current assets:
Derivative financial instruments —  11,072  —  11,072 
Non-current assets:
Money market funds 1,383  —  —  1,383 
Mutual fund shares 20,730  —  —  20,730 
Derivative financial instruments —  7,351  —  7,351 
Total assets measured at fair value $ 22,844  $ 192,858  $ —  $ 215,702 
Liabilities:
Accrued liabilities:
Derivative financial instruments $ —  $ 4,313  $ —  $ 4,313 
Other long-term liabilities:
Derivative financial instruments —  1,383  —  1,383 
Total liabilities measured at fair value $ —  $ 5,696  $ —  $ 5,696 
(1) Available-for-sale short-term investments have remaining maturities of less than one year.
Assets and liabilities measured at fair value on a recurring basis as of December 31, 2021 are as follows:

(in thousands) Level 1 Level 2 Level 3 Total
Assets:
Cash equivalents:
Money market funds $ 2,677  $ —  $ —  $ 2,677 
Available-for-sale short-term investments:(1)
U.S. Government treasury bills —  130,168  —  130,168 
Short-term investments:
Money market funds 73  —  —  73 
Mutual fund shares 904  —  —  904 
Other current assets:
Derivative financial instruments —  9,397  —  9,397 
Non-current assets:
Money market funds 2,219  —  —  2,219 
Mutual fund shares 19,606  —  —  19,606 
Derivative financial instruments —  10,142  —  10,142 
Total assets measured at fair value $ 25,479  $ 149,707  $ —  $ 175,186 
Liabilities:
Accrued liabilities:
Derivative financial instruments $ —  $ 3,572  $ —  $ 3,572 
Other long-term liabilities:
Derivative financial instruments —  318  —  318 
Total liabilities measured at fair value $ —  $ 3,890  $ —  $ 3,890 
(1) Available-for-sale short-term investments have remaining maturities of less than one year.
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