Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measures (Tables)

v3.23.2
Fair Value Measures (Tables)
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
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 June 30, 2023 are as follows:

(in thousands) Level 1 Level 2 Level 3 Total
Assets:
Cash equivalents:
Money market funds $ 60,565  $ —  $ —  $ 60,565 
Short-term investments:
Available-for-sale short-term investments: (1)
U.S. Government treasury bills —  69,751  —  69,751 
Other short-term investments:
Money market funds 287  —  —  287 
Mutual fund shares 1,187  —  —  1,187 
Prepaid expenses and other current assets:
Derivative financial instruments —  19,308  —  19,308 
Other non-current assets:
Money market funds 1,688  —  —  1,688 
Mutual fund shares 22,137  —  —  22,137 
Derivative financial instruments —  3,535  —  3,535 
Total assets measured at fair value $ 85,864  $ 92,594  $ —  $ 178,458 
Liabilities:
Accrued liabilities:
Derivative financial instruments $ —  $ 5,165  $ —  $ 5,165 
Other long-term liabilities:
Derivative financial instruments —  1,532  —  1,532 
Total liabilities measured at fair value $ —  $ 6,697  $ —  $ 6,697 
(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 June 30, 2022 are as follows:

(in thousands) Level 1 Level 2 Level 3 Total
Assets:
Cash equivalents:
Money market funds $ 30,141  $ —  $ —  $ 30,141 
Short-term investments:
Money market funds 81  —  —  81 
Mutual fund shares 1,027  —  —  1,027 
Prepaid expenses and other current assets:
Derivative financial instruments —  22,297  —  22,297 
Other non-current assets:
Money market funds 1,208  —  —  1,208 
Mutual fund shares 17,826  —  —  17,826 
Derivative financial instruments —  13,158  —  13,158 
Total assets measured at fair value $ 50,283  $ 35,455  $ —  $ 85,738 
Liabilities:
Accrued liabilities:
Derivative financial instruments $ —  $ 1,854  $ —  $ 1,854 
Other long-term liabilities:
Derivative financial instruments —  261  —  261 
Total liabilities measured at fair value $ —  $ 2,115  $ —  $ 2,115 
Assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 are as follows:

(in thousands) Level 1 Level 2 Level 3 Total
Assets:
Cash equivalents:
Money market funds $ 120,481  $ —  $ —  $ 120,481 
Short-term investments:
Money market funds 80  —  —  80 
Mutual fund shares 642  —  —  642 
Prepaid expenses and other current assets:
Derivative financial instruments —  23,333  —  23,333 
Other non-current assets:
Money market funds 1,456  —  —  1,456 
Mutual fund shares 19,026  —  —  19,026 
Derivative financial instruments —  7,153  —  7,153 
Total assets measured at fair value $ 141,685  $ 30,486  $ —  $ 172,171 
Liabilities:
Accrued liabilities:
Derivative financial instruments $ —  $ 3,782  $ —  $ 3,782 
Other long-term liabilities:
Derivative financial instruments —  1,770  —  1,770 
Total liabilities measured at fair value $ —  $ 5,552  $ —  $ 5,552