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FAIR VALUE MEASUREMENTS
3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
The Company measures certain financial assets and liabilities at fair value in accordance with the policy described in Note 1 – Business Overview and Significant Accounting Policies to the Company’s Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.
The following tables present the classification within the fair value hierarchy of financial assets and liabilities not disclosed elsewhere in these Condensed Consolidated Financial Statements that are remeasured on a recurring basis as of March 31, 2024 and December 31, 2023. Other than the Company’s fixed-rate convertible debt disclosed in Note 6Debt, there were no financial assets or liabilities that were remeasured using quoted prices in active markets for identical assets (Level 1) as of March 31, 2024
or December 31, 2023. The Company had no financial assets or liabilities that are remeasured on a recurring basis using unobservable inputs that reflect estimates and assumptions (Level 3) as of March 31, 2024 or December 31, 2023.
Fair Value Measurements as of March 31, 2024
Significant Other
Observable
Inputs
(Level 2)
Assets:
Other current assets:
NQDC Plan assets$2,487 
Other assets:
NQDC Plan assets31,993 
Restricted investments (1)
2,405 
Total other assets34,398 
Total assets$36,885 
Liabilities:
Current liabilities:
NQDC Plan liability$2,487 
Other long-term liabilities:
NQDC Plan liability31,993 
Total liabilities$34,480 
Fair Value Measurements as of December 31, 2023
Significant Other
Observable
Inputs
(Level 2)
Assets:
Other current assets:
NQDC Plan assets$2,026 
Other assets:
NQDC Plan assets28,119 
Restricted investments (1)
2,393 
Total other assets30,512 
Total assets$32,538 
Liabilities:
Current liabilities:
NQDC Plan liability$2,026 
Other long-term liabilities:
NQDC Plan liability28,119 
Total liabilities$30,145 
(1)    The restricted investments as of March 31, 2024 and December 31, 2023 secure the Company's irrevocable standby letters of credit obtained in connection with certain commercial agreements.
There were no transfers between levels during the three months ended March 31, 2024.