Fair Value Measures (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2021 are as follows:

(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	2,903	$	—	$	—	$	2,903
Short-term investments:
Money market funds	67		—		—		67
Mutual fund shares	1,065		—		—		1,065
Other current assets:
Derivative financial instruments	—		7,133		—		7,133
Non-current assets:
Money market funds	3,397		—		—		3,397
Mutual fund shares	17,209		—		—		17,209
Derivative financial instruments	—		8,832		—		8,832
Total assets measured at fair value	$	24,641	$	15,965	$	—	$	40,606
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	2,415	$	—	$	2,415
Other long-term liabilities:
Derivative financial instruments	—		466		—		466
Total liabilities measured at fair value	$	—	$	2,881	$	—	$	2,881

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 September 30, 2020 are as follows:

(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	56,337	$	—	$	—	$	56,337
Short-term investments:
Money market funds	70		—		—		70
Mutual fund shares	1,025		—		—		1,025
Other current assets:
Derivative financial instruments	—		6,940		—		6,940
Non-current assets:
Money market funds	4,621		—		—		4,621
Mutual fund shares	11,974		—		—		11,974
Derivative financial instruments	—		3,454		—		3,454
Total assets measured at fair value	$	74,027	$	10,394	$	—	$	84,421
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	2,415	$	—	$	2,415
Other long-term liabilities:
Derivative financial instruments	—		1,186		—		1,186
Total liabilities measured at fair value	$	—	$	3,601	$	—	$	3,601