Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Schedule Of Assets And Liabilities Carried At Fair Value Measured On A Recurring Basis

The following tables summarize the assets and liabilities carried at fair value measured on a recurring basis as of September 30, 2023 and December 31, 2022 (in thousands):


	Assets at Fair Value as of September 30, 2023
Asset Category	Level 1		Level 2		Level 3		Total
Cash and cash equivalents (1)	$	523,632	$	—	$	—	$	523,632
Deferred compensation plan assets (2)	43,004		—		—		43,004
Total	$	566,636	$	—	$	—	$	566,636


	Assets at Fair Value as of December 31, 2022
Asset Category	Level 1		Level 2		Level 3		Total
Cash and cash equivalents (1)	$	456,439	$	—	$	—	$	456,439
Deferred compensation plan assets (2)	36,882		—		—		36,882
Restricted cash (3)	629		—		—		629
Total	$	493,950	$	—	$	—	$	493,950

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(1)Cash and cash equivalents consist of deposit accounts and money market funds with original maturity dates of three months or less, which are Level 1 assets. At September 30, 2023 and December 31, 2022, we had $361.9 million and $209.4 million, respectively, in money market funds. From time to time, we have cash balances in certain of our domestic bank accounts that exceed federally insured limits.

(2)Deferred compensation plan assets are classified as “Other assets” in the Consolidated Balance Sheets.

(3)Restricted cash is classified as “Prepaid expenses and other” in the Consolidated Balance Sheets. Restricted cash primarily represents cash held in account for use on customer contracts.