Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value

The following table presents the Company’s financial assets and liabilities which are measured at fair value on a recurring basis at March 31, 2021 and December 31, 2020, (in thousands):

	Fair Value		Level 1		Level 2		Level 3
March 31, 2021
Assets:
Repurchase agreements	$	365,808	$	—	$	365,808	$	—
Money market	43,991		—		43,991		—
Certificates of deposit	182		—		182		—
Foreign exchange contracts	115,184		—		115,184		—
Total assets	$	525,165	$	—	$	525,165	$	—
Cash collateral for foreign exchange contracts	$	16,368	$	—	$	—	$	—
Liabilities:
Interest rate swaps	$	73,004	$	—	$	73,004	—
Foreign exchange contracts	92,863		—		92,863		—
Total liabilities	$	165,867	$	—	$	165,867	$	—
Cash collateral obligation for foreign exchange contracts	$	—	$	—	$	—	$	—
December 31, 2020
Assets:
Repurchase agreements	$	446,116	$	—	$	446,116	$	—
Money market	48,227		—		48,227		—
Certificates of deposit	188		—		188		—
Foreign exchange contracts	155,846		—		155,846		—
Total assets	$	650,377	$	—	$	650,377	$	—
Cash collateral for foreign exchange contracts	$	18,229	$	—	$	—	$	—
Liabilities:
Interest rate swaps	$	87,873	$	—	$	87,873	$	—
Foreign exchange contracts	140,272		—		140,272		—
Total liabilities	$	228,145	$	—	$	228,145	$	—
Cash collateral obligation for foreign exchange contracts	$	38,569	$	—	$	—	$	—