Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2021 and December 31, 2020 (in thousands):

	Fair Value		Level 1		Level 2		Level 3
September 30, 2021
Assets:
Repurchase agreements	$	509,186	$	—	$	509,186	$	—
Money market	43,275		—		43,275		—
Certificates of deposit	773		—		773		—
Foreign exchange contracts	142,007		—		142,007		—
Total assets	$	695,241	$	—	$	695,241	$	—
Cash collateral for foreign exchange contracts	$	28,912	$	—	$	—	$	—
Liabilities:
Interest rate swaps	$	49,057	$	—	$	49,057	—
Foreign exchange contracts	107,942		—		107,942		—
Total liabilities	$	156,999	$	—	$	156,999	$	—
Cash collateral obligation for foreign exchange contracts	$	25,056	$	—	$	—	$	—
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	$	—	$	—	$	—