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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table summarizes, by major security type, our available-for-sale securities and derivative contracts that were measured at fair value on a recurring basis and were categorized using the fair value hierarchy (in thousands):
December 31, 2023December 31, 2022
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Total
Estimated
Fair Value
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Total
Estimated
Fair Value  
Assets:
Available-for-sale securities:
Time deposits$— $420,000 $420,000 $— $30,000 $30,000 
Money market funds768,586 — 768,586 517,464 — 517,464 
Interest rate contracts— 3,784 3,784 — — — 
Foreign exchange forward contracts— 18,035 18,035 — 17,356 17,356 
Totals$768,586 $441,819 $1,210,405 $517,464 $47,356 $564,820 
Liabilities:
Interest rate contracts$— $3,410 $3,410 $— $— $— 
Foreign exchange forward contracts— 681 681 — — — 
Totals$— $4,091 $4,091 $— $— $—