8. Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair value of assets and liabilities measured on a recurring basis

At September 30, 2022 and December 31, 2021, the fair value measurements of our assets and liabilities measured on a recurring basis were as follows (in thousands):


			Fair Value Measurements at Reporting Date Using
	September 30, 2022		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents:
Money market funds	$	195	$	195	$	—	$	—
Marketable securities:
Foreign debt	62,880		—		62,880		—
U.S. debt	56,406		—		56,406		—
Time deposits	656,927		656,927		—		—
Restricted marketable securities	182,208		—		182,208		—
Derivative assets	11,247		—		11,247		—
Total assets	$	969,863	$	657,122	$	312,741	$	—
Liabilities:
Derivative liabilities	$	13,732	$	—	$	13,732	$	—


			Fair Value Measurements at Reporting Date Using
	December 31, 2021		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:


Marketable securities:
Foreign debt	$	103,317	$	—	$	103,317	$	—

U.S. debt	18,627		—		18,627		—
Time deposits	253,445		253,445		—		—
Restricted marketable securities	244,726		—		244,726		—
Derivative assets	5,816		—		5,816		—
Total assets	$	625,931	$	253,445	$	372,486	$	—
Liabilities:
Derivative liabilities	$	3,550	$	—	$	3,550	$	—

Carrying value and fair value of financial instruments not measured at fair value

At September 30, 2022 and December 31, 2021, the carrying values and fair values of our financial instruments not measured at fair value were as follows (in thousands):


	September 30, 2022				December 31, 2021
	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Accounts receivable unbilled, net - noncurrent	$	11,488	$	10,207	$	20,840	$	18,846
Accounts receivable trade, net - noncurrent	9,645		7,852		21,293		18,605
Liabilities:
Long-term debt, including current maturities (1)	$	266,169	$	229,673	$	246,737	$	243,865

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(1)Excludes unamortized discounts and issuance costs.