Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Recorded at Fair Value on Recurring Basis

The following tables present the assets and liabilities recorded at fair value on a recurring basis:

	Balance at		Balance Sheet	Basis of Fair Value Measurement
(in thousands)	September 30, 2020		Location	Level 1		Level 2		Level 3
Assets:
Term Deposit		540,000	Cash and cash equivalents				540,000
Money market mutual funds		60,931	Other assets		60,931
Certificates of deposit		2,200	Other assets		2,200
Available for sale securities		61,082	Other assets		61,082
Deferred compensation assets		36,307	Other assets		36,307
Foreign currency exchange contracts		3,181	Other current assets				3,181
	$	703,701			160,520		543,181		-
Liabilities:
Deferred compensation liability		36,307	Other noncurrent liabilities		36,307
	$	36,307			36,307		-		-
	Balance at		Balance Sheet	Basis of Fair Value Measurement
(in thousands)	December 31, 2019		Location	Level 1		Level 2		Level 3
Assets:
Money market mutual funds	$	60,175	Other assets		60,175
Certificates of deposit		2,200	Other assets		2,200
Available for sale securities		70,478	Other assets		70,478
Deferred compensation assets		35,510	Other assets		35,510
Foreign currency exchange contracts		10,343	Other current assets				10,343
	$	178,706			168,363		10,343		-
Liabilities:
Deferred compensation liability	$	35,510	Other noncurrent liabilities		35,510
	$	35,510			35,510		-		-