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Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2022
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, 2022

 

Location

Level 1

 

Level 2

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market mutual funds

 

106,360

 

Other assets

 

106,360

 

 

 

 

 

 

 

Certificates of deposit

 

2,200

 

Other assets

 

 

 

 

2,200

 

 

 

 

Equity securities

 

75,777

 

Other assets

 

75,777

 

 

 

 

 

 

 

Deferred compensation assets

 

36,343

 

Other assets

 

36,343

 

 

 

 

 

 

 

Foreign currency exchange contracts

 

25,762

 

Other current assets

 

 

 

 

25,762

 

 

 

 

 

$

246,442

 

 

$

218,480

 

$

27,962

 

 

-

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred compensation liability

 

36,343

 

Other noncurrent liabilities

 

36,343

 

 

 

 

 

 

 

 

$

36,343

 

 

$

36,343

 

 

-

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at

 

Balance Sheet

Basis of Fair Value Measurement

 

(in thousands)

December 31, 2021

 

Location

Level 1

 

Level 2

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market mutual funds

 

79,900

 

Other assets

 

79,900

 

 

 

 

 

 

 

Certificates of deposit

 

2,300

 

Other assets

 

 

 

 

2,300

 

 

 

 

Equity securities

 

91,919

 

Other assets

 

91,919

 

 

 

 

 

 

 

Deferred compensation assets

 

45,759

 

Other assets

 

45,759

 

 

 

 

 

 

 

Foreign currency exchange contracts

 

1,357

 

Other current assets

 

 

 

 

1,357

 

 

 

 

 

$

221,235

 

 

$

217,578

 

$

3,657

 

 

-

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred compensation liability

 

45,759

 

Other noncurrent liabilities

$

45,759

 

 

 

 

 

 

 

 

$

45,759

 

 

$

45,759

 

 

-

 

 

-