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Fair Value Measurements and Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis The following tables show, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis.
March 31, 2022
Level 1Level 2Level 3Total
Assets:    
Investment securities    
Money market funds $81,015 $172,525 $— $253,540 
Equity securities— 23,009 — 23,009 
Commingled fixed income securities1,618 15,038 — 16,656 
Government and related securities
9,246 21,733 — 30,979 
Corporate debt securities— 59,597 — 59,597 
Mortgage-backed / asset-backed securities— 153,060 — 153,060 
Derivatives 
Interest rate swap— 10,313 — 10,313 
Foreign exchange contracts— 739 — 739 
Total assets$91,879 $456,014 $— $547,893 
Liabilities:    
Derivatives    
Foreign exchange contracts$— $(905)$— $(905)
Total liabilities$— $(905)$— $(905)
December 31, 2021
Level 1Level 2Level 3Total
Assets:    
Investment securities    
Money market funds $88,705 $338,043 $— $426,748 
Equity securities— 29,356 — 29,356 
Commingled fixed income securities1,692 16,815 — 18,507 
Government and related securities
9,790 25,439 — 35,229 
Corporate debt securities — 65,167 — 65,167 
Mortgage-backed / asset-backed securities— 172,018 — 172,018 
Derivatives   
Interest rate swap— 3,103 — 3,103 
Foreign exchange contracts— 2,474 — 2,474 
Total assets$100,187 $652,415 $— $752,602 
Liabilities:    
Derivatives    
Foreign exchange contracts$— $(304)$— $(304)
Total liabilities$— $(304)$— $(304)
Schedule of Available-for-sale Securities Reconciliation
Available-for-sale securities consisted of the following:
March 31, 2022
Amortized costGross unrealized gainsGross unrealized lossesEstimated fair value
Government and related securities$35,987 $57 $(5,065)$30,979 
Corporate debt securities67,599 46 (8,048)59,597 
Commingled fixed income securities1,730 — (112)1,618 
Mortgage-backed / asset-backed securities168,524 18 (15,482)153,060 
Total$273,840 $121 $(28,707)$245,254 
December 31, 2021
Amortized costGross unrealized gainsGross unrealized lossesEstimated fair value
Government and related securities$36,160 $81 $(1,012)$35,229 
Corporate debt securities67,906 259 (2,998)65,167 
Commingled fixed income securities1,725 — (33)1,692 
Mortgage-backed / asset-backed securities176,559 144 (4,685)172,018 
Total$282,350 $484 $(8,728)$274,106 
Schedule of Unrealized Holding Losses
Investment securities in a loss position were as follows:
March 31, 2022December 31, 2021
Fair ValueGross unrealized lossesFair ValueGross unrealized losses
Greater than 12 continuous months
Government and related securities$22,661 $3,330 $16,018 $579 
Corporate debt securities50,887 7,486 51,385 2,658 
Commingled fixed income securities1,618 112 — — 
Mortgage-backed / asset-backed securities141,267 14,813 135,441 4,057 
Total$216,433 $25,741 $202,844 $7,294 
Less than 12 continuous months
Government and related securities$7,547 $1,735 $15,438 $433 
Corporate debt securities5,366 561 8,859 339 
Commingled fixed income securities— — 1,692 33 
Mortgage-backed / asset-backed securities10,522 670 30,754 629 
Total$23,435 $2,966 $56,743 $1,434 
Available-for-sale Securities
Scheduled maturities of available-for-sale securities at March 31, 2022 were as follows:
Amortized costEstimated fair value
Within 1 year$2,495 $2,386 
After 1 year through 5 years16,186 15,163 
After 5 years through 10 years73,708 65,519 
After 10 years181,451 162,186 
Total$273,840 $245,254 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The fair value of derivative instruments was as follows:
Designation of DerivativesBalance Sheet LocationMarch 31,
2022		December 31,
2021
Derivatives designated as
hedging instruments		  
Foreign exchange contractsOther current assets and prepayments$24 $21 
 Accounts payable and accrued liabilities(4)(10)
Interest rate swapsOther assets 10,313 3,103 
Derivatives not designated as
hedging instruments		  
Foreign exchange contractsOther current assets and prepayments715 2,453 
 Accounts payable and accrued liabilities(901)(294)
 Total derivative assets$11,052 $5,577 
 Total derivative liabilities(905)(304)
 Total net derivative asset$10,147 $5,273 
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location
Results of cash flow hedging relationships were as follows:
Three Months Ended March 31,
Derivative Gain (Loss)
Recognized in AOCL
(Effective Portion)		Location of Gain (Loss)
(Effective Portion)		Gain (Loss) Reclassified
from AOCL to Earnings
(Effective Portion)
Derivative Instrument2022202120222021
Foreign exchange contracts$23 $228 Revenue$— $126 
   Cost of sales14 (58)
Interest rate swap7,210 6,280 Interest expense137 — 
 $7,233 $6,508  $151 $68 
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location All outstanding contracts at March 31, 2022 mature within 3 months.
The mark-to-market adjustments of non-designated derivative instruments were as follows:
Three Months Ended March 31,
Derivative Gain (Loss) Recognized in Earnings
Derivatives InstrumentLocation of Derivative Gain (Loss)20222021
Foreign exchange contractsSelling, general and administrative expense$(3,414)$553 
Fair Value, by Balance Sheet Grouping The carrying value and estimated fair value of debt was as follows:
March 31, 2022December 31, 2021
Carrying value$2,224,579 $2,323,838 
Fair value$2,120,628 $2,355,894