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Fair Value Measurements and Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 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.
September 30, 2022
Level 1Level 2Level 3Total
Assets:    
Investment securities    
Money market funds $24,250 $164,584 $— $188,834 
Equity securities— 14,426 — 14,426 
Commingled fixed income securities1,509 7,784 — 9,293 
Government and related securities
8,665 18,249 — 26,914 
Corporate debt securities— 51,081 — 51,081 
Mortgage-backed / asset-backed securities— 128,606 — 128,606 
Derivatives 
Interest rate swap— 15,966 — 15,966 
Foreign exchange contracts— 7,302 — 7,302 
Total assets$34,424 $407,998 $— $442,422 
Liabilities:    
Derivatives    
Foreign exchange contracts$— $(2,810)$— $(2,810)
Total liabilities$— $(2,810)$— $(2,810)
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:
September 30, 2022
Amortized costGross unrealized gainsGross unrealized lossesEstimated fair value
Government and related securities$35,855 $12 $(8,953)$26,914 
Corporate debt securities66,657 — (15,576)51,081 
Commingled fixed income securities1,742 — (233)1,509 
Mortgage-backed / asset-backed securities159,475 — (30,869)128,606 
Total$263,729 $12 $(55,631)$208,110 
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:
September 30, 2022December 31, 2021
Fair ValueGross unrealized lossesFair ValueGross unrealized losses
Greater than 12 continuous months
Government and related securities$16,937 $2,930 $16,018 $579 
Corporate debt securities47,386 15,261 51,385 2,658 
Commingled fixed income securities— — — — 
Mortgage-backed / asset-backed securities115,616 29,384 135,441 4,057 
Total$179,939 $47,575 $202,844 $7,294 
Less than 12 continuous months
Government and related securities$9,530 $6,023 $15,438 $433 
Corporate debt securities3,686 315 8,859 339 
Commingled fixed income securities1,509 233 1,692 33 
Mortgage-backed / asset-backed securities12,990 1,485 30,754 629 
Total$27,715 $8,056 $56,743 $1,434 
Available-for-sale Securities
Scheduled maturities of available-for-sale securities at September 30, 2022 were as follows:
Amortized costEstimated fair value
Within 1 year$2,295 $2,058 
After 1 year through 5 years15,812 14,116 
After 5 years through 10 years72,928 57,703 
After 10 years172,694 134,233 
Total$263,729 $208,110 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The fair value of derivative instruments was as follows:
Designation of DerivativesBalance Sheet LocationSeptember 30,
2022		December 31,
2021
Derivatives designated as
hedging instruments		  
Foreign exchange contractsOther current assets and prepayments$125 $21 
 Accounts payable and accrued liabilities— (10)
Interest rate swapsOther assets 15,966 3,103 
Derivatives not designated as
hedging instruments		  
Foreign exchange contractsOther current assets and prepayments7,177 2,453 
 Accounts payable and accrued liabilities(2,810)(294)
 Total derivative assets$23,268 $5,577 
 Total derivative liabilities(2,810)(304)
 Total net derivative asset$20,458 $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 September 30,
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$134 $41 Revenue$— $45 
   Cost of sales80 (21)
Interest rate swap3,936 186 Interest expense137 — 
 $4,070 $227  $217 $24 
 Nine Months Ended September 30,
 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$257 $215 Revenue$— $289 
   Cost of sales143 (126)
Interest rate swap12,863 2,794 Interest expense412 — 
 $13,120 $3,009  $555 $163 
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The impact on earnings from the change in fair value of these foreign exchange contracts, exclusive of the corresponding impact on earnings from the revaluation of the intercompany loans and related interest, was as follows:
Three Months Ended September 30,
Derivative Gain (Loss) Recognized in Earnings
Derivatives InstrumentLocation of Derivative Gain (Loss)20222021
Foreign exchange contractsSelling, general and administrative expense$(24,116)$(5,592)
Nine Months Ended September 30,
Derivative Gain (Loss) Recognized in Earnings
Derivatives InstrumentLocation of Derivative Gain (Loss)20222021
Foreign exchange contractsSelling, general and administrative expense$(45,299)$(4,524)
Fair Value, by Balance Sheet Grouping The carrying value and estimated fair value of debt was as follows:
September 30, 2022December 31, 2021
Carrying value$2,216,699 $2,323,838 
Fair value$1,732,053 $2,355,894