Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Measurements

Schedule of assets measured at fair value on a recurring basis

The Company’s assets measured at fair value on a recurring basis are summarized below (in thousands):

	Fair Value Measurements as of September 30, 2022
	Total		Level 1		Level 2		Level 3
Marketable Securities
Bonds and bond funds	$	645,346	$	—	$	645,346	$	—
Commercial paper		320,001		—		320,001		—
	$	965,347	$	—	$	965,347	$	—
Investments in Other Companies		26,112		9,240		—		16,872
Cash and Cash Equivalents		38,850		38,850		—		—
Total Assets Measured at Fair Value	$	1,030,309	$	48,090	$	965,347	$	16,872

	Fair Value Measurements as of December 31, 2021
	Total		Level 1		Level 2		Level 3
Marketable Securities
Bonds and bond funds	$	54,673	$	—	$	54,673	$	—
Commercial paper		547,316		—		547,316		—
	$	601,989	$	—	$	601,989	$	—
Cash and Cash Equivalents		258,421		258,421		—		—
Total Assets Measured at Fair Value	$	860,410	$	258,421	$	601,989	$	—