Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31, 2023
	Total		Level 1		Level 2		Level 3
Marketable Securities
Bonds and bond funds	$	616,525	$	—	$	616,525	$	—
Commercial paper		244,810		—		244,810		—
	$	861,335	$	—	$	861,335	$	—
Investments in Other Companies		21,883		7,240		—		14,643
Cash and Cash Equivalents		74,524		74,524		—		—
Total Assets Measured at Fair Value	$	957,742	$	81,764	$	861,335	$	14,643

	Fair Value Measurements as of December 31, 2022
	Total		Level 1		Level 2		Level 3
Marketable Securities
Bonds and bond funds	$	624,254	$	—	$	624,254	$	—
Commercial paper		319,977		—		319,977		—
	$	944,231	$	—	$	944,231	$	—
Investments in Other Companies		21,380		7,200		—		14,180
Cash and Cash Equivalents		102,984		102,984		—		—
Total Assets Measured at Fair Value	$	1,068,595	$	110,184	$	944,231	$	14,180