Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Summary Of Assets And Liabilities Measured At Fair Value On Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are summarized below:

	Fair Value Measurements as of December 31, 2021
(in thousands)	Level 1		Level 2		Level 3		Total
Description
Cash equivalents a	$	485,521	$	—	$	—	$	485,521
Israeli severance funds b	—		2,070		—		2,070
	Fair Value Measurements as of December 31, 2020
(in thousands)	Level 1		Level 2		Level 3		Total
Description
Cash equivalents a	$	199	$	—	$	—	$	199
Israeli severance funds b	—		6,422		—		6,422
Derivative financial instruments c	$	—	$	(700)	$	—	$	(700)

a.Cash equivalents include funds held in money market instruments and are reported at their current carrying value, which approximates fair value due to the short-term nature of these instruments and are included in cash and cash equivalents in the consolidated balance sheet.

b.We partially fund a liability for our Israeli severance requirement through monthly deposits into fund accounts, the value of these contributions are recorded to non-current assets on the consolidated balance sheet.

c.Derivative instruments are reported based on published market prices for similar assets or are estimated based on published market prices for similar assets or are estimated based on observable inputs such as interest rates, yield curves, credit risks, spot and future commodity prices and spot and future exchange rates. See Note 15 for additional information on our derivative financial instruments.