Fair Value Measures (Tables)

9 Months Ended

Sep. 30, 2020

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2020 were as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	56,337	$	—	$	—	$	56,337




Other short-term investments:
Money market funds	70		—		—		70
Mutual fund shares	1,025		—		—		1,025
Other current assets:
Derivative financial instruments	—		6,940		—		6,940
Other non-current assets:
Money market funds	4,621		—		—		4,621
Mutual fund shares	11,974		—		—		11,974
Derivative financial instruments	—		3,454		—		3,454
Total assets measured at fair value	$	74,027	$	10,394	$	—	$	84,421
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	2,415	$	—	$	2,415
Other long-term liabilities:
Derivative financial instruments	—		1,186		—		1,186
Total liabilities measured at fair value	$	—	$	3,601	$	—	$	3,601

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 were as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	288,926	$	—	$	—	$	288,926
United States government treasury bills	—		34,928		—		34,928
Commercial paper	—		33,587		—		33,587






Other short-term investments:
Mutual fund shares	1,668		—		—		1,668
Other current assets:
Derivative financial instruments	—		14,001		—		14,001
Other non-current assets:
Money market funds	1,792		—		—		1,792
Mutual fund shares	12,172		—		—		12,172
Derivative financial instruments	—		4,159		—		4,159
Total assets measured at fair value	$	304,558	$	86,675	$	—	$	391,233
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	2,266	$	—	$	2,266
Other long-term liabilities:
Derivative financial instruments	—		768		—		768
Total liabilities measured at fair value	$	—	$	3,034	$	—	$	3,034

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 were as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	72,941	$	—	$	—	$	72,941












Other short-term investments:
Mutual funds shares	1,477		—		—		1,477
Other current assets:
Derivative financial instruments	—		18,460		—		18,460
Other non-current assets:
Money market funds	1,528		—		—		1,528
Mutual fund shares	11,362		—		—		11,362
Derivative financial instruments	—		4,830		—		4,830
Total assets measured at fair value	$	87,308	$	23,290	$	—	$	110,598
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	521	$	—	$	521
Other long-term liabilities:
Derivative financial instruments	—		109		—		109
Total liabilities measured at fair value	$	—	$	630	$	—	$	630