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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize assets and liabilities measured at fair value on a recurring basis:

 

 

 

December 31, 2022

 

(In thousands)

 

Total

 

 

Quoted market
prices in active
markets
(Level 1)

 

 

Significant
other
observable
inputs
(Level 2)

 

 

Significant
unobservable
inputs
(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents: money-market funds

 

$

25,744

 

 

$

25,744

 

 

$

—

 

 

$

—

 

Available-for-sale investments: U.S. treasury securities(1)

 

 

73,800

 

 

 

—

 

 

 

73,800

 

 

 

—

 

Trading securities: mutual funds(1)

 

 

6,946

 

 

 

6,946

 

 

 

—

 

 

 

—

 

Available-for-sale investments: certificates of deposit(1)

 

 

6

 

 

 

—

 

 

 

6

 

 

 

—

 

Available-for-sale investments: convertible debt securities(2)

 

 

346

 

 

 

—

 

 

 

346

 

 

 

—

 

Foreign currency forward contracts(3)

 

 

652

 

 

—

 

 

 

652

 

 

 

—

 

Total assets measured at fair value

 

$

107,494

 

 

$

32,690

 

 

$

74,804

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts(4)

 

$

4,083

 

 

$

—

 

 

$

4,083

 

 

$

—

 

Total liabilities measured at fair value

 

$

4,083

 

 

$

—

 

 

$

4,083

 

 

$

—

 

 

 

 

 

December 31, 2021

 

(In thousands)

 

Total

 

 

Quoted market
prices in active
markets
(Level 1)

 

 

Significant
other
observable
inputs
(Level 2)

 

 

Significant
unobservable
inputs
(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents: money-market funds

 

$

108,441

 

 

$

108,441

 

 

$

—

 

 

$

—

 

Trading securities: mutual funds(1)

 

 

6,814

 

 

 

6,814

 

 

 

—

 

 

 

—

 

Available-for-sale investments: corporate equity securities(1)

 

 

751

 

 

 

751

 

 

 

—

 

 

 

—

 

Available-for-sale investments: certificates of deposit(1)

 

 

6

 

 

 

—

 

 

 

6

 

 

 

—

 

Available-for-sale investments: convertible debt securities(2)

 

 

518

 

 

 

—

 

 

 

518

 

 

 

—

 

Foreign currency forward contracts(3)

 

 

1,372

 

 

—

 

 

 

1,372

 

 

 

—

 

Total assets measured at fair value

 

$

117,902

 

 

$

116,006

 

 

$

1,896

 

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts(4)

 

$

344

 

 

$

—

 

 

$

344

 

 

$

—

 

Total liabilities measured at fair value

 

$

344

 

 

$

—

 

 

$

344

 

 

$

—

 

 

(1)
Included in Short-term investments on the Company’s consolidated balance sheets.
(2)
$173,000 included in Short-term investments and the remaining included in Other non-current assets on the Company’s consolidated balance sheets.
(3)
Included in Prepaid expenses and other current assets on the Company’s consolidated balance sheets.
(4)
Included in Other accrued liabilities on the Company’s consolidated balance sheets.