Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Assets and Liabilities Measured at Fair Value

The following table sets forth the Company’s assets and liabilities that were accounted for at fair value as of March 31, 2020 and December 31, 2019.



As of March 31, 2020	Level 1		Level 2		Level 3		Total
Assets
Mutual funds*	$	114,116	$	—	$	—	$	114,116
Derivative financial instruments	—		4,746		—		4,746
Total	$	114,116	$	4,746	$	—	$	118,862
Liabilities
Derivative financial instruments	$	—	$	14,670	$	—	$	14,670
Total	$	—	$	14,670	$	—	$	14,670

As of December 31, 2019	Level 1		Level 2		Level 3		Total
Assets
Mutual funds*	$	166,330	$	—	$	—	$	166,330
Derivative financial instruments	—		7,509		—		7,509
Total	$	166,330	$	7,509	$	—	$	173,839
Liabilities
Derivative financial instruments	$	—	$	3,033	$	—	$	3,033
Total	$	—	$	3,033	$	—	$	3,033

* Represents those short-term investments which are carried at the fair value option under ASC 825 "Financial Instruments” as of March 31, 2020 and December 31, 2019.