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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
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 June 30, 2020 and December 31, 2019.
As of June 30, 2020Level 1Level 2Level 3Total
Assets
Mutual funds*$117,490  $—  $—  $117,490  
Derivative financial instruments—  5,862  —  5,862  
Total$117,490  $5,862  $—  $123,352  
Liabilities
Derivative financial instruments$—  $8,245  $—  $8,245  
Total$—  $8,245  $—  $8,245  
As of December 31, 2019Level 1Level 2Level 3Total
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 June 30, 2020 and December 31, 2019.