Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Assets Measured at Fair Value on Recurring Basis

The following tables present information about our financial assets measured at fair value on a recurring basis based on the three-tier fair value hierarchy (in thousands):

	Fair Value Measurement at June 30, 2022
	Level 1		Level 2		Total
Description
U.S. Treasury securities	$	—	$	473,780	$	473,780
Corporate bonds	—		407,259		407,259
Money market funds	296,670		—		296,670
Asset-backed securities	—		92,019		92,019
Agency securities	—		52,012		52,012
Commercial paper	—		49,286		49,286
Certificates of deposit and time deposits	—		10,841		10,841
Total	$	296,670	$	1,085,197	$	1,381,867
Included in cash and cash equivalents					$	317,655
Included in marketable securities					$	1,064,212

	Fair Value Measurement at December 31, 2021
	Level 1		Level 2		Total
Description
U.S. Treasury securities	$	—	$	480,726	$	480,726
Corporate bonds	—		430,018		430,018
Money market funds	234,123		—		234,123
Asset-backed securities	—		93,620		93,620
Agency securities	—		50,057		50,057
Commercial paper	—		48,950		48,950
Certificates of deposit and time deposits	—		1,488		1,488
Total	$	234,123	$	1,104,859	$	1,338,982
Included in cash and cash equivalents					$	239,550
Included in marketable securities					$	1,099,432

Schedule of Marketable Securities Classified by Contractual Maturity

The following table classifies our marketable securities by contractual maturity (in thousands):

	June 30, 2022		December 31, 2021
Due in one year or less	$	590,263	$	539,780
Due after one year and within five years	473,949		559,652
Total	$	1,064,212	$	1,099,432

Schedule of Derivative Instruments on Consolidated Balance Sheets

The following tables present information about our derivative instruments on our consolidated balance sheets (in thousands):

	June 30, 2022
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Balance Sheet Location	Fair Value (Level 2)		Balance Sheet Location	Fair Value (Level 2)
Foreign currency forward contracts	Other current assets	$	13,110	Accrued liabilities	$	15,944
Total		$	13,110		$	15,944

	December 31, 2021
	Asset Derivatives			Liability Derivatives
Derivative Instrument	Balance Sheet Location	Fair Value (Level 2)		Balance Sheet Location	Fair Value (Level 2)
Foreign currency forward contracts	Other current assets	$	6,439	Accrued liabilities	$	9,422
Total		$	6,439		$	9,422

Schedule of Derivative Instruments on Statement of Operations

The following table presents information about our foreign currency forward contracts on our consolidated statements of operations for the three and six months ended June 30, 2022 and 2021 (in thousands):

	Gain (Loss) Reclassified from AOCI into Earnings
	Three Months Ended June 30,				Six Months Ended June 30,
Classification	2022		2021		2022		2021
Revenue	$	2,392	$	(1,373)	$	3,186	$	(2,081)
Cost of revenue	(901)		400		(1,406)		890
Research and development	(1,272)		488		(1,946)		1,003
Sales and marketing	(2,384)		1,044		(3,620)		2,073
General and administrative	(742)		290		(1,135)		707
Total	$	(2,907)	$	849	$	(4,921)	$	2,592