Financial Instruments (Tables)

9 Months Ended

Sep. 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 September 30, 2022
	Level 1		Level 2		Total
Description
U.S. Treasury securities	$	—	$	421,965	$	421,965
Corporate bonds	—		385,774		385,774
Money market funds	387,159		—		387,159
Asset-backed securities	—		69,035		69,035
Agency securities	—		70,299		70,299
Commercial paper	—		39,443		39,443
Certificates of deposit and time deposits	—		9,169		9,169
Total	$	387,159	$	995,685	$	1,382,844
Included in cash and cash equivalents					$	429,135
Included in marketable securities					$	953,709

	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):

	September 30, 2022		December 31, 2021
Due in one year or less	$	630,763	$	539,780
Due after one year	322,946		559,652
Total	$	953,709	$	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):

	September 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	$	18,917	Accrued liabilities	$	23,715
Total		$	18,917		$	23,715

	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 nine months ended September 30, 2022 and 2021 (in thousands):

	Gain (Loss) Reclassified from AOCI into Earnings
	Three Months Ended September 30,				Nine Months Ended September 30,
Classification	2022		2021		2022		2021
Revenue	$	4,166	$	(1,126)	$	7,352	$	(3,207)
Cost of revenue	(1,268)		(76)		(2,674)		814
Research and development	(1,641)		(92)		(3,587)		911
Sales and marketing	(3,133)		(180)		(6,753)		1,893
General and administrative	(1,417)		(53)		(2,552)		654
Total	$	(3,293)	$	(1,527)	$	(8,214)	$	1,065