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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Major Categories of Assets and Liabilities Measured at Fair Value on Recurring Basis

Included in the following tables are the Company’s major categories of assets and liabilities measured at fair value on a recurring basis as of December 31, 2021 and 2020:

 

 

December 31, 2021

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Commercial paper

 

$

 

 

$

311,679

 

 

$

 

 

$

311,679

 

     Certificates of deposit

 

$

 

 

$

 

 

$

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Interest rate swap

 

$

 

 

$

1,335

 

 

$

 

 

$

1,335

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Commercial paper

 

$

 

 

$

99,929

 

 

$

 

 

$

99,929

 

     Certificates of deposit

 

$

 

 

$

80,000

 

 

$

 

 

$

80,000

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Interest rate swap

 

$

 

 

$

2,738

 

 

$

 

 

$

2,738