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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
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 March 31, 2022 and December 31, 2021:

 

 

 

March 31, 2022

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Commercial paper

 

$

 

 

$

245,123

 

 

$

 

 

$

245,123

 

     Certificates of deposit

 

$

 

 

$

25,000

 

 

$

 

 

$

25,000

 

     U.S. treasury securities

 

$

 

 

$

73,670

 

 

$

 

 

$

73,670

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Interest rate swap

 

$

 

 

$

72

 

 

$

 

 

$

72

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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