Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of financial assets and financial liabilities measured at fair value on a recurring basis

The following table summarizes our financial assets and financial liabilities that are measured at fair value on a recurring basis:

(in thousands)	Classification	Measurement Level	March 31, 2023		December 31, 2022
Financial assets
Cash deposit(1)	Cash and cash equivalents	Level 1	$	3,792,211	$	3,509,334
Time deposit	Restricted cash	Level 1	$	254,945	$	99,730
Money market trust	Restricted cash	Level 1	$	75,243	$	76,586
Time deposit	Other current assets	Level 1	$	17,257	$	17,754
Time deposit	Long-term restricted cash	Level 1	$	1,536	$	1,624

(1)Cash deposits includes bank deposits, money market trusts and time deposits. The carrying value approximates fair value because maturities are less than three months.