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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Schedule of Company's Income from Investments Held in Employee Deferred Compensation Trusts The following table presents the Company’s (income) loss from investments held in employee deferred compensation trusts (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2021202020212020
Dividend income$(2,556)$(1,055)$(2,848)$(1,460)
Realized and unrealized (gains) losses(25,254)(47,872)(36,949)(7,091)
(Income) loss from investments held in employee deferred compensation trusts$(27,810)$(48,927)$(39,797)$(8,551)
Composition of Underlying Assets Comprising Company's Deferred Compensation Plan Assets The following table sets forth the composition of the underlying assets which comprise the Company’s deferred compensation trust assets (in thousands):
Fair Value Measurements Using
Balance at June 30, 2021
Quoted Prices
in Active Markets for Identical Assets (Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Assets
Money market funds$62,623 $62,623 — — 
Mutual funds - bond29,654 29,654 — — 
Mutual funds - stock278,998 278,998 — — 
Mutual funds - blend87,306 87,306 — — 
$458,581 $458,581 — — 
Fair Value Measurements Using
Balance at December 31, 2020
Quoted Prices
in Active Markets for Identical Assets (Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Assets
Money market funds$69,681 $69,681 — — 
Mutual funds - bond27,282 27,282 — — 
Mutual funds - stock234,667 234,667 — — 
Mutual funds - blend75,004 75,004 — — 
$406,634 $406,634 — — 
Schedule of Credit Losses The following table sets forth the activity in the allowance for credit losses from January 1, 2020, through June 30, 2021 (in thousands):
Allowance for Credit Losses
Balance as of January 1, 2020
$23,443 
Charges to expense4,200 
Deductions(7,906)
Other, including translation adjustments(120)
Balance as of December 31, 2020
$19,617 
Charges to expense4,733 
Deductions(3,111)
Other, including translation adjustments(1,171)
Balance as of June 30, 2021
$20,068