Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Employee Deferred Compensation Plans

The following table presents the Company’s (income) loss from investments held in employee deferred compensation trusts (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Dividend income	$	(3,007)	$	(2,361)	$	(7,705)	$	(6,156)
Realized and unrealized (gains) losses	(26,223)		16,636		(80,634)		(35,207)
(Income) loss from investments held in employee deferred compensation trusts (which is completely offset by related costs and expenses)	$	(29,230)	$	14,275	$	(88,339)	$	(41,363)

The following table presents the Company’s increase (decrease) in employee deferred compensation costs and expense related to changes in the fair value of trust assets for its nonqualified employee deferred compensation plans (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Increase (decrease) in employee deferred compensation costs and expense related to changes in the fair value of trust assets	$	29,230	$	(14,275)	$	88,339	$	41,363

Schedule of Allocation of Plan Assets

The following tables summarize the Company’s financial instruments by significant category and fair value measurement on a recurring basis (in thousands):


			Fair Value Measurements Using
	Balance at September 30, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Cash equivalents
Money market funds	$	308,436	$	308,436	—	—

Employee deferred compensation trust assets
Money market funds	$	126,542	$	126,542	—	—
Mutual funds - bond	39,692		39,692		—	—
Mutual funds - stock	391,463		391,463		—	—
Mutual funds - blend	109,812		109,812		—	—
Total employee deferred compensation trust assets	$	667,509	$	667,509	—	—

			Fair Value Measurements Using
	Balance at December 31, 2023		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Cash equivalents
Money market funds	$	351,230	$	351,230	—	—

Employee deferred compensation trust assets
Money market funds	$	124,710	$	124,710	—	—
Mutual funds - bond	35,373		35,373		—	—
Mutual funds - stock	316,764		316,764		—	—
Mutual funds - blend	94,199		94,199		—	—
Total employee deferred compensation trust assets	$	571,046	$	571,046	—	—

Schedule of Accounts Receivable, Allowance for Credit Loss

The following table sets forth the activity in the allowance for credit losses from December 31, 2023, through September 30, 2024 (in thousands):


	Allowance for Credit Losses




Balance as of December 31, 2023	$	25,189
Charges to expense	2,481
Deductions	(5,351)
Other, including foreign currency translation adjustments	142
Balance as of September 30, 2024	$	22,461