Financial Instruments and Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2022

Financial Instruments And Fair Value Measurement [Abstract]

Summary of Effects of Foreign Currency Foreign Exchange Contracts on Result of Operations

The following table presents the effects of our foreign currency foreign exchange contracts on our results of operations for the three years ended December 31 (in thousands):

	Gain/(Loss) recognized in AOCI
	December 31,		December 31,			December 31,
	2022		2021			2020
Net Investment Hedge relationships
Foreign currency foreign exchange contracts	$	96,698	$	(7,272	)	$	(22,097	)

Summary of Assets and Liabilities Recorded at Fair Value on Recurring Basis

The following tables present the assets and liabilities recorded at fair value on a recurring basis:

	Balance at		Balance Sheet	Basis of Fair Value Measurement
(in thousands)	December 31, 2022		Location	Level 1		Level 2		Level 3
Assets:
Money market mutual funds	$	113,649	Other assets	$	113,649
Certificates of deposit		2,200	Other assets				2,200
Equity securities		78,099	Other assets		78,099
Deferred compensation assets		38,032	Other assets		38,032
Foreign currency exchange contracts		3,142	Other current assets				3,142
		235,122			229,780	$	5,342		-
Liabilities:
Deferred compensation liability		38,032	Other noncurrent liabilities	$	38,032
	$	38,032		$	38,032		-		-
	Balance at		Balance Sheet	Basis of Fair Value Measurement
(in thousands)	December 31, 2021		Location	Level 1		Level 2		Level 3
Assets:
Money market mutual funds	$	79,900	Other assets	$	79,900
Certificates of deposit		2,300	Other assets				2,300
Equity securities		91,919	Other assets		91,919
Deferred compensation assets		45,759	Other assets		45,759
Foreign currency exchange contracts		1,357	Other current assets				1,357
		221,235		$	217,578	$	3,657		-
Liabilities:
Deferred compensation liability	$	45,759	Other noncurrent liabilities	$	45,759
	$	45,759		$	45,759		-		-