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Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
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)

September 30, 2023

 

Location

Level 1

 

Level 2

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

Money market mutual funds

 

115,601

 

Other assets

 

115,601

 

 

 

 

 

Certificates of deposit

 

2,200

 

Other assets

 

 

 

2,200

 

 

 

Equity securities

 

48,003

 

Other assets

 

48,003

 

 

 

 

 

Deferred compensation assets

 

39,391

 

Other assets

 

39,391

 

 

 

 

 

Foreign currency exchange contracts

 

83

 

Other current assets

 

 

 

83

 

 

 

 

$

205,278

 

 

$

202,995

 

$

2,283

 

 

-

 

Liabilities:

 

 

 

 

 

 

 

 

 

Deferred compensation liability

 

39,391

 

Other noncurrent liabilities

 

39,391

 

 

 

 

 

 

$

39,391

 

 

$

39,391

 

 

-

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

-

 

 

-