Financial Instruments and Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023			2022		2021
Net Investment Hedge relationships
Foreign currency foreign exchange contracts	$	(45,748	)	$	96,698	$	(7,272	)

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, 2023		Location	Level 1		Level 2		Level 3
Assets:
Money market mutual funds	$	111,129	Other noncurrent assets	$	111,129
Certificates of deposit		2,300	Other noncurrent assets				2,300
Equity securities		49,923	Other noncurrent assets		49,923
Deferred compensation assets		43,060	Other noncurrent assets		43,060
	$	206,412		$	204,112	$	2,300		-
Liabilities:
Foreign currency foreign exchange contracts	$	1,911	Accrued liabilities other			$	1,911
Deferred compensation liability		43,060	Other noncurrent liabilities		43,060
	$	44,971		$	43,060	$	1,911		-
	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 noncurrent assets	$	113,649
Certificates of deposit		2,200	Other noncurrent assets				2,200
Equity securities		78,099	Other noncurrent assets		78,099
Deferred compensation assets		38,032	Other noncurrent assets		38,032
Foreign currency foreign 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		-		-