Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Measurements

Schedule of assets measured at fair value on a recurring basis

The Company’s assets measured at fair value on a recurring basis are summarized below (in thousands):

	Fair Value Measurements as of June 30, 2022
	Total		Level 1		Level 2		Level 3
Marketable Securities
Bonds and bond funds	$	484,794	$	—	$	484,794	$	—
Commercial paper		393,814		—		393,814		—
	$	878,608	$	—	$	878,608	$	—
Investments in Other Companies		19,524		6,200		—		13,324
Cash and Cash Equivalents		96,071		96,071		—		—
Total Assets Measured at Fair Value	$	994,203	$	102,271	$	878,608	$	13,324

	Fair Value Measurements as of December 31, 2021
	Total		Level 1		Level 2		Level 3
Marketable Securities
Bonds and bond funds	$	54,673	$	—	$	54,673	$	—
Commercial paper		547,316		—		547,316		—
	$	601,989	$	—	$	601,989	$	—
Cash and Cash Equivalents		258,421		258,421		—		—
Total Assets Measured at Fair Value	$	860,410	$	258,421	$	601,989	$	—