Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023
	Total		Level 1		Level 2		Level 3
Marketable Securities
Bonds and bond funds	$	525,707	$	—	$	525,707	$	—
Commercial paper		222,209		—		222,209		—
	$	747,916	$	—	$	747,916	$	—
Investments in Other Companies		29,251		10,480		—		18,771
Cash and Cash Equivalents		114,433		114,433		—		—
Total Assets Measured at Fair Value	$	891,600	$	124,913	$	747,916	$	18,771

	Fair Value Measurements as of December 31, 2022
	Total		Level 1		Level 2		Level 3
Marketable Securities
Bonds and bond funds	$	624,254	$	—	$	624,254	$	—
Commercial paper		319,977		—		319,977		—
	$	944,231	$	—	$	944,231	$	—
Investments in Other Companies		21,380		7,200		—		14,180
Cash and Cash Equivalents		102,984		102,984		—		—
Total Assets Measured at Fair Value	$	1,068,595	$	110,184	$	944,231	$	14,180