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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table summarizes the financial assets and liabilities required to be measured at fair value on a recurring basis as of June 30, 2024 (in thousands):
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
Significant Other
Observable
Inputs (Level 2)
Unobservable Inputs (Level 3)
Assets:
Money market instruments$583 $— $— 
Corporate bonds— 316,342 — 
Treasury notes— 45,042 — 
Treasury bills— 26,394 — 
Asset-backed securities— 15,304 — 
Certificate of deposit— 7,601 — 
Sovereign bonds— 1,975 — 
Economic hedge forward contracts— 57 — 
Liabilities:
Economic hedge forward contracts— 152 —