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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule Of Assets And Liabilities Carried At Fair Value Measured On A Recurring Basis
The following tables summarize the assets and liabilities carried at fair value measured on a recurring basis as of September 30, 2024 and December 31, 2023 (in thousands):  
 
Assets at Fair Value as of September 30, 2024
Asset CategoryLevel 1Level 2Level 3Total
Cash and cash equivalents (1)
$1,035,534 $— $— $1,035,534 
Deferred compensation plan assets (2)
59,502 — — 59,502 
Restricted cash (3)
1,276 — — 1,276 
Total$1,096,312 $— $— $1,096,312 
_________________________
(1)Cash and cash equivalents consist of deposit accounts and money market funds with original maturity dates of three months or less, which are Level 1 assets. At September 30, 2024, we had $779.5 million in money market funds. From time to time, we have cash balances in certain of our domestic bank accounts that exceed federally insured limits.
(2)Deferred compensation plan assets are classified as “Other assets” in the Consolidated Balance Sheets.
(3)Restricted cash is classified as “Prepaid expenses and other” in the Consolidated Balance Sheets. Restricted cash represents cash held in account for use on customer contracts.

 
Assets at Fair Value as of December 31, 2023
Asset CategoryLevel 1Level 2Level 3Total
Cash and cash equivalents (1)
$789,750 $— $— $789,750 
Deferred compensation plan assets (2)
47,315 — — 47,315 
Total$837,065 $— $— $837,065 
 _________________________
(1)Cash and cash equivalents consist of deposit accounts and money market funds with original maturity dates of three months or less, which are Level 1 assets. At December 31, 2023, we had $497.3 million in money market funds. From time to time, we have cash balances in certain of our domestic bank accounts that exceed federally insured limits.
(2)Deferred compensation plan assets are classified as “Other assets” in the Consolidated Balance Sheets.