XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

FAIR VALUE MEASUREMENTS | 6 Months Ended
--- | ---
Jun. 30, 2024
FAIR VALUE MEASUREMENTS |
7. | FAIR VALUE MEASUREMENTS
The following tables present our assets and liabilities carried at fair value that are measured on a recurring basis:
|  |  |  | Total |  |  | Fair Value Measurements at June 30, 2024 Using |
| Balance Sheet Location |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificate of deposit |  | Short-term cash investments |  | $ | 200,000 |  |  |  | — |  |  | $ | 200,000 |  |  |  | — |
Derivative financial instruments |  | Other current assets |  | $ | 119 |  |  |  | — |  |  | $ | 119 |  |  |  | — |
Equity securities |  | Other assets |  | $ | 946 |  |  | $ | 946 |  |  |  | — |  |  |  | — |
Private equities |  | Other assets |  | $ | 1,500 |  |  |  | — |  |  |  | — |  |  | $ | 1,500 |
|  |  |  | Total |  |  | Fair Value Measurements at December 31, 2023 Using |
| Balance Sheet Location |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | Other current assets |  | $ | 5 |  |  |  | — |  |  | $ | 5 |  |  |  | — |
Equity securities |  | Other assets |  | $ | 1,044 |  |  | $ | 1,044 |  |  |  | — |  |  |  | — |
Private equities |  | Other assets |  | $ | 1,500 |  |  |  | — |  |  |  | — |  |  | $ | 1,500 |
The following is a description of the valuation techniques used for these assets and liabilities, as well as the level of input used to measure fair value: Short-term cash investments – these investments consist of a certificate of deposit that matures in September 2024. Derivative financial instruments – these derivatives are foreign currency forward and option contracts. See Note 6. Fair value is based on observable market inputs, such as forward rates in active markets; therefore, we classify these derivatives within Level 2 of the valuation hierarchy. Equity securities – these investments are exchange-traded equity securities. Fair values for these investments are based on closing stock prices from active markets and are therefore classified within Level 1 of the fair value hierarchy. Private equities – other investments in which fair value inputs are unobservable and are therefore classified within Level 3 of the fair value hierarchy.

X
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration