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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents information about the Company’s financial assets and financial liabilities that are measured at fair value on a recurring basis as of September 30, 2022 and indicates the fair value hierarchy of the valuation (in thousands):
Total
Quoted Prices in
Active Markets
for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Assets:
Time deposits(i)
$96,603 $96,603 $— $— 
Money market funds(ii)
313,783 313,783 — — 
Commercial paper(i)
35,604 — 35,604 — 
Corporate debt securities(iii)
21,608 — 21,608 — 
U.S. government and U.S. government agency securities(i)
38,458 — 38,458 — 
Non-U.S. government securities(iv)
3,916 — 3,916 — 
Total cash equivalents and investments
509,972 410,386 99,586 — 
Interest rate derivatives(v)
8,224 — 8,224 — 
Total assets$518,196 $410,386 $107,810 $— 
Liabilities:
Foreign currency derivatives(vi)
$4,267 $— $4,267 $— 
Total liabilities$4,267 $— $4,267 $— 
____________
(i)Included in cash equivalents and short-term investments on the condensed consolidated balance sheets.
(ii)Included in cash equivalents on the condensed consolidated balance sheets.
(iii)Included in short-term investments and other assets on the condensed consolidated balance sheets.
(iv)Included in short-term investments on the condensed consolidated balance sheets.
(v)Included in prepaid expenses and other current assets on the condensed consolidated balance sheets.
(vi)Included in accrued and other liabilities on the condensed consolidated balance sheets.
The following table presents information about the Company’s financial assets and financial liabilities that are measured at fair value on a recurring basis as of December 31, 2021 and indicates the fair value hierarchy of the valuation (in thousands):
Total
Quoted Prices in
Active Markets
for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Assets:
Time deposits(i)
$41,024 $41,024 $— $— 
Money market funds(ii)
180,013 180,013 — — 
Total money market funds and time deposits
221,037 221,037 — — 
Foreign currency derivatives(iii)
1,609 — 1,609 — 
Total assets
$222,646 $221,037 $1,609 $— 
Liabilities:
 
 
 
Foreign currency derivatives(iv)
$52 $— $52 $— 
Interest rate derivatives(iv)
7,725 — 7,725 — 
Total liabilities
$7,777 $— $7,777 $— 
_____________
(i)Included in cash equivalents and short-term investments on the condensed consolidated balance sheets.
(ii)Included in cash equivalents on the condensed consolidated balance sheets.
(iii)Included in prepaid expenses and other current assets, and other assets on the condensed consolidated balance sheets.
(iv)Included in accrued liabilities on the condensed consolidated balance sheets.