XML 38 R28.htm IDEA: XBRL DOCUMENT v3.25.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2025
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 June 30, 2025 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)
$270,459 $270,459 $— $— 
Money market funds(ii)
494,315 494,315 — — 
Commercial paper(i)
50,510 — 50,510 — 
Corporate debt securities(iii)(iv)
27,280 — 27,280 — 
U.S. government and U.S. government agency securities(iii)(iv)
35,833 — 35,833 — 
Total cash equivalents and investments
878,397 764,774 113,623 — 
Foreign currency derivatives (v)
791 — 791 — 
Cross currency swap contracts(v)
5,167 — 5,167 — 
Total assets
$884,355 $764,774 $119,581 $— 
Liabilities:
Foreign currency derivatives(vi)
$402 $— $402 $— 
Cross currency swap contracts(vi)
31,777 — 31,777 — 
Total liabilities
$32,179 $— $32,179 $— 
__________
(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 on the condensed consolidated balance sheets.
(iv)Included in other assets on the condensed consolidated balance sheets.
(v)Included in prepaid expenses and other current assets and other assets on the condensed consolidated balance sheets.
(vi)Included in accrued liabilities 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, 2024 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)
$371,882 $371,882 $— $— 
Money market funds(ii)
476,147 476,147 — — 
Commercial paper(i)
48,185 — 48,185 — 
Corporate debt securities(iii)
31,593 — 31,593 — 
U.S. government and U.S. government agency securities(iii)(iv)
31,655 — 31,655 — 
Total cash equivalents and investments
959,462 848,029 111,433 — 
Cross currency swap contracts(iv)
16,147 — 16,147 — 
Total assets
$975,609 $848,029 $127,580 $— 
Liabilities:
 
 
 
Foreign currency derivatives(v)
2,205 — 2,205 — 
Total liabilities
$2,205 $— $2,205 $— 
 
(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 on the condensed consolidated balance sheets.
(iv)Included in prepaid expenses and other current assets and other assets on the condensed consolidated balance sheets.
(v)Included in accrued liabilities and other liabilities on the condensed consolidated balance sheets.