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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2019
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The Company’s financial assets and liabilities measured at fair value on a recurring basis were as follows:
| As of June 30, 2019
(in thousands) | Level 1 |  | Level 2 |  | Total
Assets |  |  |  |  |
Money market investments (1) | $ | — |  |  | $ | 71,000 |  |  | $ | 71,000 |
Marketable equity securities (2) | 518,099 |  |  | — |  |  | 518,099 |
Other current investments (3) | 11,738 |  |  | 7,038 |  |  | 18,776 |
Interest rate swap (4) | — |  |  | 262 |  |  | 262 |
Total Financial Assets | $ | 529,837 |  |  | $ | 78,300 |  |  | $ | 608,137 |
Liabilities |  |  |  |  |
Deferred compensation plan liabilities (5) | $ | — |  |  | $ | 32,901 |  |  | $ | 32,901 |
Interest rate swap (6) | — |  |  | 324 |  |  | 324 |
Total Financial Liabilities | $ | — |  |  | $ | 33,225 |  |  | $ | 33,225 |
| As of December 31, 2018
(in thousands) | Level 1 |  | Level 2 |  | Total
Assets |  |  |  |  |
Money market investments (1) | $ | — |  |  | $ | 75,500 |  |  | $ | 75,500 |
Marketable equity securities (2) | 496,390 |  |  | — |  |  | 496,390 |
Other current investments (3) | 11,203 |  |  | 6,988 |  |  | 18,191 |
Interest rate swap (4) | — |  |  | 369 |  |  | 369 |
Total Financial Assets | $ | 507,593 |  |  | $ | 82,857 |  |  | $ | 590,450 |
Liabilities |  |  |  |  |
Deferred compensation plan liabilities (5) | $ | — |  |  | $ | 36,080 |  |  | $ | 36,080 |
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(1) | The Company’s money market investments are included in Cash and Cash Equivalents and the value considers the liquidity of the counterparty.
(2) | The Company’s investments in marketable equity securities are held in common shares of U.S. corporations that are actively traded on U.S. stock exchanges. Price quotes for these shares are readily available.
(3) | Includes U.S. Government Securities, corporate bonds, mutual funds and time deposits. These investments are valued using a market approach based on the quoted market prices of the security or inputs that include quoted market prices for similar instruments and are classified as either Level 1 or Level 2 in the fair value hierarchy.
(4) | Included in Deferred Charges and Other Assets. The Company utilized a market approach model using the notional amount of the interest rate swap multiplied by the observable inputs of time to maturity and market interest rates.
(5) | Includes Graham Holdings Company’s Deferred Compensation Plan and supplemental savings plan benefits under the Graham Holdings Company’s Supplemental Executive Retirement Plan, which are included in accrued compensation and related benefits. These plans measure the market value of a participant’s balance in a notional investment account that is comprised primarily of mutual funds, which are based on observable market prices. However, since the deferred compensation obligations are not exchanged in an active market, they are classified as Level 2 in the fair value hierarchy. Realized and unrealized gains (losses) on deferred compensation are included in operating income.
(6) Included in Other Liabilities. The Company utilized a market approach model using the notional amount of the interest rate swap multiplied by the observable inputs of time to maturity and market interest rates.

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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