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v3.22.2.2

Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2022
Fair Value Disclosures [Abstract] |
Assets and Liabilities Measured at Fair Value | The following table presents fair value information related to the Company's assets and liabilities measured at amortized cost on the condensed consolidated balance sheets with the exception of the interest rate swap and contingent purchase consideration, which are measured at fair value:
| Fair Value Measurements at September 30, 2022
| Total |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market fund deposits and term deposits | $ | 457,754 |  |  | $ | 457,754 |  |  | $ | — |  |  | $ | — |
Commercial paper | 112,506 |  |  | — |  |  | 112,506 |  |  | — |
Certificate of deposit | 17 |  |  | — |  |  | 17 |  |  | — |
Short-term investments: |  |  |  |  |  |  |
Commercial paper | 317,457 |  |  | — |  |  | 317,457 |  |  | — |
Corporate bonds | 20,786 |  |  | — |  |  | 20,786 |  |  | — |
U.S. Treasury and agency obligations | 14,756 |  |  | — |  |  | 14,756 |  |  | — |
Certificates of deposit | 11,713 |  |  | — |  |  | 11,713 |  |  | — |
Other assets: |  |  |  |  |  |  |
Interest rate swap | 258 |  |  | — |  |  | 258 |  |  | — |
Total | $ | 935,247 |  |  | $ | 457,754 |  |  | $ | 477,493 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |
Term note | $ | 16,328 |  |  | $ | — |  |  | $ | 16,328 |  |  | $ | — |
Total | $ | 16,328 |  |  | $ | — |  |  | $ | 16,328 |  |  | $ | — |
| Fair Value Measurements at December 31, 2021
| Total |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market fund deposits and term deposits | $ | 279,066 |  |  | $ | 279,066 |  |  | $ | — |  |  | $ | — |
Commercial paper | 117,663 |  |  | — |  |  | 117,663 |  |  | — |
Corporate bonds | 11,459 |  |  | — |  |  | 11,459 |  |  | — |
Municipal bonds | 3,220 |  |  | — |  |  | 3,220 |  |  | — |
Short-term investments: |  |  |  |  |  |  |
Commercial paper | 557,955 |  |  | — |  |  | 557,955 |  |  | — |
Corporate bonds | 215,754 |  |  | — |  |  | 215,754 |  |  | — |
U.S. Treasury and agency obligations | 21,980 |  |  | — |  |  | 21,980 |  |  | — |
Municipal bonds | 4,546 |  |  | — |  |  | 4,546 |  |  | — |
Certificate of deposit | 3,000 |  |  | — |  |  | 3,000 |  |  | — |
Foreign government bonds | 2,015 |  |  | — |  |  | 2,015 |  |  | — |
Total | $ | 1,216,658 |  |  | $ | 279,066 |  |  | $ | 937,592 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |
Term notes | $ | 34,226 |  |  | $ | — |  |  | $ | 34,226 |  |  | $ | — |
Contingent purchase consideration | 1,371 |  |  | — |  |  | — |  |  | 1,371 |
Interest rate swap | 242 |  |  | — |  |  | 242 |  |  | — |
Total | $ | 35,839 |  |  | $ | — |  |  | $ | 34,468 |  |  | $ | 1,371 |
Schedule of Effective Maturity Dates of Held to Maturity Investments | The following table presents the effective maturity dates of debt investments, which are held-to-maturity:
| September 30, 2022 |  | December 31, 2021
| Book Value |  | Fair Value |  | Book Value |  | Fair Value
Investment maturity |  |  |  |  |  |  |
Less than 1 year | $ | 365,409 |  |  | $ | 364,712 |  |  | $ | 805,400 |  |  | $ | 805,250 |
Fair Value, Assets Measured on Recurring Basis | The following table presents information about the Company's movement in Level 3 assets and liabilities measured at fair value:
|  |  | Nine Months Ended September 30,
|  |  |  |  | 2022 |  | 2021
Contingent purchase consideration |  |  |  |  |  |  |
Balance, beginning of period |  |  |  |  | $ | 1,371 |  |  | $ | 1,963 |
Cash payments |  |  |  |  | — |  |  | (466) |
Change in fair value |  |  |  |  | (1,477) |  |  | — |
Foreign exchange adjustment |  |  |  |  | 106 |  |  | (91) |
Balance, end of period |  |  |  |  | $ | — |  |  | $ | 1,406 |
Fair Value, Liabilities Measured on Recurring Basis | The following table presents information about the Company's movement in Level 3 assets and liabilities measured at fair value:
|  |  | Nine Months Ended September 30,
|  |  |  |  | 2022 |  | 2021
Contingent purchase consideration |  |  |  |  |  |  |
Balance, beginning of period |  |  |  |  | $ | 1,371 |  |  | $ | 1,963 |
Cash payments |  |  |  |  | — |  |  | (466) |
Change in fair value |  |  |  |  | (1,477) |  |  | — |
Foreign exchange adjustment |  |  |  |  | 106 |  |  | (91) |
Balance, end of period |  |  |  |  | $ | — |  |  | $ | 1,406 |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI https://asc.fasb.org/extlink&oid=126976982&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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