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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s assets and liabilities that are measured at fair value on a recurring basis using the above categories, as of the periods presented.

		As of March 31, 2023
Description		Level 1				Level 2				Level 3				Total
Cash equivalents
Money market mutual funds (1)		$	197,442			$	-			$	-			$	197,442
Rabbi trust-owned life insurance policies (at cash surrender value) (2)			-				1,695				-				1,695
Total assets		$	197,442			$	1,695			$	-			$	199,137
Other long-term liabilities
Deferred compensation (2)		$	-			$	1,787			$	-				1,787
Total liabilities		$	-			$	1,787			$	-			$	1,787

		As of December 31, 2022
Description		Level 1				Level 2				Level 3				Total
Cash equivalents
Money market mutual funds (1)		$	147,149			$	-			$	-			$	147,149
Rabbi trust-owned life insurance policies (at cash surrender value) (2)			-				1,611				-				1,611
Total assets		$	147,149			$	1,611			$	-			$	148,760
Other long-term liabilities
Deferred compensation (2)		$	-			$	1,803			$	-				1,803
Total liabilities		$	-			$	1,803			$	-			$	1,803

________________

(1)	Money market funds are classified as cash equivalents in the Company’s unaudited consolidated balance sheets. As short-term, highly liquid investments readily convertible to known amounts of cash with remaining maturities of three months or less at the time of purchase, the Company’s cash equivalent money market funds have carrying values that approximate fair value.
(2)	Fair value of insurance policies represent their cash surrender value based on the underlying investments in the account which is determined based on quoted prices for identical or similar financial instruments in active markets.

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- References

No definition available.

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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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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