v3.22.2.2
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Schedule of Company's (Income) Loss from Investments Held in Employee Deferred Compensation Trusts
The following table presents the Company’s (income) loss from investments held in employee deferred compensation trusts (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022202120222021
Dividend income$(966)$(4,565)$(3,576)$(7,414)
Realized and unrealized (gains) losses16,301 6,324 114,534 (30,625)
(Income) loss from investments held in employee deferred compensation trusts$15,335 $1,759 $110,958 $(38,039)
Composition of Underlying Assets Comprising Company's Deferred Compensation Plan Assets
The following table sets forth the composition of the underlying assets which comprise the Company’s deferred compensation trust assets (in thousands):
Fair Value Measurements Using
Balance at September 30, 2022
Quoted Prices
in Active Markets for Identical Assets (Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Assets
Money market funds$78,932 $78,932 — — 
Mutual funds - bond28,043 28,043 — — 
Mutual funds - stock224,076 224,076 — — 
Mutual funds - blend72,968 72,968 — — 
$404,019 $404,019 — — 
Fair Value Measurements Using
Balance at December 31, 2021
Quoted Prices
in Active Markets for Identical Assets (Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Assets
Money market funds$66,700 $66,700 — — 
Mutual funds - bond30,750 30,750 — — 
Mutual funds - stock303,277 303,277 — — 
Mutual funds - blend94,264 94,264 — — 
$494,991 $494,991 — — 
Schedule of Credit Losses
The following table sets forth the activity in the allowance for credit losses from December 31, 2021 through September 30, 2022 (in thousands):
Allowance for Credit Losses
Balance as of December 31, 2021
$21,530 
Charges to expense5,883 
Deductions(3,442)
Other, including foreign currency translation adjustments(1,655)
Balance as of September 30, 2022
$22,316