Assets and Liabilities Measured at Fair Value on a Recurring Basis |
Assets and liabilities measured at fair value on a recurring basis as of September 30, 2022 are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Level 1 | | Level 2 | | Level 3 | | Total | Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Short-term investments: | | | | | | | | | Money market funds | | $ | 79 | | | $ | — | | | $ | — | | | $ | 79 | | Mutual fund shares | | 893 | | | — | | | — | | | 893 | | Other current assets: | | | | | | | | | Derivative financial instruments | | — | | | 35,201 | | | — | | | 35,201 | | Non-current assets: | | | | | | | | | Money market funds | | 1,201 | | | — | | | — | | | 1,201 | | Mutual fund shares | | 17,332 | | | — | | | — | | | 17,332 | | Derivative financial instruments | | — | | | 13,919 | | | — | | | 13,919 | | Total assets measured at fair value | | $ | 19,505 | | | $ | 49,120 | | | $ | — | | | $ | 68,625 | | Liabilities: | | | | | | | | | Accrued liabilities: | | | | | | | | | Derivative financial instruments | | $ | — | | | $ | 1,514 | | | $ | — | | | $ | 1,514 | | Other long-term liabilities: | | | | | | | | | Derivative financial instruments | | — | | | 436 | | | — | | | 436 | | Total liabilities measured at fair value | | $ | — | | | $ | 1,950 | | | $ | — | | | $ | 1,950 | |
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Assets and liabilities measured at fair value on a recurring basis as of December 31, 2021 are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Level 1 | | Level 2 | | Level 3 | | Total | Assets: | | | | | | | | | Cash equivalents: | | | | | | | | | Money market funds | | $ | 2,677 | | | $ | — | | | $ | — | | | $ | 2,677 | | | | | | | | | | | | | | | | | | | | Available-for-sale short-term investments:(1) | | | | | | | | | U.S. Government treasury bills | | — | | | 130,168 | | | — | | | 130,168 | | Other short-term investments: | | | | | | | | | Money market funds | | 73 | | | — | | | — | | | 73 | | Mutual fund shares | | 904 | | | — | | | — | | | 904 | | Other current assets: | | | | | | | | | Derivative financial instruments | | — | | | 9,397 | | | — | | | 9,397 | | Non-current assets: | | | | | | | | | Money market funds | | 2,219 | | | — | | | — | | | 2,219 | | Mutual fund shares | | 19,606 | | | — | | | — | | | 19,606 | | Derivative financial instruments | | — | | | 10,142 | | | — | | | 10,142 | | Total assets measured at fair value | | $ | 25,479 | | | $ | 149,707 | | | $ | — | | | $ | 175,186 | | Liabilities: | | | | | | | | | Accrued liabilities: | | | | | | | | | Derivative financial instruments | | $ | — | | | $ | 3,572 | | | $ | — | | | $ | 3,572 | | Other long-term liabilities: | | | | | | | | | Derivative financial instruments | | — | | | 318 | | | — | | | 318 | | Total liabilities measured at fair value | | $ | — | | | $ | 3,890 | | | $ | — | | | $ | 3,890 | |
(1) Available-for-sale short-term investments have remaining maturities of less than one year.
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