| Classes of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis |
The following tables present financial assets and financial liabilities that are measured and recorded in the Company's financial statements at fair value on a recurring basis:
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Fair Value Measurement Using |
| (In thousands) |
Total Fair Value |
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Level 1 |
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Level 2 |
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Level 3 |
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| March 2025 |
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| Financial assets: |
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| Cash equivalents: |
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| Money market funds |
$ |
301,392 |
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$ |
301,392 |
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$ |
— |
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$ |
— |
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| Time deposits |
2,104 |
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2,104 |
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— |
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— |
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| Foreign currency exchange contracts |
3,060 |
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— |
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3,060 |
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— |
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| Interest rate swap agreements |
2,508 |
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— |
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2,508 |
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— |
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| Investment securities |
48,743 |
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48,743 |
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— |
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— |
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| Financial liabilities: |
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| Foreign currency exchange contracts |
18,422 |
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— |
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18,422 |
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— |
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| Deferred compensation |
52,123 |
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— |
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52,123 |
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— |
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Fair Value Measurement Using |
| (In thousands) |
Total Fair Value |
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Level 1 |
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Level 2 |
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Level 3 |
| December 2024 |
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| Financial assets: |
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| Cash equivalents: |
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| Money market funds |
$ |
263,637 |
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$ |
263,637 |
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$ |
— |
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$ |
— |
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| Time deposits |
2,575 |
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2,575 |
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— |
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— |
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| Foreign currency exchange contracts |
7,720 |
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— |
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7,720 |
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— |
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| Interest rate swap agreements |
5,390 |
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— |
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5,390 |
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— |
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| Investment securities |
48,976 |
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48,976 |
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— |
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— |
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| Financial liabilities: |
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| Foreign currency exchange contracts |
11,620 |
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— |
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11,620 |
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— |
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| Deferred compensation |
53,333 |
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— |
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53,333 |
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— |
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