| 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 |
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| (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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| June 2020 |
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| Financial assets: |
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| Cash equivalents: |
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| Money market funds |
$ |
194,305 |
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$ |
194,305 |
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$ |
— |
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$ |
— |
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| Time deposits |
1,455 |
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1,455 |
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— |
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— |
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| Foreign currency exchange contracts |
4,559 |
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— |
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4,559 |
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— |
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| Investment securities |
54,549 |
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54,549 |
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— |
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— |
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| Financial liabilities: |
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| Foreign currency exchange contracts |
10,019 |
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— |
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10,019 |
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— |
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| Interest rate swap agreements |
18,832 |
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— |
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18,832 |
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— |
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| Deferred compensation |
54,766 |
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— |
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54,766 |
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— |
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Fair Value Measurement Using |
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| (In thousands) |
Total Fair Value |
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Level 1 |
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Level 2 |
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Level 3 |
| December 2019 |
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| Financial assets: |
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| Cash equivalents: |
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| Money market funds |
$ |
25,706 |
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$ |
25,706 |
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$ |
— |
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$ |
— |
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| Time deposits |
4,788 |
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4,788 |
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— |
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— |
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| Foreign currency exchange contracts |
5,563 |
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— |
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5,563 |
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— |
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| Investment securities |
59,922 |
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56,437 |
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3,485 |
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— |
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| Financial liabilities: |
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| Foreign currency exchange contracts |
2,795 |
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— |
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2,795 |
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— |
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| Interest rate swap agreements |
3,089 |
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— |
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3,089 |
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— |
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| Deferred compensation |
60,129 |
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— |
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60,129 |
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— |
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