Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.21.2
Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Assets (Liabilities) Measured at Fair Value
A summary of assets (liabilities) measured at fair value is as follows:
    As of September 30, 2021
    Total Level 1 Level 2 Level 3
Commercial paper $ 141,157  $ —  $ 141,157  $ — 
Corporate bonds $ 303,262  —  303,262  — 
Municipal bonds $ 14,490  —  14,490  — 
Commodity contract derivatives $ (3,976) (258) (3,718) — 
$ 454,933  $ (258) $ 455,191  $ — 
    As of December 31, 2020
    Total Level 1 Level 2 Level 3
Commercial paper $ 48,714  $ —  $ 48,714  $ — 
Corporate bonds $ 169,998  —  169,998  — 
U.S. Treasury bills $ 44,992  44,992  —  — 
Municipal bonds $ 5,839  —  5,839  — 
Commodity contract derivatives $ (8,706) (3,069) (5,637) $ — 
    $ 260,837  $ 41,923  $ 218,914  $ — 
Estimated Fair Values of the Company's Financial Instruments
The estimated fair values of the Company’s financial instruments, which are not recorded at fair value, are as follows:
    As of September 30, 2021 As of December 31, 2020
    Asset (Liability)
Carrying
Amount
Fair Value Asset (Liability)
Carrying
Amount
Fair Value
Financial liabilities:                
Debt and line of credit $ (550,003) $ (562,962) $ (66,977) $ (418,107)