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FAIR VALUE DISCLOSURES (Tables)
6 Months Ended
Jun. 30, 2012
Cash, Cash Equivalents And Investments, As Well As The Hierarchy For Financial Instruments Measured At Fair Value On A Recurring Basis

The following table presents the Company’s cash equivalents and short-term investments, as well as the hierarchy for its financial instruments measured at fair value on a recurring basis:

 

            Fair value measurements using:  
     Fair Value      Level 1      Level 2      Level 3  

June 30, 2012:

           

Cash equivalents:

           

Money market funds

   $ 45,667       $ 45,667         —           —     

Short-term investments:

           

U.S. Treasury bills

   $ 199,948       $ 199,948         —           —     

December 31, 2011:

           

Cash equivalents:

           

Money market funds

   $ 44,044       $ 44,044         —           —     

Short-term investments:

           

U.S. Treasury bills

   $ 74,996       $ 74,996         —           —     
Fair Value Of Other Financial Instruments Not Measured On A Recurring Basis

In the table below, the Company has presented the fair value of other financial instruments that are not measured at fair value on a recurring basis.

 

            Fair value measurements using:  
     Fair Value      Level 1      Level 2      Level 3  

June 30, 2012:

           

Assets:

           

Bank deposits (included in “Cash and cash equivalents”)

   $ 98,852       $ 98,852         —           —     

Liabilities:

           

Convertible Notes

   $ 289,800         —         $ 289,800         —     

December 31, 2011:

           

Assets:

           

Bank deposits (included in “Cash and cash equivalents”)

   $ 26,092       $ 26,092         —           —