Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

			Level within the Fair Value Hierarchy	September 30, 2014					December 31, 2013
			Level within the Fair Value Hierarchy	Book Value		Fair Value		Total Gains (Losses)	Book Value		Fair Value
(Dollars in thousands)
Cash and cash equivalents			1	$	573,067	$	573,067		$	830,014	$	830,014
Short-term investments
	U.S. Treasury Notes		1		40,014		40,014			50,104		50,104
Long-term debt
	Retail		1		1,178,250		1,160,925			1,178,250		1,048,010
	Institutional and other		2		537,568		539,805			537,454		512,635
HMS Goodwill ⁽¹⁾			3		34,830		34,830	(84,000)		-		-

(1)		Goodwill with a carrying amount of $118.8 million was written down to its implied fair value of $34.8 million, resulting in an impairment charge of $84.0 million, which was recorded in Loss on impairment of assets in the Consolidated Statement of Operations in the third quarter of 2014. See Note 6 — Intangible Assets for additional information.

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References+ Details