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AVAILABLE-FOR-SALE SECURITIES AND FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2017
AVAILABLE-FOR-SALE SECURITIES AND FAIR VALUE MEASUREMENTS  
Schedule of amortized cost and estimated fair values for available-for-sale securities

                                                                                                                                                                                                                                  

 

 

December 31, 2017

 

(In thousands)

 

Amortized
Cost

 

Gross
Unrealized
Gains

 

Gross
Unrealized
Losses

 

Estimated
Fair Value

 

U.S. government securities

 

$

9,943

 

$

 

$

(1

)

$

9,942

 

U.S. government agencies

 

 

9,987

 

 

 

 

(2

)

 

9,985

 

U.S. corporate notes

 

 

10,881

 

 

 

 

(15

)

 

10,866

 

U.S. commercial papers

 

 

29,945

 

 

 

 

 

 

29,945

 

Money market funds

 

 

61,971

 

 

 

 

 

 

61,971

 

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

122,727

 

$

 

$

(18

)

$

122,709

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

December 31, 2016

 

(In thousands)

 

Amortized
Cost

 

Gross
Unrealized
Gains

 

Gross
Unrealized
Losses

 

Estimated
Fair Value

 

U.S. government agencies

 

$

12,428

 

$

1

 

$

 

$

12,429

 

U.S. commercial papers

 

 

72,065

 

 

 

 

 

 

72,065

 

Money market funds

 

 

64,319

 

 

 

 

 

 

64,319

 

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

148,812

 

$

1

 

$

 

$

148,813

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of available-for-sale securities measured on a recurring basis

                                                                                                                                                                                                                 

 

 

Estimated Fair Value Measurements as of
December 31, 2017 Using:

 

 

 

Quoted Price in
Active Markets
for Identical
Assets

 

Significant Other
Observable
Inputs

 

Significant
Unobservable
Inputs

 

 

 

Types of Instruments
(In thousands)

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

 

$

9,942

 

$

 

$

9,942

 

U.S. government agencies

 

 

 

 

9,985

 

 

 

 

9,985

 

U.S. corporate notes

 

 

 

 

10,866

 

 

 

 

10,866

 

U.S. commercial papers

 

 

 

 

29,945

 

 

 

 

29,945

 

Money market funds

 

 

61,971

 

 

 

 

 

 

61,971

 

​  

​  

​  

​  

​  

​  

​  

​  

Total assets measured at estimated fair value

 

$

61,971

 

$

60,738

 

$

 

$

122,709

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

Term B Loan

 

$

 

$

243,750

 

$

 

$

243,750

 

2023 Notes

 

 

 

 

241,259

 

 

 

 

241,259

 

2025 Notes

 

 

 

 

205,975

 

 

 

 

205,975

 

​  

​  

​  

​  

​  

​  

​  

​  

Total fair value of liabilities

 

$

 

$

690,984

 

$

 

$

690,984

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

Estimated Fair Value Measurements as of
December 31, 2016 Using:

 

 

 

Quoted Price in
Active Markets
for Identical
Assets

 

Significant Other
Observable
Inputs

 

Significant
Unobservable
Inputs

 

 

 

Types of Instruments
(In thousands)

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government agencies

 

$

 

$

12,429

 

$

 

$

12,429

 

U.S. commercial papers

 

 

 

 

72,065

 

 

 

 

72,065

 

Money market funds

 

 

64,319

 

 

 

 

 

 

64,319

 

​  

​  

​  

​  

​  

​  

​  

​  

Total assets measured at estimated fair value

 

$

64,319

 

$

84,494

 

$

 

$

148,813

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

2023 Notes

 

$

 

$

202,125

 

$

 

$

202,125

 

2029 Notes

 

 

 

 

487,189

 

 

 

 

487,189

 

​  

​  

​  

​  

​  

​  

​  

​  

Total fair value of liabilities

 

$

 

$

689,314

 

$

 

$

689,314

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​