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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2013
FAIR VALUE MEASUREMENTS  
Schedule of estimated fair values

 

 

 

 

Estimated Fair Value Measurements at Reporting Date Using

 

Types of Instruments

 

Quoted Prices
in Active
Markets for
Identical
Assets

 

Significant
Other
Observable
Inputs

 

Significant
Unobservable
Inputs

 

 

 

(in thousands)

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets at March 31, 2013:

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

22,170

 

$

 

$

 

$

22,170

 

U.S. government agency securities

 

81,260

 

71,624

 

 

152,884

 

U.S. corporate notes

 

56,259

 

26,042

 

 

82,301

 

U.S. commercial paper

 

 

59,120

 

 

59,120

 

Money market funds

 

233,827

 

 

 

233,827

 

Total assets measured at estimated fair value

 

$

393,516

 

$

156,786

 

$

 

$

550,302

 

Liabilities at March 31, 2013:

 

 

 

 

 

 

 

 

 

Convertible subordinated notes due 2015

 

$

204,413

 

$

 

$

 

$

204,413

 

Convertible subordinated notes due 2023

 

 

313,573

 

 

313,573

 

Total convertible subordinated notes

 

$

204,413

 

$

313,573

 

$

 

$

517,986

 

 

 

 

Estimated Fair Value Measurements at Reporting Date Using

 

Types of Instruments

 

Quoted Prices
in Active
Markets for
Identical
Assets

 

Significant
Other
Observable
Inputs

 

Significant
Unobservable
Inputs

 

 

 

(in thousands)

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets at December 31, 2012:

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

27,205

 

$

 

$

 

$

27,205

 

U.S. government agency securities

 

56,969

 

58,497

 

 

115,466

 

U.S. corporate notes

 

40,472

 

51,094

 

 

91,566

 

U.S. commercial paper

 

 

23,082

 

 

23,082

 

Money market funds

 

78,646

 

 

 

78,646

 

Total assets measured at estimated fair value

 

$

203,292

 

$

132,673

 

$

 

$

335,965

 

Liabilities at December 31, 2012:

 

 

 

 

 

 

 

 

 

Convertible subordinated notes due 2015

 

$

 

$

194,050

 

$

 

$

194,050