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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2013:

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

27,116

 

$

 

$

 

$

27,116

 

U.S. government agency securities

 

113,583

 

44,346

 

 

157,929

 

U.S. corporate notes

 

91,871

 

12,200

 

 

104,071

 

U.S. commercial paper

 

4,989

 

39,978

 

 

44,967

 

Money market funds

 

192,694

 

 

 

192,694

 

Total assets measured at estimated fair value

 

$

430,253

 

$

96,524

 

$

 

$

526,777

 

Liabilities at June 30, 2013:

 

 

 

 

 

 

 

 

 

Convertible subordinated notes due 2015

 

$

268,596

 

$

 

$

 

$

268,596

 

Convertible subordinated notes due 2023

 

443,920

 

 

 

443,920

 

Total convertible subordinated notes

 

$

712,516

 

$

 

$

 

$

712,516

 

 

 

 

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