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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 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 September 30, 2013:

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

42,229

 

$

 

$

 

$

42,229

 

U.S. government agency securities

 

114,180

 

47,677

 

 

161,857

 

U.S. corporate notes

 

85,302

 

18,507

 

 

103,809

 

U.S. commercial paper

 

 

133,818

 

 

133,818

 

Money market funds

 

146,459

 

 

 

146,459

 

Total assets measured at estimated fair value

 

$

388,170

 

$

200,002

 

$

 

$

588,172

 

Liabilities at September 30, 2013:

 

 

 

 

 

 

 

 

 

Convertible subordinated notes due 2023

 

$

 

$

476,531

 

$

 

$

476,531

 

 

 

 

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