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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2014
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, 2014:

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

37,116

 

$

 

$

 

$

37,116

 

U.S. government agency securities

 

82,895

 

27,335

 

 

110,230

 

U.S. corporate notes

 

69,497

 

19,148

 

 

88,645

 

U.S. commercial paper

 

74,487

 

 

 

74,487

 

Money market funds

 

114,994

 

 

 

114,994

 

Total assets measured at estimated fair value

 

$

378,989

 

$

46,483

 

$

 

$

425,472

 

Liabilities at March 31, 2014:

 

 

 

 

 

 

 

 

 

Convertible subordinated notes due 2023

 

$

 

$

369,685

 

$

 

$

369,685

 

 

 

 

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, 2013:

 

 

 

 

 

 

 

 

 

U.S. government securities

 

$

42,158

 

$

 

$

 

$

42,158

 

U.S. government agency securities

 

98,236

 

43,095

 

 

141,331

 

U.S. corporate notes

 

61,591

 

33,386

 

 

94,977

 

U.S. commercial paper

 

3,499

 

98,523

 

 

102,022

 

Money market funds

 

122,343

 

 

 

122,343

 

Total assets measured at estimated fair value

 

$

327,827

 

$

175,004

 

$

 

$

502,831

 

Liabilities at December 31, 2013:

 

 

 

 

 

 

 

 

 

Convertible subordinated notes due 2023

 

$

 

$

408,250

 

$

 

$

408,250