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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value Disclosures [Abstract]  
Schedule of Marketable Securities
The following is a summary of marketable securities and other investment-related assets held at December 31, 2012 and 2011 (in thousands):
 
 
 
Gross Unrealized
 
Aggregate
Fair Value
 
Classified on Balance Sheet
 
 
 
 
 
 
 
 
Short-term
Marketable
Securities
 
Long-term
Marketable
Securities
As of December 31, 2012
Cost
 
Gains
 
Losses
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Certificates of deposit
$
3,100

 
$

 
$

 
$
3,100

 
$
3,057

 
$
43

Commercial paper
7,481

 
2

 
(1
)
 
7,482

 
7,482

 

Corporate debt securities
691,931

 
1,269

 
(205
)
 
692,995

 
217,548

 
475,447

U.S. government agency obligations
189,607

 
95

 
(28
)
 
189,674

 
7,505

 
182,169

 
$
892,119

 
$
1,366

 
$
(234
)
 
$
893,251

 
$
235,592

 
$
657,659

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Unrealized
 
Aggregate
Fair Value
 
Classified on Balance Sheet
 
 
 
 
 
 
 
 
Short-term
Marketable
Securities
 
Long-term
Marketable
Securities
As of December 31, 2011
Cost
 
Gains
 
Losses
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Certificates of deposit
$
42

 
$

 
$

 
$
42

 
$

 
$
42

Corporate debt securities
524,515

 
873

 
(580
)
 
524,808

 
285,012

 
239,796

U.S. government agency obligations
145,995

 
78

 
(165
)
 
145,908

 
5,017

 
140,891

 
$
670,552

 
$
951

 
$
(745
)
 
$
670,758

 
$
290,029

 
$
380,729

Schedule of Fair Value Measurement
The following tables detail the fair value measurements within the fair value hierarchy of the Company’s financial assets and liabilities, including investments, cash equivalents and the contingent consideration obligation related to the acquisition of Verivue, at December 31, 2012 and 2011 (in thousands):
 
 
Total Fair Value at
December 31, 2012
 
Fair Value Measurements at Reporting
Date Using
 
Level 1
 
Level 2
 
Level 3
Assets
 
 
 
 
 
 
 
Money market funds
$
22,255

 
$
22,255

 
$

 
$

Certificates of deposit
7,473

 
7,473

 

 

Commercial paper
9,482

 

 
9,482

 

U.S. government agency obligations
189,674

 

 
189,674

 

Corporate debt securities
692,995

 

 
692,995

 

 
$
921,879

 
$
29,728

 
$
892,151

 
$

Liabilities
 
 
 
 
 
 
 
Contingent consideration obligation related to Verivue acquisition
$
(1,200
)
 

 

 
(1,200
)
 
$
(1,200
)
 
$

 
$

 
$
(1,200
)

 
 
Total Fair Value at
December 31, 2011
 
Fair Value Measurements at Reporting
Date Using
 
Level 1
 
Level 2
 
Level 3
Money market funds
$
302,507

 
$
302,507

 
$

 
$

Certificates of deposit
42

 
42

 

 

Commercial paper
57,498

 

 
57,498

 

U.S. government agency obligations
145,908

 

 
145,908

 

Corporate debt securities
524,808

 

 
524,808

 

 
$
1,030,763

 
$
302,549

 
$
728,214

 
$

Schedule of Activity of Major Classes of Assets Measured at Fair Value Using Level 3 Inputs
The following tables reflect the activity for the Company’s major classes of assets and liabilities measured at fair value using Level 3 inputs for the years ended December 31, 2012 and 2011 (in thousands):
 
 
Auction Rate
Securities
Balance as of December 31, 2010
$
137,256

Redemptions and sales of securities
(137,256
)
Balance as of December 31, 2011 and 2012
$

 
Contingent Consideration Obligation
Balance as of December 31, 2010
$
(990
)
Payments
550

Change in fair value estimate
440

Balance as of December 31, 2011
$

Contingent consideration obligation related to Verivue acquisition
(1,200
)
Balance as of December 31, 2012
$
(1,200
)
Schedule of Contractual Maturities of Marketable Securities and Other Investment Related Assets
Contractual maturities of the Company’s marketable securities held at December 31, 2012 and 2011 are as follows (in thousands):
 
 
December 31,
 
2012
 
2011
Available-for-sale securities:
 
 
 
Due in one year or less
$
235,592

 
$
290,029

Due after 1 year through 5 years
657,659

 
380,729

Due after 5 years

 

 
$
893,251

 
$
670,758