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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Fair Value Measurements
The following table provides the assets carried at fair value (in thousands):
 
 
 

Fair Value Measurements Using:
 
Total Carrying
Value

Quoted Market
Prices in Active
Markets (Level 1)

Significant Other
Observable Inputs
(Level 2)

Significant
Unobservable Inputs
(Level 3)
As of December 31, 2013







Cash equivalents(1)
$
2,255,951


$
2,255,951


$


$

Interest rate caps(2)
$
159


$


$
159


$

As of December 31, 2012
 
 
 
 
 
 
 
Cash equivalents(1)
$
1,377,330


$
1,377,330


$


$

Interest rate caps(2)
$
218


$


$
218


$

_________________________
(1)
The Company has short-term investments classified as cash equivalents as the original maturities are less than 90 days.
(2)
As of December 31, 2013 and 2012, the Company has 22 and 30 interest rate cap agreements, respectively, with an aggregate fair value of approximately $0.2 million, based on quoted market values from the institutions holding the agreements.