Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Fair Value Hierarchy of Financial Assets Carried at Fair Value

As of June 30, 2016 and December 31, 2015, the fair value hierarchy for our financial assets that are carried at fair value was as follows (in thousands), and unrealized gains (losses) on all financial assets for all periods presented were less than $1.0 million:

	June 30, 2016								December 31, 2015
	Fair Value		Level I		Level II		Level III		Fair Value		Level I		Level II		Level III
Money market funds	$	2,761,729	$	2,761,729	$	—	$	—	$	297,810	$	297,810	$	—	$	—
U.S. treasury bills		-		-		—		—		16,664		16,664		—		—
Total	$	2,761,729	$	2,761,729	$	—	$	—	$	314,474	$	314,474	$	—	$	—

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details