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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Summary of Balances of Cash Equivalents and Investments The following tables present the balances of assets measured at fair value on a recurring basis, by level within the fair value hierarchy, as of the dates presented (in thousands):
 
December 31, 2018
 
Total
 
Level 1
 
Level 2
Cash equivalents:
 
 
 
 
 
Money market funds
$
541,575

 
$
541,575

 
$

Commercial paper
3,999

 

 
3,999

Short-term investments:
 
 
 
 
 
U.S. government agency securities
646,496

 

 
646,496

Corporate notes and bonds
112,933

 

 
112,933

Commercial paper
85,506

 

 
85,506

Municipal securities
39,306

 

 
39,306

Foreign government securities
14,915

 

 
14,915

Certificates of deposit
4,711

 

 
4,711

Mortgage origination-related:
 
 
 
 
 
Mortgage loans held for sale
35,409

 

 
35,409

Interest rate lock commitments
847

 

 
847

Forward contracts
(125
)
 

 
(125
)
Total
$
1,485,572

 
$
541,575

 
$
943,997

 
December 31, 2017
 
Total
 
Level 1
 
Level 2
Cash equivalents:
 
 
 
 
 
Money market funds
$
233,508

 
$
233,508

 
$

Corporate notes and bonds
6,199

 

 
6,199

Commercial paper
3,987

 

 
3,987

U.S. government agency securities
1,748

 

 
1,748

Certificates of deposit
249

 

 
249

Short-term investments:
 
 
 
 
 
U.S. government agency securities
298,758

 

 
298,758

Corporate notes and bonds
44,607

 

 
44,607

Commercial paper
39,325

 

 
39,325

Municipal securities
11,459

 

 
11,459

Certificates of deposit
10,297

 

 
10,297

Foreign government securities
5,998

 

 
5,998

Total
$
656,135

 
$
233,508

 
$
422,627