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Financial Instruments and Fair Value Measurement (Tables)
3 Months Ended
Dec. 31, 2012
Financial Instruments and Fair Value Measurement  
Summary of available-for-sale securities

 

 

 

 

 

 

Gross

 

Gross

 

Estimated

 

 

 

 

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Equity securities December 31, 2012

 

$

129,183

 

$

304,185

 

$

 

$

433,368

 

Equity securities September 30, 2012

 

$

129,183

 

$

304,396

 

$

 

$

433,579

 

 

Summary of assets measured at fair value on a recurring basis

The following table summarizes our assets measured at fair value on a recurring basis presented in our Consolidated Condensed Balance Sheet as of December 31, 2012:

 

 

 

 

 

Quoted Prices

 

 

 

 

 

 

 

Total

 

in Active

 

Significant

 

 

 

 

 

Measure

 

Markets for

 

Other

 

Significant

 

 

 

at

 

Identical

 

Observable

 

Unobservable

 

 

 

Fair

 

Assets

 

Inputs

 

Inputs

 

 

 

Value

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

241,146

 

$

241,146

 

$

 

$

 

Equity securities

 

433,368

 

433,368

 

 

 

Other current assets

 

11,250

 

11,000

 

250

 

 

Other assets

 

2,000

 

2,000

 

 

 

Total assets measured at fair value

 

$

687,764

 

$

687,514

 

$

250

 

$

 

 

Summary of supplemental fair value information about fixed-rate debt

 

 

 

 

December 31,

 

September 30,

 

 

 

2012

 

2012

 

 

 

(in thousands)

 

 

 

 

 

 

 

Carrying value of fixed-rate debt

 

$

235.0

 

$

235.0

 

Fair value of fixed-rate debt

 

$

247.4

 

$

252.7