Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value, Assets Measured on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis at September 30, 2015, summarized by measurement input category, were as follows:



	Total		Level 1		Level 2		Level 3
	(in thousands)
Assets
Cash, including short-term deposits⁽¹⁾	$	69,746	$	69,746	$	—	$	—
Restricted cash	20,171		20,171		—		—
Mutual funds⁽²⁾	13,500		13,500		—		—
Corporate securities⁽²⁾	83,291		72,397		—		10,894
Corporate obligations⁽²⁾	29,844		—		8,709		21,135
Investments in equity-method investees	33,177		33,177		—		—
Investments in certain funds⁽³⁾	489		—		—		489
Total assets	$	250,218	$	208,991	$	8,709	$	32,518

Liabilities
Financial instrument obligations	$	20,171	$	20,171	$	—	$	—


(1)	Reported within "Cash and cash equivalents"


(2)	Reported within “Marketable securities”


(3)	Reported within "Other long-term investments"

Assets and liabilities measured at fair value on a recurring basis at December 31, 2014, summarized by measurement input category, were as follows:



	Total		Level 1		Level 2		Level 3
	(in thousands)
Assets
Cash, including short-term deposits⁽¹⁾	$	51,910	$	51,910	$	—	$	—
Mutual funds⁽²⁾	20,970		20,970		—		—
Corporate securities⁽²⁾	87,850		72,798		—		15,052
Corporate obligations⁽²⁾	29,637		—		10,793		18,844
Investments in equity-method investees	24,355		24,355		—		—
Investments in certain funds⁽³⁾	525		—		—		525
Total	$	215,247	$	170,033	$	10,793	$	34,421

Liabilities
Financial instrument obligations	$	21,311	$	21,311	$	—	$	—


(1)	Reported within "Cash and cash equivalents."


(2)	Reported within “Marketable securities.”


(3)	Reported within "Other long-term investments."

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

Changes in the fair value of assets valued using Level 3 measurement inputs during the three and nine months ended September 30, 2015 and 2014, were as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(in thousands)
Balance, beginning of period	$	35,483		$	32,346		$	34,421		$	24,209
Purchases	—			2,756			5,108			13,294
Sales	(1,229		)	(137		)	(1,751		)	(4,869		)
Realized losses on sale	—			—			—			(129		)
Unrealized gains (losses)	(1,736		)	1,184			(5,260		)	3,644
Balance, end of period	$	32,518		$	36,149		$	32,518		$	36,149