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Fair Value (Tables)
3 Months Ended
Mar. 31, 2012
Fair Value [Abstract]  
Fair value of financial assets and liabilities
                                 
    Fair Value Measurements as of March 31, 2012:  
    Total     Level 1     Level 2     Level 3  
    (In thousands)  

Assets

                               

Cash equivalents – money market funds

  $ 529,194     $ 529,194     $ —       $ —    

Available-for-sale securities

    3,287       3,287       —         —    

Trading securities held in Non-Qualified Deferred Compensation Plan, or NQDC

    21,986       21,986       —         —    

2015 Notes Hedges

    257,775       —         257,775       —    

Foreign currency exchange contracts

    170       —         170       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total Assets

  $ 812,412     $ 554,467     $ 257,945     $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 
         
    Total     Level 1     Level 2     Level 3  
    (In thousands)  

Liabilities

                               

Acquisition-related contingent consideration

  $ 3,987     $ —       $ —       $ 3,987  

2015 Notes Embedded Conversion Derivative

    257,775       —         257,775       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total Liabilities

  $ 261,762     $ —       $ 257,775     $ 3,987  
   

 

 

   

 

 

   

 

 

   

 

 

 
   
    Fair Value Measurements as of December 31, 2011:  
    Total     Level 1     Level 2     Level 3  
    (In thousands)  

Assets

                               

Cash equivalents – money market funds

  $ 484,102     $ 484,102     $ —       $ —    

Available-for-sale securities

    3,037       3,037       —         —    

Trading securities held in NQDC

    24,058       24,058       —         —    

2015 Notes Hedges

    215,113       —         215,113       —    

Foreign currency exchange contracts

    200       —         200       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total Assets

  $ 726,510     $ 511,197     $ 215,313     $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 
         
    Total     Level 1     Level 2     Level 3  
    (In thousands)  

Liabilities

                               

Acquisition-related contingent consideration

  $ 3,911     $ —       $ —       $ 3,911  

2015 Notes Embedded Conversion Derivative

    215,113       —         215,113       —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Total Liabilities

  $ 219,024     $ —       $ 215,113     $ 3,911  
   

 

 

   

 

 

   

 

 

   

 

 

 
Liabilities included in level 3 representing fair value of contingent consideration associated with acquisitions

The following table summarizes the level 3 activity for the three months ended March 31, 2012:

 

         
    (In thousands)  

Balance as of December 31, 2011

  $ 3,911  

Payments

    (39

Adjustments

    115  
   

 

 

 

Balance as of March 31, 2012

  $ 3,987