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Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]  
Available-for-sale Securities
The following tables summarize the Company's investments in marketable securities at December 31, 2013 and 2012.
 
 
Amortized
 
Unrealized
 
Fair
At December 31, 2013
 
Cost Basis
 
Gains
 
Losses
 
Value
Unrestricted
 
 
 
 
 
 
 
 
U.S. government and government agency obligations
 
$
107,493

 
$
55

 
$
(27
)
 
$
107,521

Corporate bonds
 
369,321

 
233

 
(361
)
 
369,193

Commercial paper
 
23,891

 
53

 

 
23,944

Municipal bonds
 
36,935

 
45

 
(59
)
 
36,921

International government agency obligations
 
2,007

 
1

 

 
2,008

Certificates of deposit
 
7,509

 
5

 

 
7,514

Equity securities
 
1,166

 

 

 
1,166

 
 
$
548,322

 
$
392

 
$
(447
)
 
$
548,267

At December 31, 2012
 
 
 
 
 
 
 
 
Unrestricted
 
 
 
 
 
 
 
 
U.S. government and government agency obligations
 
$
327,502

 
$
661

 
$
(17
)
 
$
328,146

Municipal bonds
 
17,542

 

 
(32
)
 
17,510

     Equity securities
 
4,044

 

 
(651
)
 
3,393

 
 
349,088

 
661

 
(700
)
 
349,049

Restricted
 
 
 
 
 
 
 
 
U.S. government obligations
 
5,902

 
9

 
(2
)
 
5,909

 
 
$
354,990

 
$
670

 
$
(702
)
 
$
354,958

Marketable Securities, Based on Contractual Maturity Dates
The fair values of debt security investments by contractual maturity as of December 31, 2013 and 2012 consist of the following:
 
 
2013
 
2012
Unrestricted
 
 
 
 
Maturities within one year
 
$
158,376

 
$
77,819

Maturities after one year through five years
 
383,410

 
267,837

Maturities after five years through ten years
 
4,138

 

Maturities after ten years
 
1,177

 

 
 
547,101

 
345,656

Restricted
 
 
 
 
Maturities within one year
 

 
2,781

Maturities after one year through five years
 

 
3,128

 
 

 
5,909

 
 
$
547,101

 
$
351,565

Fair Value and Unrealized Losses of Marketable Securities
The following table shows the fair value of the Company’s marketable securities that have unrealized losses and that are deemed to be only temporarily impaired, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at December 31, 2013 and 2012.
 
Less than 12 Months
 
12 Months or Greater
 
Total
At December 31, 2013
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
Unrestricted
 
 
 
 
 
 
 
 
 
 
 
U.S. government and government agency obligations
$
49,241

 
$
(27
)
 

 

 
$
49,241

 
$
(27
)
Corporate bonds
176,140

 
(361
)
 

 

 
176,140

 
(361
)
Municipal bonds
14,431

 
(59
)
 

 

 
14,431

 
(59
)
 
$
239,812

 
$
(447
)
 

 

 
$
239,812

 
$
(447
)
 
 
 
 
 
 
 
 
 
 
 
 
At December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
Unrestricted
 
 
 
 
 
 
 
 
 
 
 
U.S. government and government agency obligations
$
44,738

 
$
(17
)
 

 

 
$
44,738

 
$
(17
)
Municipal bonds
17,510

 
(32
)
 

 

 
17,510

 
(32
)
Equity securities

 

 
$
3,393

 
$
(651
)
 
3,393

 
(651
)
 
62,248

 
(49
)
 
3,393

 
(651
)
 
65,641

 
(700
)
Restricted
 
 
 
 


 


 


 


U.S government obligations
1,194

 
(2
)
 

 

 
1,194

 
(2
)
 
$
63,442

 
$
(51
)
 
$
3,393

 
$
(651
)
 
$
66,835

 
$
(702
)