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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Schedule of assets measured at fair value on a recurring basis
The Company’s assets that are measured at fair value on a recurring basis, at June 30, 2014 and December 31, 2013, consist of the following:
 
 
 
Fair Value Measurements at Reporting Date Using
At June 30, 2014
Fair Value
 
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
Available-for-sale marketable securities:
 
 
 
 
 
U.S. government and government agency obligations
$
52,168

 

 
$
52,168

Corporate bonds
647,792

 

 
647,792

Municipal bonds
46,526

 

 
46,526

International government agency obligations
6,210

 

 
6,210

Certificates of deposit
7,922

 

 
7,922

Equity securities
6,974

 
$
6,974

 

 
$
767,592

 
$
6,974


$
760,618

 
 
 
 
 
 
At December 31, 2013
 
 
 
 
 
Available-for-sale marketable securities:
 
 
 
 
 
U.S. government and government agency obligations
$
107,521

 

 
$
107,521

Corporate bonds
369,193

 

 
369,193

Commercial paper
23,944

 

 
23,944

Municipal bonds
36,921

 

 
36,921

International government agency obligations
2,008

 

 
2,008

Certificates of deposit
7,514

 

 
7,514

Equity securities
1,166

 
$
1,166

 

 
$
548,267

 
$
1,166

 
$
547,101