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Fair Value Measurements (Tables)
9 Months Ended
Sep. 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 September 30, 2014 and December 31, 2013, consist of the following:
 
 
 
Fair Value Measurements at Reporting Date Using
At September 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:
 
 
 
 
 
Unrestricted
 
 
 
 
 
U.S. government and government agency obligations
$
51,129

 

 
$
51,129

Corporate bonds
695,592

 

 
695,592

Municipal bonds
42,842

 

 
42,842

Equity securities
5,099

 
$
5,099

 

 
794,662

 
5,099

 
789,563

Restricted
 
 
 
 
 
Equity securities
54,431

 

 
54,431

 
$
849,093

 
$
5,099


$
843,994

 
 
 
 
 
 
At December 31, 2013
 
 
 
 
 
Available-for-sale marketable securities:
 
 
 
 
 
Unrestricted
 
 
 
 
 
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