Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2017

Investments, Debt and Equity Securities [Abstract]

Available-for-sale Securities

The following tables summarize the Company's investments in marketable securities:

	Amortized		Unrealized					Fair
As of June 30, 2017	Cost Basis		Gains		Losses			Value
Corporate bonds	$	1,350,232	$	2,416	$	(2,661	)	$	1,349,987
U.S. government and government agency obligations	147,563		70		(570		)	147,063
Municipal bonds	4,624		1		(9		)	4,616
Commercial paper	13,614		—		—			13,614
Certificates of deposit	12,565		—		—			12,565
Equity securities	57,251		9,397		(6,279		)	60,369
	$	1,585,849	$	11,884	$	(9,519	)	$	1,588,214
As of December 31, 2016
Corporate bonds	$	1,076,964	$	630	$	(4,743	)	$	1,072,851
U.S. government and government agency obligations	132,923		58		(641		)	132,340
Municipal bonds	7,663		1		(20		)	7,644
Commercial paper	63,074		1		—			63,075
Certificates of deposit	42,612		—		—			42,612
Equity securities	57,251		5,551		(13,583		)	49,219
	$	1,380,487	$	6,241	$	(18,987	)	$	1,367,741

Marketable Securities, Based on Contractual Maturity Dates

The fair values of debt security investments by contractual maturity consist of the following:

	June 30, 2017		December 31, 2016
Maturities within one year	$	523,537	$	503,481
Maturities after one year through five years	1,004,308		815,041
	$	1,527,845	$	1,318,522

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.

	Less than 12 Months					12 Months or Greater					Total
As of June 30, 2017	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
Corporate bonds	$	644,801	$	(2,656	)	$	7,444	$	(5	)	$	652,245	$	(2,661	)
U.S. government and government agency obligations	120,102		(570		)	—		—			120,102		(570		)
Municipal bonds	4,113		(9		)	—		—			4,113		(9		)
Equity securities	48,967		(6,279		)	—		—			48,967		(6,279		)
	$	817,983	$	(9,514	)	$	7,444	$	(5	)	$	825,427	$	(9,519	)
As of December 31, 2016
Corporate bonds	$	759,222	$	(4,685	)	$	36,407	$	(58	)	$	795,629	$	(4,743	)
U.S. government and government agency obligations	81,170		(641		)	—		—			81,170		(641		)
Municipal bonds	7,141		(20		)	—		—			7,141		(20		)
Equity securities	36,417		(13,583		)	—		—			36,417		(13,583		)
	$	883,950	$	(18,929	)	$	36,407	$	(58	)	$	920,357	$	(18,987	)