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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2017
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 consist of the following:
 
 
 
Fair Value Measurements at Reporting Date Using
As of September 30, 2017
Fair Value
 
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
Available-for-sale marketable securities:
 
 
 
 
 
Corporate bonds
$
1,564,489

 

 
$
1,564,489

U.S. government and government agency obligations
189,058

 

 
189,058

Municipal bonds
4,606

 

 
4,606

Commercial paper
61,464

 

 
61,464

Certificates of deposit
6,525

 

 
6,525

Equity securities
88,040

 
$
88,040

 

 
$
1,914,182

 
$
88,040

 
$
1,826,142

 
 
 
 
 
 
As of December 31, 2016
 
 
 
 
 
Available-for-sale marketable securities:
 
 
 
 
 
Corporate bonds
$
1,072,851

 

 
$
1,072,851

U.S. government and government agency obligations
132,340

 

 
132,340

Municipal bonds
7,644

 

 
7,644

Commercial paper
63,075

 

 
63,075

Certificates of deposit
42,612

 

 
42,612

Equity securities
49,219

 
$
49,219

 

 
$
1,367,741

 
$
49,219

 
$
1,318,522