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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2018
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 March 31, 2018
Fair Value
 
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
Available-for-sale debt securities:
 
 
 
 
 
Corporate bonds
$
2,110,609

 

 
$
2,110,609

U.S. government and government agency obligations
154,700

 

 
154,700

Municipal bonds
2,580

 

 
2,580

Commercial paper
70,385

 

 
70,385

Certificates of deposit
20,097

 

 
20,097

Equity securities
69,075

 
$
69,075

 

 
$
2,427,446

 
$
69,075

 
$
2,358,371

 
 
 
 
 
 
As of December 31, 2017
 
 
 
 
 
Available-for-sale debt securities:
 
 
 
 
 
Corporate bonds
$
1,712,480

 

 
$
1,712,480

U.S. government and government agency obligations
185,492

 

 
185,492

Municipal bonds
4,587

 

 
4,587

Commercial paper
106,973

 

 
106,973

Certificates of deposit
11,024

 

 
11,024

Equity securities
62,785

 
$
62,785

 

 
$
2,083,341

 
$
62,785

 
$
2,020,556