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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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 June 30, 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
$
2,480,571

 

 
$
2,480,571

U.S. government and government agency obligations
124,836

 

 
124,836

Municipal bonds
2,564

 

 
2,564

Commercial paper
76,013

 

 
76,013

Certificates of deposit
40,773

 

 
40,773

Equity securities
85,588

 
$
85,588

 

 
$
2,810,345

 
$
85,588

 
$
2,724,757

 
 
 
 
 
 
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