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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2013
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
The following tables present the Company's financial instruments that are measured at fair value on a recurring basis:
 
September 30, 2013
 
Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Fair Value
Measurements
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
347,345

 
$

 
$

 
$
347,345

Commercial paper

 
81,890

 

 
81,890

Time deposits

 
92,446

 

 
92,446

Marketable securities:
 
 
 
 
 
 
 
Corporate debt security

 
1,015

 

 
1,015

   Equity securities
25,325

 

 

 
25,325

Long-term investments:
 
 
 
 
 
 
 
Auction rate security

 

 
9,300

 
9,300

Marketable equity securities
12,360

 

 

 
12,360

Total
$
385,030

 
$
175,351

 
$
9,300

 
$
569,681

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Contingent consideration arrangement
$

 
$

 
$
(48,931
)
 
$
(48,931
)

 
December 31, 2012
 
Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Fair Value
Measurements
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
545,290

 
$

 
$

 
$
545,290

Time deposits

 
11,994

 

 
11,994

Marketable securities:
 
 
 
 
 
 
 
Corporate debt securities

 
13,627

 

 
13,627

Equity security
6,977

 

 

 
6,977

Long-term investments:
 
 
 
 
 
 
 
Auction rate security

 

 
8,100

 
8,100

Marketable equity securities
31,244

 

 

 
31,244

Total
$
583,511

 
$
25,621

 
$
8,100

 
$
617,232

Schedule of changes in assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)
The following tables present the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
 
Three Months Ended September 30,
 
2013
 
2012
 
Auction Rate
Security
 
Contingent
Consideration
Arrangement
 
Auction Rate
Security
 
(In thousands)
Balance at July 1
$
8,760

 
$
(46,912
)
 
$
6,730

Total net gains (losses) (unrealized):
 
 


 
 
Included in earnings

 
(632
)
 

Included in other comprehensive income (loss)
540

 
(1,387
)
 
600

Balance at September 30
$
9,300

 
$
(48,931
)
 
$
7,330

 
Nine Months Ended September 30,
 
2013
 
2012
 
Auction Rate
Security
 
Contingent
Consideration
Arrangement
 
Auction Rate
Security
 
Contingent
Consideration
Arrangement
 
(In thousands)
Balance at January 1
$
8,100

 
$

 
$
5,870

 
$
(10,000
)
Total net gains (losses) (unrealized):

 

 

 

Included in earnings

 
(6,339
)
 

 

Included in other comprehensive income (loss)
1,200

 
(1,755
)
 
1,460

 

Fair value at date of acquisition

 
(40,837
)
 

 

Settlements

 

 

 
10,000

Balance at September 30
$
9,300

 
$
(48,931
)
 
$
7,330

 
$

Schedule of fair values of the financial instruments
The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:
 
September 30, 2013
 
December 31, 2012
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
 
(In thousands)
Current maturities of long-term debt
$

 
$

 
$
(15,844
)
 
$
(15,875
)
Long-term debt, net of current maturities
(580,000
)
 
(538,891
)
 
(580,000
)
 
(581,994
)