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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2014
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:
 
March 31, 2014
 
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
$
426,050

 
$

 
$

 
$
426,050

Commercial paper

 
184,005

 

 
184,005

Time deposits

 
54,623

 

 
54,623

Marketable securities:
 
 
 
 
 
 
 
Corporate debt securities

 
33,961

 

 
33,961

   Equity securities
5,582

 

 

 
5,582

Long-term investments:
 
 
 
 
 
 
 
Auction rate security

 

 
9,150

 
9,150

Marketable equity security
10,218

 

 

 
10,218

Total
$
441,850

 
$
272,589

 
$
9,150

 
$
723,589

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Contingent consideration arrangements
$

 
$

 
$
(48,758
)
 
$
(48,758
)

 
December 31, 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
$
698,307

 
$

 
$

 
$
698,307

Commercial paper

 
12,000

 

 
12,000

Time deposits

 
32,325

 

 
32,325

Marketable securities:
 
 
 
 
 
 
 
Corporate debt security

 
1,008

 

 
1,008

Equity securities
4,996

 

 

 
4,996

Long-term investments:
 
 
 
 
 
 
 
Auction rate security

 

 
8,920

 
8,920

Marketable equity securities
11,711

 

 

 
11,711

Total
$
715,014

 
$
45,333

 
$
8,920

 
$
769,267

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Contingent consideration arrangements
$

 
$

 
$
(45,828
)
 
$
(45,828
)
Schedule of changes in assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)
The following table presents 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 March 31,
 
2014
 
2013
 
Auction Rate
Security
 
Contingent
Consideration
Arrangements
 
Auction Rate
Security
 
Contingent
Consideration
Arrangements
 
(In thousands)
Balance at January 1
$
8,920

 
$
(45,828
)
 
$
8,100

 
$
(1,909
)
Total net gains (losses):
 
 


 
 
 
 
Included in earnings (unrealized)

 
27

 

 
(1,458
)
Included in other comprehensive income (loss)
230

 
(363
)
 
480

 

Fair value at date of acquisition

 
(2,835
)
 

 
(41,387
)
Settlements

 
241

 

 
177

Balance at March 31
$
9,150

 
$
(48,758
)
 
$
8,580

 
$
(44,577
)
Fair Value, by Balance Sheet Grouping
The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:
 
March 31, 2014
 
December 31, 2013
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
 
(In thousands)
Liabilities:
 
 
 
 
 
 
 
Long-term debt
$
(1,080,000
)
 
$
(1,096,897
)
 
$
(1,080,000
)
 
$
(1,058,396
)