XML 53 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 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:
 
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 arrangement
$

 
$

 
$
(43,625
)
 
$
(43,625
)
 
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 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):
 
For the Year Ended
 
December 31, 2013
 
December 31, 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):
 
 
 
 
 
 
 
Included in earnings (unrealized)

 
(343
)
 

 

Included in other comprehensive income (loss)
820

 
(2,445
)
 
2,230

 

Fair value at date of acquisition

 
(40,837
)
 

 

Settlements

 

 

 
10,000

Balance at December 31
$
8,920

 
$
(43,625
)
 
$
8,100

 
$

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:
 
December 31, 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
(1,080,000
)
 
(1,058,396
)
 
(580,000
)
 
(581,994
)