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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 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:
 
September 30, 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
$
219,375

 
$

 
$

 
$
219,375

Commercial paper

 
286,347

 

 
286,347

Time deposits

 
77,041

 

 
77,041

Marketable securities:
 
 
 
 
 
 
 
Corporate debt securities

 
116,941

 

 
116,941

   Equity security
2,108

 

 

 
2,108

Long-term investments:
 
 
 
 
 
 
 
Auction rate security

 

 
8,580

 
8,580

Marketable equity security
10,234

 

 

 
10,234

Total
$
231,717

 
$
480,329

 
$
8,580

 
$
720,626

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Contingent consideration arrangements
$

 
$

 
$
(25,169
)
 
$
(25,169
)

 
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 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,
 
2014
 
2013
 
Auction Rate
Security
 
Contingent
Consideration
Arrangements
 
Auction Rate
Security
 
Contingent
Consideration
Arrangements
 
(In thousands)
Balance at July 1
$
9,250

 
$
(41,397
)
 
$
8,760

 
$
(49,182
)
Total net gains (losses):
 
 


 
 
 
 
Included in earnings (unrealized)

 
14,281

 

 
(632
)
Included in other comprehensive (loss) income
(670
)
 
1,918

 
540

 
(1,387
)
Settlements

 
29

 

 
13

Balance at September 30
$
8,580

 
$
(25,169
)
 
$
9,300

 
$
(51,188
)
 
Nine Months Ended September 30,
 
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)

 
13,781

 

 
(6,339
)
Included in other comprehensive (loss) income
(340
)
 
2,054

 
1,200

 
(1,755
)
Fair value at date of acquisition

 
(2,835
)
 

 
(41,387
)
Settlements

 
7,659

 

 
202

Balance at September 30
$
8,580

 
$
(25,169
)
 
$
9,300

 
$
(51,188
)
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:
 
September 30, 2014
 
December 31, 2013
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
 
(In thousands)
Liabilities:
 
 
 
 
 
 
 
Long-term debt
$
(1,080,000
)
 
$
(1,068,456
)
 
$
(1,080,000
)
 
$
(1,058,396
)