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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2015
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, 2015
 
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
$
601,848

 
$

 
$

 
$
601,848

Time deposits

 
125,038

 

 
125,038

Commercial paper

 
302,418

 

 
302,418

Marketable securities:
 
 
 
 
 
 
 
Corporate debt securities

 
27,578

 

 
27,578

Equity security
11,622

 

 

 
11,622

Long-term investments:
 
 
 
 
 
 
 
Auction rate security

 

 
4,050

 
4,050

Marketable equity security
7,542

 

 

 
7,542

Total
$
621,012

 
$
455,034

 
$
4,050

 
$
1,080,096

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Contingent consideration arrangements
$

 
$

 
$
(33,873
)
 
$
(33,873
)
 
December 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
$
174,720

 
$

 
$

 
$
174,720

Time deposits

 
388,801

 

 
388,801

Commercial paper

 
42,914

 

 
42,914

Marketable securities:
 
 
 
 
 
 
 
Corporate debt securities

 
159,197

 

 
159,197

Equity security
1,451

 

 

 
1,451

Long-term investments:
 
 
 
 
 
 
 
Auction rate security

 

 
6,070

 
6,070

Marketable equity security
7,410

 

 

 
7,410

Total
$
183,581

 
$
590,912

 
$
6,070

 
$
780,563

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Contingent consideration arrangements
$

 
$

 
$
(30,140
)
 
$
(30,140
)
Schedule of Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis
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, 2015
 
December 31, 2014
 
Auction Rate
Security
 
Contingent
Consideration
Arrangements
 
Auction Rate
Security
 
Contingent
Consideration
Arrangements
 
(In thousands)
Balance at January 1
$
6,070

 
$
(30,140
)
 
$
8,920

 
$
(45,828
)
Total net gains (losses):
 
 
 
 
 
 
 
Included in earnings:
 
 
 
 
 
 
 
Fair value adjustments

 
15,461

 

 
13,367

Foreign currency exchange gains

 
626

 

 

Included in other comprehensive (loss) income
(2,020
)
 
1,872

 
(2,850
)
 
3,025

Fair value at date of acquisition

 
(27,442
)
 

 
(8,813
)
Settlements

 
5,750

 

 
8,109

Balance at December 31
$
4,050

 
$
(33,873
)
 
$
6,070

 
$
(30,140
)
Carrying Value and Fair Value of Financial Instruments
The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:
 
December 31, 2015
 
December 31, 2014
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
 
(In thousands)
Current maturities of long-term debt
$
(40,000
)
 
$
(39,850
)
 
$

 
$

Long-term debt, net of current maturities
$
(1,748,213
)
 
$
(1,761,601
)
 
$
(1,080,000
)
 
$
(1,099,813
)