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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2012
FAIR VALUE MEASUREMENTS  
Schedule of assets and liabilities measured at fair value on a recurring basis

 

 

 
  June 30, 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:

                         

Treasury and government agency money market funds

  $ 304,695   $   $   $ 304,695  

Money market funds

    7,848             7,848  

Commercial paper

        291,427         291,427  

Time deposits

        4,550         4,550  

Marketable securities:

                         

Corporate debt securities

        26,476         26,476  

States of the U.S. and state political subdivisions

        112,121         112,121  

Long-term investments:

                         

Auction rate security

            6,730     6,730  

Marketable equity securities

    92,047             92,047  
                   

Total

  $ 404,590   $ 434,574   $ 6,730   $ 845,894  
                   


 

 
  December 31, 2011  
 
  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:

                         

Treasury and government agency money market funds

  $ 321,314   $   $   $ 321,314  

Commercial paper

        237,942         237,942  

Time deposits

        4,750         4,750  

Marketable securities:

                         

Corporate debt securities

        48,705         48,705  

States of the U.S. and state political subdivisions

        112,323         112,323  

Equity security

    4,667             4,667  

Long-term investments:

                         

Auction rate security

            5,870     5,870  

Marketable equity securities

    74,691             74,691  
                   

Total

  $ 400,672   $ 403,720   $ 5,870   $ 810,262  
                   

Liabilities:

                         

Contingent consideration arrangement

  $   $   $ (10,000 ) $ (10,000 )
                   
Schedule of changes in assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)

 

 

 
  Three Months Ended June 30,  
 
  2012   2011  
 
  Auction Rate
Security
  Auction Rate
Security
  Contingent
Consideration
Arrangement
 
 
  (In thousands)
 

Balance at April 1

  $ 7,720   $ 9,050   $ (40,000 )

Total net losses (realized and unrealized):

                   

Included in other comprehensive income

    (990 )   (370 )    

Settlements

            30,000  
               

Balance at June 30

  $ 6,730   $ 8,680   $ (10,000 )
               


 

 
  Six Months Ended June 30,  
 
  2012   2011  
 
  Auction Rate
Security
  Contingent
Consideration
Arrangement
  Auction Rate
Securities
  Contingent
Consideration
Arrangement
 
 
  (In thousands)
 

Balance at January 1

  $ 5,870   $ (10,000 ) $ 13,100   $  

Total net gains (realized and unrealized):

                         

Included in other comprehensive income

    860         580      

Fair value at date of acquisition

                (40,000 )

Settlements

        10,000     (5,000 )   30,000  
                   

Balance at June 30

  $ 6,730   $   $ 8,680   $ (10,000 )