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Cash, Cash Equivalents, and Available-For-Sale Investments (Tables)
3 Months Ended
Mar. 31, 2012
Cash, Cash Equivalents, and Available-For-Sales Investments [Abstract]  
Cash, cash equivalents, and available-for-sale investments
     Estimated Fair Value at  
     March 31,
2012
     December 31,
2011
 

Cash and cash equivalents

   $ 148,485       $ 15,312   

Short-term investments

     233,624         225,856   

Long-term investments

     116,732         173,768   
  

 

 

    

 

 

 

Total cash, cash equivalents, and available-for-sale investments

   $ 498,841       $ 414,936   
  

 

 

    

 

 

 
Portfolio of cash, cash equivalents, and available-for-sale investments
     Estimated Fair Value at  
     March 31,
2012
     December 31,
2011
 

Corporate notes and bonds

   $ 310,389       $ 344,427   

U.S. corporate commercial paper

     24,456         9,464   

Obligations of U.S. government agencies

     14,003         44,230   

Obligations of U.S. states and municipalities

     1,508         1,503   

Cash and money market funds

     148,485         15,312   
  

 

 

    

 

 

 

Total cash, cash equivalents, and available-for-sale investments

   $ 498,841       $ 414,936   
  

 

 

    

 

 

 
Portfolio of available-for-sale investments by contractual maturity
     Estimated Fair Value at  
     March 31,
2012
     December 31,
2011
 

Less than one year

   $ 233,624       $ 213,386   

Greater than one year but less than two years

     116,732         186,238   
  

 

 

    

 

 

 

Total available-for-sale investments

   $ 350,356       $ 399,624   
  

 

 

    

 

 

 
Financial assets measured at fair value on a recurring basis

As of March 31, 2012:

   Level 1      Level 2      Level 3      Total  

Money market funds

   $ 147,515       $ —         $ —         $ 147,515   

U.S. corporate commercial paper

     —           24,456         —           24,456   

Corporate notes and bonds

     —           310,389         —           310,389   

Obligations of U.S. government agencies

     —           14,003         —           14,003   

Obligations of U.S. states and municipalities

     —           1,508         —           1,508   
  

 

 

    

 

 

    

 

 

    

 

 

 

Cash equivalents and available-for-sale investments

   $ 147,515       $ 350,356       $ —         $ 497,871   

Cash

              970   
           

 

 

 

Cash, cash equivalents, and available-for-sale investments

            $ 498,841   
           

 

 

 

 

As of December 31, 2011:

   Level 1      Level 2      Level 3      Total  

Money market funds

   $ 13,950       $ —         $ —         $ 13,950   

U.S. corporate commercial paper

     —           9,464         —           9,464   

Corporate notes and bonds

     —           344,427         —           344,427   

Obligations of U.S. government agencies

     —           44,230         —           44,230   

Obligations of U.S. states and municipalities

     —           1,503         —           1,503   
  

 

 

    

 

 

    

 

 

    

 

 

 

Cash equivalents and available-for-sale investments

   $ 13,950       $ 399,624       $ —         $ 413,574   

Cash

              1,362   
           

 

 

 

Cash, cash equivalents, and available-for-sale investments

            $ 414,936   
           

 

 

 

Level 1 —   Quoted prices in active markets for identical assets or liabilities.
Level 2 —   Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
Level 3 —   Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.