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Cash and Investments in Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Cash and Investments in Marketable Securities, Including Cash Equivalents and Restricted Cash

Cash and investments in marketable securities, including cash equivalents and restricted cash, are as follows (in thousands):

 

     Estimated Fair Value at  
     December 31,
2013
     December 31,
2012
 

Cash and cash equivalents

   $ 39,067       $ 25,437   

Short-term investments

     197,959         251,757   

Restricted cash

     25,000         25,000   
  

 

 

    

 

 

 

Total cash and investments in marketable securities

   $ 262,026       $ 302,194   
  

 

 

    

 

 

 
Portfolio of Cash and Investments in Marketable Securities

Our portfolio of cash and investments in marketable securities includes (in thousands):

 

     Fair  Value
Hierarchy
Level
     Estimated Fair Value at  
        December 31,
2013
     December 31,
2012
 

Corporate notes and bonds

     2       $ 138,515       $ 241,158   

U.S. corporate commercial paper

     2         59,444         3,990   

Obligations of U.S. government agencies

     2         —          6,108   

Obligations of U.S. states and municipalities

     2         —          1,504   
     

 

 

    

 

 

 

Available-for-sale investments

        197,959         252,760   

Money market funds

     1         26,453         22,487   

Cash, including restricted cash

     N/A         37,614         26,947   
     

 

 

    

 

 

 

Total cash and investments in marketable securities

      $ 262,026       $ 302,194