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Cash and Investments in Marketable Securities (Tables)
9 Months Ended
Sep. 30, 2014
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  
     September 30,
2014
     December 31,
2013
 

Cash and cash equivalents

   $ 32,008       $ 39,067   

Short-term investments

     204,635         197,959   

Restricted cash

     25,000         25,000   
  

 

 

    

 

 

 

Total cash and investments in marketable securities

   $ 261,643       $ 262,026   
  

 

 

    

 

 

 
Portfolio of Cash and Investments in Marketable Securities

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

 

          Estimated Fair Value at  
     Fair Value
Hierarchy
Level
   September 30,
2014
     December 31,
2013
 

Corporate notes and bonds

   2    $ 177,168       $ 138,515   

Corporate commercial paper

   2      27,467         59,444   
     

 

 

    

 

 

 

Available-for-sale investments

        204,635         197,959   

Money market funds

   1      28,216         26,453   

Cash, including restricted cash

   N/A      28,792         37,614   
     

 

 

    

 

 

 

Total cash and investments in marketable securities

      $ 261,643       $ 262,026