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FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2014
Fair Value Disclosures [Abstract]  
Assets Measured at Fair Value on Recurring Basis

The Company’s assets which are measured at fair value on a recurring basis as of March 31, 2014 and December 31, 2013 were determined using the inputs described above (in millions):

 

           Fair Value Measurements Using  
     Carrying
Value		     Quoted Prices  in
Active
Markets for
Identical Assets
(Level 1)		     Significant  Other
Observable
Inputs
(Level 2)		     Significant
Unobservable
Inputs
(Level 3)		  

March 31, 2014:

         

Classified as current assets:

         

Cash and money market funds

    $ 101.6      $ 101.6      $ —       $ —    

Certificates of deposit

      9.8        9.8        —         —    

Commercial paper

      20.0        —         20.0        —    

Securities of government sponsored entities

      12.5        —         12.5        —    

Corporate debt securities

      76.0        —         76.0        —    
  

 

 

    

 

 

    

 

 

    

 

 

  

Subtotal

      219.9        111.4        108.5        —    

Classified as long-term assets:

         

Certificates of deposit

      5.9        5.9        —         —    

Corporate bonds

      49.9        —         49.9        —    
  

 

 

    

 

 

    

 

 

    

 

 

  

Total

      275.7        117.3        158.4        —    

Less cash, cash equivalents and restricted cash

      (110.0 )      (106.0 )      (4.0 )      —    
  

 

 

    

 

 

    

 

 

    

 

 

  

Total investments

    $ 165.7      $ 11.3      $ 154.4      $ —    
  

 

 

    

 

 

    

 

 

    

 

 

  

December 31, 2013:

         

Classified as current assets:

         

Cash and money market funds

    $ 34.9      $ 34.9      $ —       $ —    

Certificates of deposit

      11.0        11.0        —         —    

Commercial paper

      5.0        —         5.0        —    

Securities of government-sponsored entities

      7.5        —         7.5        —    

Corporate debt securities

      87.4        —         87.4        —    
  

 

 

    

 

 

    

 

 

    

 

 

  

Subtotal

      145.8        45.9        99.9        —    

Classified as long-term assets:

         

Certificates of deposit

      4.4        4.4        —         —    
  

 

 

    

 

 

    

 

 

    

 

 

  

Total

      150.2        50.3        99.9        —    

Less cash, cash equivalents and restricted cash

      (49.2 )      (39.3 )      (9.9 )      —    
  

 

 

    

 

 

    

 

 

    

 

 

  

Total investments

    $ 101.0      $ 11.0      $ 90.0      $ —