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FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2014 and December 31, 2013 were determined using the inputs described above and are as follows (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)		  

June 30, 2014:

         

Classified as current assets:

         

Cash and money market funds

    $ 30.6      $ 30.6      $ —       $ —    

Certificates of deposit

      11.5        11.5        —         —    

Commercial paper

      15.5        —         15.5        —    

Securities of government sponsored entities

      5.0        —         5.0        —    

Corporate debt securities

      132.1        —         132.1        —    
  

 

 

    

 

 

    

 

 

    

 

 

  

Subtotal

      194.7        42.1        152.6        —    

Classified as long-term assets:

         

Certificates of deposit

      9.2        9.2        —         —    

Corporate debt securities

      60.5        —         60.5        —    
  

 

 

    

 

 

    

 

 

    

 

 

  

Total

      264.4        51.3        213.1        —    

Less cash, cash equivalents and restricted cash

      (41.9 )      (35.1 )      (6.8 )      —    
  

 

 

    

 

 

    

 

 

    

 

 

  

Total investments

    $ 222.5      $ 16.2      $ 206.3      $ —    
  

 

 

    

 

 

    

 

 

    

 

 

  

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      $ —