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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Summary of the valuation of cash equivalents and marketable securities by pricing levels
The following table presents the financial instruments that are carried at fair value and summarizes the valuation of its cash equivalents and marketable securities by the above pricing levels as of June 30, 2014 and December 31, 2013:
 
As of June 30, 2014
 
Total
 
Quoted
 Market
 Prices in
 Active
 Markets
 (Level 1)
 
Significant
 Other
 Observable
 Inputs
 (Level 2)
 
Significant
 Unobservable
 Inputs
 (Level 3)
 
(In thousands)
Money market funds
$
79,522

 
$
79,522

 
$

 
$

Corporate notes, bonds and commercial paper
146,859

 

 
146,859

 

Total available-for-sale securities
$
226,381

 
$
79,522

 
$
146,859

 
$

 
As of December 31, 2013
 
Total
 
Quoted
 Market
 Prices in
 Active
 Markets
 (Level 1)
 
Significant
 Other
 Observable
 Inputs
 (Level 2)
 
Significant
 Unobservable
 Inputs
 (Level 3)
 
(In thousands)
Money market funds
$
300,605

 
$
300,605

 
$

 
$

Corporate notes, bonds and commercial paper
58,492

 

 
58,492

 

Total available-for-sale securities
$
359,097

 
$
300,605

 
$
58,492

 
$

Financial instruments that are measured and carried at cost on a nonrecurring basis
The following table presents the financial instruments that are measured on a nonrecurring basis as of June 30, 2014:
 
As of June 30, 2014
 
 
(in thousands)
Carrying Value
 
Quoted market prices in active markets (Level 1)
 
Significant other observable inputs (Level 2)
 
Significant unobservable inputs (Level 3)
 
Impairment charges for the six months ended June 30, 2014
Investment in non-marketable security
$
600

 
$

 
$

 
$
600

 
$

 
 
 
 
 
 
 
 
 
 
Financial instruments not carried at fair value but requiring fair value disclosure
The following table presents the financial instruments that are not carried at fair value but require fair value disclosure as of June 30, 2014 and December 31, 2013:
 
 
As of June 30, 2014
 
As of December 31, 2013
(In thousands)
 
Face
 Value
 
Carrying
 Value
 
Fair Value
 
Face
 Value
 
Carrying
 Value
 
Fair Value
5% Convertible Senior Notes due 2014 (the "2014 Notes")
 
$

 
$

 
$

 
$
172,500

 
$
164,047

 
$
175,821

1.125% Convertible Senior Notes due 2018 (the "2018 Notes")
 
$
138,000

 
$
112,316

 
$
185,189

 
$
138,000

 
$
109,629

 
$
142,427