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Marketable Securities (Tables)
9 Months Ended
Sep. 30, 2015
Available-for-sale Securities [Abstract]  
Cash equivalents and marketable securities classified as available-for-sale
All cash equivalents and marketable securities are classified as available-for-sale. Total cash, cash equivalents and marketable securities are summarized as follows:
 
 
As of September 30, 2015
(In thousands)
 
Fair Value
 
Amortized
 Cost
 
Gross
 Unrealized
 Gains
 
Gross
 Unrealized
 Losses
 
Weighted
 Rate of
 Return
Money market funds
 
$
186,481

 
$
186,481

 
$

 
$

 
0.01
%
Corporate notes, bonds and commercial paper
 
146,325

 
146,398

 
6

 
(79
)
 
0.44
%
Total cash equivalents and marketable securities
 
332,806

 
332,879

 
6

 
(79
)
 
 

Cash
 
30,072

 
30,072

 

 

 
 

Total cash, cash equivalents and marketable securities
 
$
362,878

 
$
362,951

 
$
6

 
$
(79
)
 
 

 
 
As of December 31, 2014
(In thousands)
 
Fair Value
 
Amortized
 Cost
 
Gross
 Unrealized
 Gains
 
Gross
 Unrealized
 Losses
 
Weighted
 Rate of
 Return
Money market funds
 
$
124,938

 
$
124,938

 
$

 
$

 
0.01
%
Corporate notes, bonds and commercial paper
 
145,983

 
146,096

 
1

 
(114
)
 
0.25
%
Total cash equivalents and marketable securities
 
270,921

 
271,034

 
1

 
(114
)
 
 

Cash
 
29,188

 
29,188

 

 

 
 

Total cash, cash equivalents and marketable securities
 
$
300,109

 
$
300,222

 
$
1

 
$
(114
)
 
 

Available-for-sale securities reported at fair value
Available-for-sale securities are reported at fair value on the balance sheets and classified as follows:
 
As of
 
September 30,
2015
 
December 31,
2014
 
(In thousands)
Cash equivalents
$
186,481

 
$
124,938

Short term marketable securities
146,325

 
145,983

Total cash equivalents and marketable securities
332,806

 
270,921

Cash
30,072

 
29,188

Total cash, cash equivalents and marketable securities
$
362,878

 
$
300,109

Estimated fair value of cash equivalents and marketable securities classified by the length of time that the securities have been in a continuous unrealized loss position
The estimated fair value of cash equivalents and marketable securities classified by the length of time that the securities have been in a continuous unrealized loss position at September 30, 2015 and December 31, 2014 are as follows:
 
Fair Value
 
Gross Unrealized Loss
 
September 30,
2015
 
December 31,
2014
 
September 30,
2015
 
December 31,
2014
 
(In thousands)
Less than one year
 

 
 

 
 

 
 

Corporate notes, bonds and commercial paper
$
110,870

 
$
139,989

 
$
(79
)
 
$
(114
)