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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
Financial assets and liabilities measured at fair value on a recurring basis at March 31, 2016, and December 31, 2015, consisted of the following:
(In thousands)
 
Fair Value Measurements
At March 31, 2016
 
Total
 
Level 1
 
Level 2
 
Level 3
Money market fund
 
$
91,721

 
$
91,721

 
$

 
$

Mutual funds
 
$
911

 
$
911

 
$

 
$

Investments
 
 
 
 
 
 
 
 
Federal agency notes
 
$
248,164

 
$

 
$
248,164

 
$

Commercial paper
 
$
32,494

 
$

 
$
32,494

 
$

 
(In thousands)
 
Fair Value Measurements
At December 31, 2015
 
Total
 
Level 1
 
Level 2
 
Level 3
Money market fund
 
$
54,761

 
$
54,761

 
$

 
$

Mutual funds
 
$
743

 
$
743

 
$

 
$

Investments
 
 
 
 
 
 
 
 
Federal agency notes
 
$
284,757

 
$

 
$
284,757

 
$

Commercial paper
 
$
31,672

 
$

 
$
31,672

 
$

Financial Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis
Assets and liabilities measured at fair value on a nonrecurring basis at March 31, 2016, and December 31, 2015, consisted of the following:
(In thousands)
 
Fair Value Measurements
At March 31, 2016
 
Total
 
Level 1
 
Level 2
 
Level 3
1.875% Convertible debentures
 
$
524

 
$

 
$
524

 
$

1.75% Convertible debentures
 
$
301,127

 
$

 
$
301,127

 
$

(In thousands)
 
Fair Value Measurements
At December 31, 2015
 
Total
 
Level 1
 
Level 2
 
Level 3
1.875% Convertible Debentures
 
$
524

 
$

 
$
524

 
$

1.75% Convertible Debentures
 
$
285,446

 
$

 
$
285,446

 
$

Long-term investments
 
$
524

 
$
524

 
$

 
$