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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2015
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Marketable Securities and Foreign Currency Contracts

The tables below set forth the Company’s recurring fair value measurements (in thousands):

 

 

 

 

 

 

 

Fair Value Measurements at

March  31, 2015 Using

 

Description

 

Total

 

 

Quoted Prices in Active

Markets for

Identical Assets

 

 

Significant Other

Observable Inputs

 

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Fixed income available-for-sale securities

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

4,451

 

 

$

4,451

 

 

$

 

Non U.S.  government securities

 

 

1,401

 

 

 

 

 

$

1,401

 

Commercial paper

 

 

8,379

 

 

 

 

 

 

8,379

 

Short-term investments

 

 

206,085

 

 

 

 

 

 

206,085

 

Long-term investments

 

 

41,158

 

 

 

 

 

 

41,158

 

Total fixed income available-for-sale

   securities

 

$

261,474

 

 

$

4,451

 

 

$

257,023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts (a)

 

$

22,808

 

 

$

 

 

$

22,808

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts (b)

 

$

12,651

 

 

$

 

 

$

12,651

 

 

 

 

 

 

 

 

Fair Value Measurements at

December 31, 2014 Using

 

Description

 

Total

 

 

Quoted Prices in Active

Markets for

Identical Assets

 

 

Significant Other

Observable Inputs

 

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Fixed income available-for-sale securities

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

1,395

 

 

$

1,395

 

 

$

 

Commercial paper

 

 

7,549

 

 

 

 

 

 

7,549

 

Short-term investments

 

 

185,783

 

 

 

 

 

 

185,783

 

Long-term investments

 

 

59,197

 

 

 

 

 

 

59,197

 

Total fixed income available-for-sale

   securities

 

$

253,924

 

 

$

1,395

 

 

$

252,529

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts (a)

 

$

14,342

 

 

$

 

 

$

14,342

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts (b)

 

$

8,175

 

 

$

 

 

$

8,175

 

 

(a)

Included in short-term derivative assets as “Prepaid expenses and other current assets” in the condensed consolidated balance sheets.

(b)

Included in short-term derivative liabilities as “Other accrued liabilities” in the condensed consolidated balance sheets.