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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2016
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, 2016 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

 

$

14,222

 

 

$

14,222

 

 

$

 

U.S. government securities

 

 

125

 

 

 

 

 

 

125

 

U.S. government agency securities

 

 

2,700

 

 

 

 

 

 

2,700

 

Corporate debt securities

 

 

33,117

 

 

 

 

 

 

33,117

 

Short-term investments

 

 

171,265

 

 

 

 

 

 

171,265

 

Long-term investments

 

 

41,168

 

 

 

 

 

 

41,168

 

Total fixed income available-for-sale securities

 

$

262,597

 

 

$

14,222

 

 

$

248,375

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts (a)

 

$

4,735

 

 

$

 

 

$

4,735

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts (b)

 

$

8,877

 

 

$

 

 

$

8,877

 

 

 

 

 

 

 

 

Fair Value Measurements at

December 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

 

$

10,313

 

 

$

10,313

 

 

$

 

Non-U.S. government securities

 

 

975

 

 

 

 

 

 

975

 

Corporate debt securities

 

 

19,799

 

 

 

 

 

 

19,799

 

Short-term investments

 

 

184,242

 

 

 

 

 

 

184,242

 

Long-term investments

 

 

46,484

 

 

 

 

 

 

46,484

 

Total fixed income available-for-sale securities

 

$

261,813

 

 

$

10,313

 

 

$

251,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts (a)

 

$

10,396

 

 

$

 

 

$

10,396

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts (b)

 

$

6,031

 

 

$

 

 

$

6,031

 

 

(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.