XML 51 R22.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2011
Fair Value Measurements [Abstract]  
Fair value measurement of financial assets and liabilities on recurring basis
                                         
    As of June 30, 2011  
    (In thousands)  
    As reflected on                          
    the unaudited                          
    balance sheet     Level 1     Level 2     Level 3     Total  
Assets:
                                       
Money market funds
  $ 6,715     $ 6,715     $ —     $ —     $ 6,715  
Corporate and financial institutions debt
    205,589       —       205,589       —       205,589  
Auction rate securities
    28,053       —       —       28,053       28,053  
U.S. government agencies
    100,533       —       100,533       —       100,533  
U.S. treasury bills
    57,976       57,976       —       —       57,976  
Municipal bonds
    40,545       —       40,545       —       40,545  
Foreign currency option contracts designated as hedges
    2       —       2       —       2  
Foreign currency option contracts not designated as hedges
    110       —       110       —       110  
 
                             
Total
  $ 439,523     $ 64,691     $ 346,779     $ 28,053     $ 439,523  
 
                             
 
                                       
Liabilities:
                                       
Liability for contingent consideration
  $ 270,708     $ —     $ —     $ 270,708     $ 270,708  
Convertible senior notes due 2016 (face value $230,000)
    157,645       —       271,400       —       271,400  
 
                             
Total
  $ 428,353     $ —     $ 271,400     $ 270,708     $ 542,108  
 
                             
                                         
    As of December 31, 2010  
    (In thousands)  
    As reflected on                          
    the balance                          
    sheet     Level 1     Level 2     Level 3     Total  
Assets:
                                       
Money market funds
  $ 20,932     $ 20,932     $ —     $ —     $ 20,932  
Corporate and financial institutions debt
    197,813       —       197,813       —       197,813  
Auction rate securities
    31,280       —       2,725       28,555       31,280  
U.S. government agencies
    99,294       —       99,294       —       99,294  
U.S. treasury bills
    78,916       78,916       —       —       78,916  
Municipal bonds
    37,160       —       37,160       —       37,160  
Foreign currency option contracts designated as hedges
    89       —       89       —       89  
Foreign currency option contracts not designated as hedges
    188       —       188       —       188  
 
                             
Total
  $ 465,672     $ 99,848     $ 337,269     $ 28,555     $ 465,672  
 
                             
 
                                       
Liabilities:
                                       
Liability for contingent consideration
  $ 253,548     $ —     $ —     $ 253,548     $ 253,548  
Convertible senior notes due 2016 (face value $230,000)
    152,701       —       271,768       —     $ 271,768  
 
                             
Total
  $ 406,249     $ —     $ 271,768     $ 253,548     $ 525,316  
 
                             
Summary of changes in fair value of the auction rate securities
                 
    Auction Rate Securities  
    Six Months Ended June 30,  
    2011     2010  
    (In thousands)  
Fair value at beginning of period
  $ 28,555     $ 37,174  
Redemptions
    (700 )     (5,600 )
Transfer to Level 2
    —       —  
Change in valuation
    198       59  
 
           
Fair value at end of period
  $ 28,053     $ 31,633  
 
           
Summary of the changes in the fair value of the non-current liability for contingent consideration
                 
    Liability for Contingent Consideration  
    Six Months Ended June 30,  
    2011     2010  
    (In thousands)  
Fair value at beginning of period
  $ 253,458     $ 200,528  
Payments
    —       (40,000 )
Change in valuation
    17.250       95,485  
 
           
Fair value at end of period
  $ 270,708     $ 256,013