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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2011
Fair Value Measurements [Abstract]  
Assets measured at fair value on a recurring basis

The Company’s assets measured at fair value on a recurring basis at December 31, 2011 were as follows:

 

                                                 
                      Fair Value Measurements at Reporting Date Using  
    Fair Value
of Cash
Equivalents
    Fair Value of
Available-for-

Sale Securities
    Total Fair
Value
    Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
    Significant Other
Observable Inputs
(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Auction rate securities

  $ —       $ 11,551     $ 11,551     $ —       $ —       $ 11,551  

Certificates of deposit

    105,017       118,094       223,111       —         223,111       —    

Commercial paper

    26,617       172,564       199,181       —         199,181       —    

Corporate bonds

    —         566,724       566,724       —         566,724       —    

Debt securities of government sponsored entities

    —         290,543       290,543       290,543       —         —    

Equity index funds

    —         40,843       40,843       40,843       —         —    

Money market funds

    404,757       15,067       419,824       419,824       —         —    

Municipal bonds

    3,121       399,026       402,147       —         402,147       —    

U.S. Treasury securities

    —         26,124       26,124       26,124       —         —    
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total assets measured at fair value

  $ 539,512     $ 1,640,536     $ 2,180,048     $ 777,334     $ 1,391,163     $ 11,551  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

The Company’s assets measured at fair value on a recurring basis at December 31, 2010 were as follows:

 

                                                 
                      Fair Value Measurements at Reporting Date Using  
    Fair Value
of Cash
Equivalents
    Fair Value of
Available-for-

Sale Securities
    Total Fair
Value
    Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
    Significant Other
Observable Inputs
(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Auction rate securities

  $ —       $ 21,293     $ 21,293     $ —       $ —       $ 21,293  

Certificates of deposit

    137,215       13,651       150,866       —         150,866       —    

Commercial paper

    34,742       14,793       49,535       —         49,535       —    

Corporate bonds

    1,002       237,916       238,918       —         238,918       —    

Debt securities of government sponsored entities

    —         332,051       332,051       332,051       —         —    

Federally insured corporate bonds

    —         21,454       21,454       21,454       —         —    

Money market funds

    564,112       20,315       584,427       584,427       —         —    

Municipal bonds

    3,764       300,817       304,581       —         304,581       —    

U.S. Treasury securities

    1,000       21,721       22,721       22,721       —         —    
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total assets measured at fair value

  $ 741,835     $ 984,011     $ 1,725,846     $ 960,653     $ 743,900     $ 21,293  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Changes in assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3)
                 
    2011     2010  

Balance at beginning of period

  $ 21,293     $ 58,003  

Total net realized loss included in investment income and other

    (162     (290

Total net unrealized gain included in other comprehensive income

    358       2,790  

Sales

    —         (12,000

Calls by issuers

    (9,938     (27,210
   

 

 

   

 

 

 

Balance at end of period

  $ 11,551     $ 21,293  
   

 

 

   

 

 

 
Components of the change in auction rate securities
                 
    December 31,  
    2011     2010  

Proceeds from sale or call of auction rate securities

  $ 9,938     $ 39,210  

Total net realized (loss) gain recorded in investment income and other

    (162     875  

Unrealized loss reclassified from accumulated other comprehensive income, included in net realized (loss) gain above

    (162     (290