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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2011
Fair Value Disclosures [Abstract]  
Schedule of Fair Value - Assets Measured on Recurring Basis
The following tables set forth by level within the fair value hierarchy the Company's assets and liabilities that were recorded at fair value as of June 30, 2011 and December 31, 2010 (in thousands).


 
At Fair Value as of June 30, 2011
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Money market funds
$


 
$
231,417


 
$


 
$
231,417


Commercial paper


 
181,886


 


 
181,886


U.S. government or government agency securities


 
265,261


 


 
265,261


Total
$


 
$
678,564


 
$


 
$
678,564




 
At Fair Value as of December 31, 2010
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Money market funds
$


 
$
168,831


 
$


 
$
168,831


Commercial paper


 
17,494


 


 
17,494


U.S. government or government agency securities


 
108,364


 


 
108,364


Total
$


 
$
294,689


 
$


 
$
294,689


Available-for-sale Securities
Available-for-sale securities were comprised as follows as of June 30, 2011 and December 31, 2010 (in thousands):


 
As of June 30, 2011
 
Cost
 
Fair Value
 
 
 
 
Money market funds
$
231,417


 
$
231,417


Commercial paper
181,884


 
181,886


U.S. government or government agency securities
265,251


 
265,261


 
$
678,552


 
$
678,564




 
As of December 31, 2010
 
Cost
 
Fair Value
 
 
 
 
Money market funds
$
168,831


 
$
168,831


Commercial paper
17,494


 
17,494


U.S. government or government agency securities
108,364


 
108,364


 
$
294,689


 
$
294,689