XML 39 R28.htm IDEA: XBRL DOCUMENT v3.4.0.3
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2016
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]  
Schedule Of Fair Values Of Financial Instruments Measured On Recurring Basis
The following tables present the fair values of the Company's financial assets or liabilities that are measured at fair value on a recurring basis (in thousands):
March 31, 2016
Level 1
 
Level 2
 
Level 3
 
Fair Value
Assets:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
   Money market and other funds
$
56,307

 
$

 
$

 
$
56,307

   Time deposits

 
2,448

 

 
2,448

   Corporate commercial papers

 
2,997

 

 
2,997

Certificates of deposit

 
64

 

 
64

Equity securities
17,970

 

 

 
17,970

Debt securities issued by the U.S. Treasury and other U.S. government corporations and agencies

 
48,625

 

 
48,625

Debt securities issued by states of the U.S. and political subdivisions of the states

 
7,354

 

 
7,354

Corporate debt securities

 
77,704

 

 
77,704

Total assets measured at fair value
$
74,277

 
$
139,192

 
$

 
$
213,469

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Contingent consideration
$

 
$

 
$
14,600

 
$
14,600

Contingent interest derivative

 
1,450

 

 
1,450

Total liabilities measured at fair value
$

 
$
1,450

 
$
14,600

 
$
16,050

 
 
 
 
 
 
 
 
December 31, 2015
Level 1
 
Level 2
 
Level 3
 
Fair Value
Assets:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
   Money market and other funds
$
46,867

 
$

 
$

 
$
46,867

   Time deposits

 
3,004

 

 
3,004

Certificates of deposit

 
60

 

 
60

Equity securities
22,654

 

 

 
22,654

Debt securities issued by the U.S. Treasury and other U.S. government corporations and agencies

 
40,652

 

 
40,652

Debt securities issued by states of the U.S. and political subdivisions of the states

 
6,103

 

 
6,103

Corporate debt securities

 
88,749

 

 
88,749

Total assets measured at fair value
$
69,521

 
$
138,568

 
$

 
$
208,089

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Contingent consideration
$

 
$

 
$
30,600

 
$
30,600

Contingent interest derivative

 
1,450

 

 
1,450

Total liabilities measured at fair value
$

 
$
1,450

 
$
30,600

 
$
32,050

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following tables presents a reconciliation of the Company's Level 3 financial assets or liabilities that are measured at fair value on a recurring basis (in thousands):
 
Level 3
 
Affected line item in the Statement of Income
Balance as of January 1, 2016
$
30,600

 
 
Total losses reported in earnings
1,000

 
General and administrative
Contingent consideration payments
(17,000
)
 
Not applicable
Balance as of March 31, 2016
$
14,600

 
 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following tables presents a reconciliation of the Company's derivative instruments (in thousands):
 
Amount
 
Affected line item in the Statement of Income
Derivative Liabilities:
 
 
 
Level 2:
 
 
 
Balance as of January 1, 2016
$
1,450

 
 
Total losses reported in earnings

 
 
Balance as of March 31, 2016
$
1,450