Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Abstract]

Financial assets and liabilities measured at fair value on recurring basis

The Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 were as follows (in thousands):

	Fair Value at December 31,		Fair Value Measurement Using
	2017		Level 1		Level 2
Assets:
Cash	$	985,382	$	985,382	$	—
Money market and deposit accounts	427,135		427,135		—
Publicly traded equity securities	6,163		6,163		—
Certificates of deposit	31,351		—		31,351
Derivative instruments (1)	8,285		—		8,285
	$	1,458,316	$	1,418,680	$	39,636
Liabilities:
Derivative instruments (1)	$	40,847	$	—	$	40,847

_________________________

(1) Includes both foreign currency embedded derivatives and foreign currency forward and option contracts. Amounts are included within other current assets, other assets, other current liabilities and other liabilities in the Company’s consolidated balance sheet.

The Company’s financial assets and liabilities measured at fair value on a recurring basis at December 31, 2016 were as follows (in thousands):

	Fair Value at December 31,		Fair Value Measurement Using
	2016		Level 1		Level 2
Assets:
Cash	$	345,119	$	345,119	$	—
Money market and deposit accounts	400,388		400,388		—
Publicly traded equity securities	6,463		6,463		—
Certificates of deposit	9,957		—		9,957
Derivative instruments (1)	69,979		—		69,979
	$	831,906	$	751,970	$	79,936
Liabilities:
Derivative instruments (1)	$	10,959	$	—	$	10,959

_________________________

(1) Includes embedded derivatives, foreign currency embedded derivatives and foreign currency forward contracts. Amounts are included within other current assets, other assets, other current liabilities and other liabilities in the Company’s consolidated balance sheet.