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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2013
FAIR VALUE MEASUREMENTS  
Schedule of financial assets and liabilities measured at fair value on a recurring basis

 

 

 

 

June 30, 2013

 

 

 

Fair Value

 

Level 1

 

Level 2

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

29,881

 

$

29,881

 

$

0

 

$

0

 

Short-term investments

 

44,697

 

12,034

 

32,663

 

0

 

Total financial assets

 

$

74,578

 

$

41,915

 

$

32,663

 

$

0

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

112,392

 

$

0

 

$

0

 

$

112,392

 

 

 

 

December 31, 2012

 

 

 

Fair Value

 

Level 1

 

Level 2

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

35,857

 

$

35,857

 

$

0

 

$

0

 

Short-term investments

 

121,573

 

31,459

 

90,114

 

0

 

Long-term investments:

 

 

 

 

 

 

 

 

 

Auction rate securities

 

1,442

 

0

 

0

 

1,442

 

Total financial assets

 

$

158,872

 

$

67,316

 

$

90,114

 

$

1,442

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

0

 

$

0

 

$

0

 

$

0

 

 

Summary of changes in the financial assets measured at fair value using Level 3 inputs

 

 

Long -term Investments

 

Six months
ended June 30,
2013

 

 

 

 

 

Beginning balance

 

$

1,442

 

Transfers into Level 3

 

0

 

Sales and redemptions of securities

 

(1,528

)

Unrealized gain- included in other comprehensive income

 

86

 

Ending balance

 

$

0

 

 

 

 

 

Total realized loss on sale of securities included in Investment income (loss), net for the period

 

$

(72

)

Schedule of rollforward of the fair value of contingent consideration since the Actient acquisition date

 

 

 

 

Contingent
consideration

 

 

 

 

 

Fair value at date of Actient acquisition, April 26, 2013

 

$

113,858

 

Change in contingent consideration charged to operations

 

2,258

 

Payments of contingent consideration

 

(3,724

)

Fair value at June 30, 2013

 

$

112,392