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Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Cash Cash Equivalents and Marketable Securities
Cash and cash equivalents consisted of the following (in thousands): 
 
March 31, 2013
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair Value
 
Cash and
Cash
Equivalents
 
Marketable
Securities
Cash
$
422,742

 
$

 
$

 
$
422,742

 
$
422,742

 
$

Money market funds
27,769

 

 

 
27,769

 
27,769

 

Totals
$
450,511

 
$

 
$

 
$
450,511

 
$
450,511

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair Value
 
Cash and
Cash
Equivalents
 
Marketable
Securities
Cash
$
343,548

 
$

 
$

 
$
343,548

 
$
343,548

 
$

Money market funds
43,648

 

 

 
43,648

 
43,648

 

Totals
$
387,196

 
$

 
$

 
$
387,196

 
$
387,196

 
$

Available-for-Sale Securities and Other Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table summarizes, by major security type, our available-for-sale securities and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in thousands): 
 
March 31, 2013
 
December 31, 2012
 
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Estimated
Fair Value    
 
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Estimated
Fair Value    
Assets:
 
 
 
 
 
 
 
 
 
 
 
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
Money market funds
$
27,769

 
$

 
$
27,769

 
$
43,648

 
$

 
$
43,648

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
Contingent consideration
$

 
$
39,300

 
$
39,300

 
$

 
$
34,800

 
$
34,800

 
 
 
 
 
 
 
 
 
 
 
 
Roll forward of contingent consideration
The change in fair value of the contingent consideration payable was estimated as follows (in thousands):
 
Level 3
Balance at December 31, 2012
$
34,800

Fair value adjustment recorded within selling, general and administrative expenses
4,500

Balance at March 31, 2013
$
39,300