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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
Financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2016 are classified using the fair value hierarchy in the table below:
 
Total
 
Level 1
 
Level 2
 
(In thousands)
Assets
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
Money market funds
$
226,451

 
$
226,451

 
$

Time deposits
315,600

 

 
315,600

Derivatives:
 
 
 
 
 
Foreign currency forward contracts
558

 

 
558

Investments:
 
 
 
 
 
Time deposits
19,327

 

 
19,327

Corporate debt securities
69,936

 

 
69,936

Total assets
$
631,872

 
$
226,451

 
$
405,421

Financial assets measured at fair value on a recurring basis as of December 31, 2015 are classified using the fair value hierarchy in the table below:
 
Total
 
Level 1
 
Level 2
 
(In thousands)
Assets
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
Money market funds
$
218,340

 
$
218,340

 
$

Time deposits
29,126

 

 
29,126

Derivatives:
 
 
 
 
 
Foreign currency forward contracts
8,045

 

 
8,045

Investments:
 
 
 
 
 
Corporate debt securities
98,403

 

 
98,403

Total assets
$
353,914

 
$
218,340

 
$
135,574