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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
Financial assets measured at fair value on a recurring basis as of December 31, 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
$
113,955

 
$
113,955

 
$

Time deposits
299,585

 

 
299,585

Investments:
 
 
 
 
 
Time deposits
24,576

 

 
24,576

Corporate debt securities
64,227

 

 
64,227

Total assets
$
502,343

 
$
113,955

 
$
388,388

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Derivatives:
 
 
 
 
 
Foreign currency forward contracts
$
4,402

 
$

 
$
4,402


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