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MARKETABLE SECURITIES (Tables)
12 Months Ended
Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of the Fair Value to Amortized Cost Basis of Securities Held-to-Maturity
The amortized cost, gross unrealized gains and losses, and fair value of securities held-to-maturity as of December 31, 2018 and 2017 were as follows (in thousands):
 
 
 
As of December 31, 2018
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
Short-term marketable securities:

 
Commercial paper
 
$
175,070

 
$

 
$

 
$
175,070

 
Corporate bonds
 
131,626

 
8

 
(138
)
 
131,496

 
U.S. government bonds
 
65,513

 

 
(11
)
 
65,502

 
Agency bonds
 
50,887

 

 
(41
)
 
50,846

 
Total marketable securities
 
$
423,096

 
$
8

 
$
(190
)
 
$
422,914

 
 
 
 
 
As of December 31, 2017
 
Amortized Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
Short-term marketable securities:

 
Commercial paper
 
$
138,412

 
$
1

 
$
(1
)
 
$
138,412

 
Agency bonds
 
78,958

 

 
(45
)
 
78,913

 
Corporate bonds
 
45,006

 

 
(41
)
 
44,965

 
Agency discount bonds
 
10,990

 

 
(1
)
 
10,989

 
Total short-term marketable securities
 
$
273,366

 
$
1

 
$
(88
)
 
$
273,279

 
Long-term marketable securities:
 
 
 
 
 
 
 
 
 
Corporate bonds
 
$
25,032

 
$

 
$
(71
)
 
$
24,961

 
Total long-term marketable securities
 
$
25,032

 
$

 
$
(71
)
 
$
24,961

 
Total marketable securities
 
$
298,398

 
$
1

 
$
(159
)
 
$
298,240

Schedule of Unrealized Loss on Investments
The following tables present gross unrealized losses and fair values for those securities that were in an unrealized loss position as of December 31, 2018 and 2017, aggregated by investment category and the length of time that the individual securities have been in a continuous loss position (in thousands):
 
As of December 31, 2018
Less Than 12 Months
 
12 Months or Greater
 
Total
Fair Value
 
Unrealized Loss
Fair Value
 
Unrealized Loss
Fair Value
 
Unrealized Loss
Corporate bonds
$
121,566

 
$
(138
)
 
$

 
$

 
$
121,566

 
$
(138
)
U.S. government bonds
65,502

 
(11
)
 

 

 
65,502

 
(11
)
Agency bonds
50,846

 
(41
)
 

 

 
50,846

 
(41
)
Total
$
237,914

 
$
(190
)
 
$

 
$

 
$
237,914

 
$
(190
)
 
 
As of December 31, 2017
Less Than 12 Months
 
12 Months or Greater
 
Total
Fair Value
 
Unrealized Loss
Fair Value
 
Unrealized Loss
Fair Value
 
Unrealized Loss
Agency bonds
$
78,913

 
$
(45
)
 
$

 
$

 
$
78,913

 
$
(45
)
Corporate bonds
62,927

 
(112
)
 

 

 
62,927

 
(112
)
Agency discount notes
10,989

 
(1
)
 

 

 
10,989

 
(1
)
Commercial paper
3,975

 
(1
)
 

 

 
3,975

 
(1
)
Total
$
156,804

 
$
(159
)
 
$

 
$

 
$
156,804

 
$
(159
)