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FAIR VALUE MEASUREMENTS: (Tables)
3 Months Ended
Mar. 31, 2015
FAIR VALUE MEASUREMENTS:  
Schedule of the fair value hierarchy of the Company's financial assets and liabilities measured at fair value

The following table represents the fair value hierarchy of the Company’s financial assets and liabilities measured at fair value as of March 31, 2015. 

 

 

 

Level 1

 

Level 2

 

Total

 

 

 

(in thousands)

 

Money market funds  

 

$

869 

 

$

 

$

869 

 

Certificates of deposit  

 

 

91,377 

 

91,377 

 

U.S. Government and agency securities  

 

 

102,531 

 

102,531 

 

Commercial paper  

 

 

17,965 

 

17,965 

 

Corporate bonds  

 

 

120,369 

 

120,369 

 

Municipal bonds  

 

 

25,161 

 

25,161 

 

Foreign government bonds  

 

 

12,065 

 

12,065 

 

Total financial assets  

 

$

869 

 

$

369,468 

 

$

370,337 

 

Derivative contracts  

 

 

3,272 

 

3,272 

 

Total financial liabilities  

 

$

 

$

3,272 

 

$

3,272 

 

 

The following table represents the fair value hierarchy of the Company’s financial assets and liabilities measured at fair value as of December 31, 2014. 

 

 

 

Level 1

 

Level 2

 

Total

 

 

 

(in thousands)

 

Money market funds  

 

$

4,426 

 

$

 

$

4,426 

 

Certificates of deposit  

 

 

80,275 

 

80,275 

 

U.S. Government and agency securities  

 

 

99,114 

 

99,114 

 

Commercial paper  

 

 

23,019 

 

23,019 

 

Corporate bonds  

 

 

111,736 

 

111,736 

 

Municipal bonds  

 

 

13,104 

 

13,104 

 

Foreign government bonds  

 

 

6,790 

 

6,790 

 

Total financial assets  

 

$

4,426 

 

$

334,038 

 

$

338,464 

 

Derivative contracts  

 

 

3,562 

 

3,562 

 

Total financial liabilities  

 

$

 

$

3,562 

 

$

3,562