XML 66 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables summarize the Company's assets and liabilities that are measured at fair value on a recurring basis (in thousands):
 
 
 
Fair Value Measurement at Reporting Date Using
Description
June 30, 2016
 
Quoted Prices in Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
236,913

 
$
236,913

 
$
—

 
$
—

Fair value option investments
125,018

 
—

 
—

 
125,018

Available-for-sale securities:
 
 
 
 
 
 
 
Convertible debt securities
10,573

 
—

 
—

 
10,573

Redeemable preferred shares
22,343

 
—

 
—

 
22,343

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 Contingent consideration
14,788

 
—

 
—

 
14,788

 
 
 
Fair Value Measurement at Reporting Date Using
Description
December 31, 2015
 
Quoted Prices in Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
305,179

 
$
305,179

 
$
—

 
$
—

Fair value option investments
130,725

 
—

 
—

 
130,725

Available-for-sale securities:
 
 
 
 
 
 
 
Convertible debt securities
10,116

 
—

 
—

 
10,116

Redeemable preferred shares
22,834

 
—

 
—

 
22,834

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 Contingent consideration
10,781

 
—

 
—

 
10,781
Fair Value, Assets and Liabilities, Reconciliation of Level 3 Inputs [Table Text Block]
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for the three and six months ended June 30, 2016 and 2015 (in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Assets
 
 
 
 
 
 
 
 
Fair value option investments:
 
 
 
 
 
 
 
 
Beginning Balance
 
$
129,625

 
$
—

 
$
130,725

 
$
—

Acquisition of investments in Monster LP
 
—

 
122,075

 
—

 
122,075

Total gains (losses) included in earnings
 
(4,607
)
 
450

 
(5,707
)
 
450

Ending Balance
 
$
125,018

 
$
122,525

 
$
125,018

 
$
122,525

Unrealized gains (losses) still held (1)
 
$
(4,607
)
 
$
450

 
$
(5,707
)
 
$
450

Available-for-sale securities
 
 
 
 
 
 
 
 
Convertible debt securities:
 
 
 
 
 
 
 
 
Beginning Balance
 
$
10,173

 
$
2,757

 
$
10,116

 
$
2,527

Purchase of convertible debt security
 
—

 
5,000

 
—

 
5,000

Total gains (losses) included in other comprehensive income
 
201

 
82

 
220

 
312

   Total gains (losses) included in other income (expense), net (2)
 
199

 
187

 
237

 
187

Ending Balance
 
$
10,573

 
$
8,026

 
$
10,573

 
$
8,026

Unrealized gains (losses) still held (1)
 
$
400

 
$
269

 
$
457

 
$
499

Redeemable preferred shares:
 
 
 
 
 
 
 
 
Beginning Balance
 
$
22,699

 
$
4,900

 
$
22,834

 
$
4,910

Total gains (losses) included in other comprehensive income (loss)
 
(356
)
 
(19
)
 
(491
)
 
(29
)
Ending Balance
 
$
22,343

 
$
4,881

 
$
22,343

 
$
4,881

Unrealized (losses) gains still held (1)
 
$
(356
)
 
$
(19
)
 
$
(491
)
 
$
(29
)
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
Contingent Consideration:
 
 
 
 
 
 
 
 
Beginning Balance
 
$
13,938

 
$
1,373

 
$
10,781

 
$
1,983

Settlements of contingent consideration liabilities
 
—

 
(716
)
 
—

 
(716
)
Reclass to non-fair value liabilities when no longer contingent
 
—

 
—

 
(285
)
 
(331
)
Total losses (gains) included in earnings (3)
 
850

 
(424
)
 
4,292

 
(703
)
Ending Balance
 
$
14,788

 
$
233

 
$
14,788

 
$
233

Unrealized losses (gains) still held (1)
 
$
850

 
$
(857
)
 
$
4,166

 
$
(1,091
)
(1)
Represents the unrealized losses or gains recorded in earnings and/or other comprehensive income (loss) during the period for assets and liabilities classified as Level 3 that are still held (or outstanding) at the end of the period.
(2)
Represents accretion of interest income and changes in the fair value of an embedded derivative.
(3)
Changes in the fair value of contingent consideration liabilities are classified within "Acquisition-related expense (benefit), net" on the condensed consolidated statements of operations.
Fair Value of Financial Assets and Liabilities not Measured at Fair Value
The following table presents the carrying amounts and fair values of financial instruments that are not carried at fair value in the consolidated financial statements (in thousands):
 
 
June 30, 2016
 
December 31, 2015
 
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
Cost method investments
 
$
23,117

 
$
24,910

 
$
14,561

 
$
15,922