XML 59 R35.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Assets And Liabilities Measured At Fair Value On A Recurring Basis
As of December 31, 2019
Quoted
Prices In
Active Markets
for Identical
Assets (Level 1)
Significant
Other
Observable
Inputs (Level 2)
Significant
Unobservable
Inputs (Level 3)
 (in thousands)
Assets:
Cash and cash equivalents:
Cash$474,756  $474,756  $—  $—  
Money market funds42,019  42,019  —  —  
Agency securities19,993  —  19,993  —  
Corporate securities8,993  —  8,993  —  
Government securities—  —  —  
Available-for-sale securities:
Agency securities1,682  —  1,682  —  
Corporate securities48,884  —  47,884  1,000  
Municipal securities—  —  —  —  
Government securities9,129  —  9,129  —  
Prepaid expenses and other current assets:
Foreign currency derivatives1,889  —  1,889  —  
Total assets$607,345  $516,775  $89,570  $1,000  
Accrued expenses and other current liabilities:
Foreign currency derivatives1,390  —  1,390  —  
Total liabilities$1,390  $—  $1,390  $—  

As of December 31, 2018
Quoted
Prices In
Active Markets
for Identical
Assets (Level 1)
Significant
Other
Observable
Inputs (Level 2)
Significant
Unobservable
Inputs (Level 3)
 (in thousands)
Assets:
Cash and cash equivalents:
Cash$505,363  $505,363  $—  $—  
Money market funds88,126  88,126  —  —  
Agency securities3,296  —  $3,296  —  
Corporate securities9,371  —  9,371  —  
Government securities12,610  —  $12,610  
Available-for-sale securities:
Agency securities312,948  —  312,948  —  
Corporate securities608,658  —  607,945  713  
Municipal securities2,504  —  2,504  —  
Government securities233,824  —  233,824  —  
Prepaid expenses and other current assets:
Foreign currency derivatives764  —  764  —  
Total assets$1,777,464  $593,489  $1,183,262  $713  
Accrued expenses and other current liabilities:
Foreign currency derivatives2,543  —  2,543  —  
Total liabilities$2,543  $—  $2,543  $—  
Fair Value, by Balance Sheet Grouping
As of December 31, 2019, the fair value of the $750.0 million of unsecured senior notes due December 1, 2027 (the "2027 Notes"), which was determined based on inputs that are observable in the market (Level 2), based on the closing trading price per $100 as of the last day of trading for the year ended December 31, 2019, and carrying value of the 2027 Notes was as follows (in thousands):
 Fair ValueCarrying Value
2027 Notes$813,998  $742,926