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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
The following tables present the Company's financial instruments that are measured at fair value on a recurring basis:
 
June 30, 2014
 
Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Fair Value
Measurements
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
350,637

 
$

 
$

 
$
350,637

Commercial paper

 
246,620

 

 
246,620

Time deposits

 
59,006

 

 
59,006

Marketable securities:
 
 
 
 
 
 
 
Corporate debt securities

 
78,581

 

 
78,581

   Equity security
3,030

 

 

 
3,030

Long-term investments:
 
 
 
 
 
 
 
Auction rate security

 

 
9,250

 
9,250

Marketable equity security
9,516

 

 

 
9,516

Total
$
363,183

 
$
384,207

 
$
9,250

 
$
756,640

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Contingent consideration arrangements
$

 
$

 
$
(41,397
)
 
$
(41,397
)

 
December 31, 2013
 
Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Fair Value
Measurements
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
698,307

 
$

 
$

 
$
698,307

Commercial paper

 
12,000

 

 
12,000

Time deposits

 
32,325

 

 
32,325

Marketable securities:
 
 
 
 
 
 
 
Corporate debt security

 
1,008

 

 
1,008

Equity securities
4,996

 

 

 
4,996

Long-term investments:
 
 
 
 
 
 
 
Auction rate security

 

 
8,920

 
8,920

Marketable equity securities
11,711

 

 

 
11,711

Total
$
715,014

 
$
45,333

 
$
8,920

 
$
769,267

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Contingent consideration arrangements
$

 
$

 
$
(45,828
)
 
$
(45,828
)
Schedule of changes in assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)
The following tables present the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
 
Three Months Ended June 30,
 
2014
 
2013
 
Auction Rate
Security
 
Contingent
Consideration
Arrangements
 
Auction Rate
Security
 
Contingent
Consideration
Arrangements
 
(In thousands)
Balance at April 1
$
9,150

 
$
(48,758
)
 
$
8,580

 
$
(44,577
)
Total net gains (losses):
 
 


 
 
 
 
Included in earnings (unrealized)

 
(527
)
 

 
(4,249
)
Included in other comprehensive income (loss)
100

 
499

 
180

 
(368
)
Settlements

 
7,389

 

 
12

Balance at June 30
$
9,250

 
$
(41,397
)
 
$
8,760

 
$
(49,182
)
 
Six Months Ended June 30,
 
2014
 
2013
 
Auction Rate
Security
 
Contingent
Consideration
Arrangements
 
Auction Rate
Security
 
Contingent
Consideration
Arrangements
 
(In thousands)
Balance at January 1
$
8,920

 
$
(45,828
)
 
$
8,100

 
$
(1,909
)
Total net gains (losses):
 
 
 
 
 
 
 
Included in earnings (unrealized)

 
(500
)
 

 
(5,707
)
Included in other comprehensive income (loss)
330

 
136

 
660

 
(368
)
Fair value at date of acquisition

 
(2,835
)
 

 
(41,387
)
Settlements

 
7,630

 

 
189

Balance at June 30
$
9,250

 
$
(41,397
)
 
$
8,760

 
$
(49,182
)
Fair Value, by Balance Sheet Grouping
The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:
 
June 30, 2014
 
December 31, 2013
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
 
(In thousands)
Liabilities:
 
 
 
 
 
 
 
Long-term debt
$
(1,080,000
)
 
$
(1,109,517
)
 
$
(1,080,000
)
 
$
(1,058,396
)