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INVESTMENTS (Tables)
6 Months Ended
Jun. 30, 2013
INVESTMENTS  
Amortized cost and estimated fair value of marketable securities, which are considered to be available-for-sale investments

 

 

 

 

 

 

Amortized
Cost

 

Unrealized
Gains

 

Unrealized
Losses

 

Fair
Value

 

 

 

(in thousands)

 

Balance as of June 30, 2013

 

 

 

 

 

 

 

 

 

Bank deposits

 

$

116,902

 

$

 

$

 

$

116,902

 

U.S. Treasury securities

 

93,034

 

6

 

(2

)

93,038

 

Corporate and municipal notes

 

573,730

 

32

 

(539

)

573,223

 

Total

 

$

783,666

 

$

38

 

$

(541

)

$

783,163

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2012

 

 

 

 

 

 

 

 

 

Bank deposits

 

$

61,000

 

$

 

$

 

$

61,000

 

U.S. Treasury securities

 

114,041

 

4

 

(3

)

114,042

 

Corporate and municipal notes

 

640,234

 

158

 

(215

)

640,177

 

Total

 

$

815,275

 

$

162

 

$

(218

)

$

815,219

 

Contractual maturities of marketable securities

 

 

 

 

 

 

June 30, 2013

 

December 31, 2012

 

 

 

Amortized
Cost

 

Fair
Value

 

Amortized
Cost

 

Fair
Value

 

 

 

(in thousands)

 

Within 1 year

 

$

673,224

 

$

673,080

 

$

812,104

 

$

812,052

 

1-2 years

 

110,442

 

110,083

 

3,171

 

3,167

 

Total

 

$

783,666

 

$

783,163

 

$

815,275

 

$

815,219