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Marketable Securities (Tables)
3 Months Ended
Mar. 31, 2013
Available-for-sale Securities [Abstract]  
Cash equivalents and marketable securities classified as available-for-sale
All cash equivalents and marketable securities are classified as available-for-sale. Total cash, cash equivalents and marketable securities are summarized as follows:
 
 
As of March 31, 2013
(Dollars in thousands)
 
Fair Value
 
Amortized
 Cost
 
Gross
 Unrealized
 Gains
 
Gross
 Unrealized
 Losses
 
Weighted
 Rate of
 Return
Money market funds
 
$
139,768

 
$
139,768

 
$

 
$

 
0.01
%
Corporate notes, bonds and commercial paper
 
58,614

 
58,638

 

 
(24
)
 
0.15
%
Total cash equivalents and marketable securities
 
198,382

 
198,406

 

 
(24
)
 
 

Cash
 
16,446

 
16,446

 

 

 
 

Total cash, cash equivalents and marketable securities
 
$
214,828

 
$
214,852

 
$

 
$
(24
)
 
 

 
 
As of December 31, 2012
(Dollars in thousands)
 
Fair Value
 
Amortized
 Cost
 
Gross
 Unrealized
 Gains
 
Gross
 Unrealized
 Losses
 
Weighted
 Rate of
 Return
Money market funds
 
$
126,570

 
$
126,570

 
$

 
$

 
0.01
%
Corporate notes, bonds and commercial paper
 
57,345

 
57,356

 
4

 
(15
)
 
0.17
%
Total cash equivalents and marketable securities
 
183,915

 
183,926

 
4

 
(15
)
 
 

Cash
 
19,415

 
19,415

 

 

 
 

Total cash, cash equivalents and marketable securities
 
$
203,330

 
$
203,341

 
$
4

 
$
(15
)
 
 

Available-for-sale securities reported at fair value
Available-for-sale securities are reported at fair value on the balance sheets and classified as follows:
 
As of
 
March 31,
2013
 
December 31,
2012
 
(Dollars in thousands)
Cash equivalents
$
140,769

 
$
129,569

Short term marketable securities
57,613

 
54,346

Total cash equivalents and marketable securities
198,382

 
183,915

Cash
16,446

 
19,415

Total cash, cash equivalents and marketable securities
$
214,828

 
$
203,330

Estimated fair value of cash equivalents and marketable securities classified by the length of time that the securities have been in a continuous unrealized loss position
The estimated fair value of cash equivalents and marketable securities classified by the length of time that the securities have been in a continuous unrealized loss position at March 31, 2013 and December 31, 2012 are as follows:
 
Fair Value
 
Gross Unrealized Loss
 
March 31,
2013
 
December 31,
2012
 
March 31,
2013
 
December 31,
2012
 
(In thousands)
Less than one year
 

 
 

 
 

 
 

Corporate notes, bonds and commercial paper
$
58,590

 
$
51,819

 
$
(24
)
 
$
(15
)