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Marketable Securities (Tables)
6 Months Ended
Jun. 30, 2014
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 June 30, 2014
(In thousands)
 
Fair Value
 
Amortized
 Cost
 
Gross
 Unrealized
 Gains
 
Gross
 Unrealized
 Losses
 
Weighted
 Rate of
 Return
Money market funds
 
$
79,522

 
$
79,522

 
$

 
$

 
0.01
%
Corporate notes, bonds and commercial paper
 
146,859

 
146,927

 

 
(68
)
 
0.17
%
Total cash equivalents and marketable securities
 
226,381

 
226,449

 

 
(68
)
 
 

Cash
 
20,049

 
20,049

 

 

 
 

Total cash, cash equivalents and marketable securities
 
$
246,430

 
$
246,498

 
$

 
$
(68
)
 
 

 
 
As of December 31, 2013
(In thousands)
 
Fair Value
 
Amortized
 Cost
 
Gross
 Unrealized
 Gains
 
Gross
 Unrealized
 Losses
 
Weighted
 Rate of
 Return
Money market funds
 
$
300,605

 
$
300,605

 
$

 
$

 
0.01
%
Corporate notes, bonds and commercial paper
 
58,492

 
58,507

 

 
(15
)
 
0.15
%
Total cash equivalents and marketable securities
 
359,097

 
359,112

 

 
(15
)
 
 

Cash
 
28,565

 
28,565

 

 

 
 

Total cash, cash equivalents and marketable securities
 
$
387,662

 
$
387,677

 
$

 
$
(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
 
June 30,
2014
 
December 31,
2013
 
(In thousands)
Cash equivalents
$
79,522

 
$
310,131

Short term marketable securities
146,859

 
48,966

Total cash equivalents and marketable securities
226,381

 
359,097

Cash
20,049

 
28,565

Total cash, cash equivalents and marketable securities
$
246,430

 
$
387,662

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 June 30, 2014 and December 31, 2013 are as follows:
 
Fair Value
 
Gross Unrealized Loss
 
June 30,
2014
 
December 31,
2013
 
June 30,
2014
 
December 31,
2013
 
(In thousands)
Less than one year
 

 
 

 
 

 
 

Corporate notes, bonds and commercial paper
$
131,101

 
$
53,491

 
$
(68
)
 
$
(15
)