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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2015
Fair Value Measurements [Abstract]  
Schedule Of Fair Value Of Assets And Liabilities Measured On Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices

 

Significant

 

 

 

 

 

 

 

in Active

 

Other

 

Significant

 

 

 

 

 

Markets for

 

Observable

 

Unobservable

 

 

 

 

Identical Assets

 

Inputs

 

Inputs

 

Balance at

As of March 31, 2015

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

March 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds(1)

 

$

51,469 

 

$

-

 

$

-

 

$

51,469 

Commercial paper(1)

 

 

-

 

 

12,770 

 

 

-

 

 

12,770 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketable Securities

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

 

-

 

 

110,715 

 

 

-

 

 

110,715 

Agency bonds

 

 

-

 

 

16,100 

 

 

-

 

 

16,100 

U.S. government bonds

 

 

-

 

 

5,091 

 

 

-

 

 

5,091 

Certificate of deposit

 

 

-

 

 

3,000 

 

 

-

 

 

3,000 

Commercial paper (1)

 

 

-

 

 

1,496 

 

 

-

 

 

1,496 

International government bond

 

 

-

 

 

1,409 

 

 

-

 

 

1,409 

Municipal bond

 

 

-

 

 

1,404 

 

 

-

 

 

1,404 

Total marketable securities

 

 

-

 

 

139,215 

 

 

-

 

 

139,215 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity mutual funds(2)

 

 

2,653 

 

 

-

 

 

-

 

 

2,653 

Foreign currency exchange contracts(3)

 

 

-

 

 

18,250 

 

 

-

 

 

18,250 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency exchange contracts(3)

 

 

-

 

 

1,139 

 

 

-

 

 

1,139 

Deferred compensation(4)

 

 

2,653 

 

 

-

 

 

-

 

 

2,653 

Interest rate swaps(5)

 

 

-

 

 

1,051 

 

 

-

 

 

1,051 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices

 

Significant

 

 

 

 

 

 

in Active

 

Other

 

Significant

 

 

 

 

Markets for

 

Observable

 

Unobservable

 

 

 

 

Identical Assets

 

Inputs

 

Inputs

 

Balance at

As of December 31, 2014

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds(1)

 

$

204,743 

 

$

-

 

$

-

 

$

204,743 

Equity mutual funds(2)

 

 

2,654 

 

 

-

 

 

-

 

 

2,654 

Foreign currency exchange contracts(3)

 

 

-

 

 

12,226 

 

 

-

 

 

12,226 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency exchange contracts(3)

 

 

-

 

 

1,323 

 

 

-

 

 

1,323 

Deferred compensation(4)

 

 

2,654 

 

 

-

 

 

-

 

 

2,654 

Interest rate swaps(5)

 

 

-

 

 

1,117 

 

 

-

 

 

1,117 

_____________

(1)

Money market funds and commercial paper with an original maturity of less than ninety days are included within cash and cash equivalents. The remaining balance of cash and cash equivalents as of March 31, 2015 and December 31, 2014 consisted of demand deposits.  Commercial paper with an original maturity of over ninety days is included within marketable securities.

(2)

Equity mutual funds relate to a deferred compensation plan that was assumed as part of a previous business combination. This amount is included within other long-term assets, net. See number (4) below for a discussion of the related deferred compensation liability. 

(3)

Foreign currency exchange contracts are included within other current assets, net; other long-term assets, net; accrued liabilities; or other long-term liabilities depending on the gain (loss) position and anticipated settlement date.  

(4)

A deferred compensation plan assumed as part of a previous business combination is included within accrued liabilities and other long-term liabilities. The fair value of our deferred compensation plan is indexed to the performance of the underlying equity mutual funds discussed in number (2) above. 

(5)

Interest rate swaps are included within accrued liabilities.