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Fair Value Of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value, Assets And Liabilities Measured On Recurring Basis

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015:

					Fair Value Measurement Using
	Total Fair Value				(Level 1)				(Level 2)				(Level 3)
	(In thousands)
As of September 30, 2016:
Assets:
Investments in money market funds	$	155,055			$	155,055			$	—			$	—
Debt securities issued by the U.S. Treasury	1,577,537				1,577,537				—				—
Equity securities of public companies	$	2,389			$	2,389			$	—			$	—
Foreign currency forward contracts (1)	124				—				124				—
Total	$	1,735,105			$	1,734,981			$	124			$	—
Liabilities:
Contingent interest derivative on the Subordinated Convertible Debentures	$	14,330			$	—			$	—			$	14,330
Foreign currency forward contracts (2)	84				—				84				—
Total	$	14,414			$	—			$	84			$	14,330
As of December 31, 2015:
Assets:
Investments in money market funds	$	137,593			$	137,593			$	—			$	—
Debt securities issued by the U.S. Treasury	1,685,882				1,685,882				—				—
Equity securities of public companies	890				890				—				—
Foreign currency forward contracts (1)	230				—				230				—
Total	$	1,824,595			$	1,824,365			$	230			$	—
Liabilities:
Contingent interest derivative on the Subordinated Convertible Debentures	$	30,126			$	—			$	—			$	30,126
Foreign currency forward contracts (2)	164				—				164				—
Total	$	30,290			$	—			$	164			$	30,126

(1) Included in Other current assets

(2) Included in Accounts payable and accrued liabilities

Changes In Fair Value Measurement Of Level 3 Items

The following table summarizes the change in the fair value of the Company’s contingent interest derivative on the Subordinated Convertible Debentures during the three and nine months ended September 30, 2016 and 2015:

	Three Months Ended September 30,								Nine Months Ended September 30,
	2016				2015				2016				2015
	(In thousands)
Beginning balance	$	22,611			$	25,841			$	30,126			$	26,755
Payment of contingent interest	(6,841		)		(5,534		)		(13,385		)		(10,759		)
Unrealized (gain) loss	(1,440		)		4,747				(2,411		)		9,058
Ending balance	$	14,330			$	25,054			$	14,330			$	25,054

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- References

No definition available.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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