v2.4.0.8
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2014
Fair Value Disclosures [Abstract]  
Fair Value Measurements By Level For Assets And Liabilities Measured At Fair Value On A Recurring Basis
The following table summarizes fair value measurements by level at September 30, 2014, for assets and liabilities measured at fair value on a recurring basis:  
 
Level I
 
Level II
 
Level III
 
Total
Assets
 
 
 
 
 
 
 
Cash and cash equivalents
$
1,523,596

 
$

 
$

 
$
1,523,596

Investments available for sale:
 

 
 

 
 

 
 

U.S. Treasury securities and obligations of U.S. government corporations and agencies
$
270,857

 
$
39,715

 
$

 
$
310,572

Corporate securities

 
491,129

 

 
491,129

Municipal securities:
 

 
 

 
 

 
 
General obligation

 
49,875

 

 
49,875

Pre-refunded

 
4,985

 

 
4,985

Revenue

 
101,022

 

 
101,022

Variable rate demand notes

 
11,700

 

 
11,700

Asset backed securities

 
185,516

 

 
185,516

Mortgage backed securities

 
46,776

 

 
46,776

Total investments
$
270,857

 
$
930,718

 
$

 
$
1,201,575

Restricted deposits available for sale:
 

 
 

 
 

 
 

Cash and cash equivalents
$
78,995

 
$

 
$

 
$
78,995

Certificates of deposit
5,892

 

 

 
5,892

U.S. Treasury securities and obligations of U.S. government corporations and agencies
14,840

 

 

 
14,840

Total restricted deposits
$
99,727

 
$

 
$

 
$
99,727

Other long-term assets: Interest rate swap agreements
$

 
$
6,796

 
$

 
$
6,796

Total assets at fair value
$
1,894,180

 
$
937,514

 
$

 
$
2,831,694

Liabilities
 
 
 
 
 
 
 
Other long-term liabilities:
      Interest rate swap agreements
$

 
$
1,250

 
$

 
$
1,250

Total liabilities at fair value
$

 
$
1,250

 
$

 
$
1,250


The following table summarizes fair value measurements by level at December 31, 2013, for assets and liabilities measured at fair value on a recurring basis: 
 
Level I
 
Level II
 
Level III
 
Total
Assets
 
 
 
 
 
 
 
Cash and cash equivalents
$
974,304

 
$

 
$

 
$
974,304

Investments available for sale:
 

 
 

 
 

 
 

U.S. Treasury securities and obligations of U.S. government corporations and agencies
$
212,185

 
$
12,238

 
$

 
$
224,423

Corporate securities

 
296,086

 

 
296,086

Municipal securities:
 

 
 

 
 

 
 
General obligation

 
54,422

 

 
54,422

Pre-refunded

 
10,917

 

 
10,917

Revenue

 
69,054

 

 
69,054

Variable rate demand notes

 
28,575

 

 
28,575

Asset backed securities

 
139,050

 

 
139,050

Mortgage backed securities

 
33,891

 

 
33,891

Total investments
$
212,185

 
$
644,233

 
$

 
$
856,418

Restricted deposits available for sale:
 

 
 

 
 

 
 

Cash and cash equivalents
$
26,642

 
$

 
$

 
$
26,642

Certificates of deposit
5,891

 

 

 
5,891

U.S. Treasury securities and obligations of U.S. government corporations and agencies
14,413

 

 

 
14,413

Total restricted deposits
$
46,946

 
$

 
$

 
$
46,946

Other long-term assets: Interest rate swap agreements
$

 
$
9,576

 
$

 
$
9,576

Total assets at fair value
$
1,233,435

 
$
653,809

 
$

 
$
1,887,244