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Marketable Securities (Tables) | 12 Months Ended
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Dec. 31, 2018
Marketable Securities |
Summary of marketable securities portfolio | The following is a summary of our marketable security portfolio for the periods presented (in thousands):
|  |  |  |  | Net |  |  |  |
|  | Amortized |  | Unrealized |  | Estimated |
|  | Cost |  | Losses |  | Fair Value |
December 31, 2018 |  |  |  |  |  |  |  |  |  |
Debt securities (corporate and government) |  | $ | 275,405 |  | $ | (1,062) |  | $ | 274,343 |
December 31, 2017 |  |  |  |  |  |  |  |  |  |
Debt securities (corporate and government) |  | $ | 271,401 |  | $ | (1,265) |  | $ | 270,136 |
Schedule of fair value of assets measured on recurring basis | The following fair value hierarchy table presents information about each major category of our financial assets measured at fair value on a recurring basis (in thousands):
|  | Fair Value Measurement at Reporting Date Using: |  |  |  |
|  | Quoted Prices in |  | Significant Other |  | Significant |  |  |  |
|  | Active Markets for |  | Observable |  | Unobservable |  |  |  |
|  | Identical Assets |  | Inputs |  | Inputs |  | Balance as of |
|  | (Level 1) |  | (Level 2) |  | (Level 3) |  | December 31, 2018 |
Cash and cash equivalents |  | $ | 1,163,980 |  | $ | — |  | $ | — |  | $ | 1,163,980 |
Debt securities (corporate and government) |  |  | — |  |  | 274,343 |  |  | — |  |  | 274,343 |
Long term investments (Note 7) |  |  | 99,199 |  |  | — |  |  | — |  |  | 99,199 |
Total assets |  | $ | 1,263,179 |  | $ | 274,343 |  | $ | — |  | $ | 1,537,522 |
|  | Fair Value Measurement at Reporting Date Using: |  |  |  |
|  | Quoted Prices in |  | Significant Other |  | Significant |  |  |  |
|  | Active Markets for |  | Observable |  | Unobservable |  |  |  |
|  | Identical Assets |  | Inputs |  | Inputs |  | Balance as of |
|  | (Level 1) |  | (Level 2) |  | (Level 3) |  | December 31, 2017 |
Cash and cash equivalents |  | $ | 899,509 |  | $ | — |  | $ | — |  | $ | 899,509 |
Debt securities (corporate and government) |  |  | — |  |  | 270,136 |  |  | — |  |  | 270,136 |
Long term investment (Note 7) |  |  | 134,356 |  |  | — |  |  | — |  |  | 134,356 |
Total assets |  | $ | 1,033,865 |  | $ | 270,136 |  | $ | — |  | $ | 1,304,001 |
Schedule of fair value of liabilities measured on recurring basis | The following fair value hierarchy table presents information about each major category of our financial liabilities measured at fair value on a recurring basis (in thousands):
|  | Fair Value Measurement at Reporting Date Using: |  |  |
|  | Quoted Prices in |  | Significant Other |  | Significant |  |  |
|  | Active Markets for |  | Observable |  | Unobservable |  |  |
|  | Identical Assets |  | Inputs |  | Inputs |  | Balance as of
|  | (Level 1) |  | (Level 2) |  | (Level 3) |  | December 31, 2018
Acquisition-related contingent consideration |  | $ | — |  | $ | — |  | $ | 287,001 |  | $ | 287,001
Total liabilities |  | $ | — |  | $ | — |  | $ | 287,001 |  | $ | 287,001
|  | Fair Value Measurement at Reporting Date Using: |  |  |  |
|  | Quoted Prices in |  | Significant Other |  | Significant |  |  |  |
|  | Active Markets for |  | Observable |  | Unobservable |  |  |  |
|  | Identical Assets |  | Inputs |  | Inputs |  | Balance as of |
|  | (Level 1) |  | (Level 2) |  | (Level 3) |  | December 31, 2017 |
Acquisition-related contingent consideration |  | $ | — |  | $ | — |  | $ | 287,000 |  | $ | 287,000 |
Total liabilities |  | $ | — |  | $ | — |  | $ | 287,000 |  | $ | 287,000 |
Schedule of roll forward of Level 3 liabilities | The following is a roll forward of our Level 3 liabilities (in thousands):
|  | 2018 |  | 2017 |
Balance at January 1, |  | $ | 287,000 |  | $ | 301,000 |
Contingent consideration earned during the period but not yet paid |  |  | (13,184) |  |  | (6,618) |
Payments made during the period |  |  | (12,988) |  |  | (15,086) |
Change in fair value of contingent consideration |  |  | 26,173 |  |  | 7,704 |
Balance at December 31, |  | $ | 287,001 |  | $ | 287,000 |

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