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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Summary of the valuation of cash equivalents and marketable securities by pricing levels
The following table presents the financial instruments that are carried at fair value and summarizes the valuation of its cash equivalents and marketable securities by the above pricing levels as of March 31, 2013 and December 31, 2012:
 
As of March 31, 2013
 
Total
 
Quoted
 Market
 Prices in
 Active
 Markets
 (Level 1)
 
Significant
 Other
 Observable
 Inputs
 (Level 2)
 
Significant
 Unobservable
 Inputs
 (Level 3)
 
(In thousands)
Money market funds
$
139,768

 
$
139,768

 
$

 
$

Corporate notes, bonds and commercial paper
58,614

 

 
58,614

 

Total available-for-sale securities
$
198,382

 
$
139,768

 
$
58,614

 
$

 
As of December 31, 2012
 
Total
 
Quoted
 Market
 Prices in
 Active
 Markets
 (Level 1)
 
Significant
 Other
 Observable
 Inputs
 (Level 2)
 
Significant
 Unobservable
 Inputs
 (Level 3)
 
(In thousands)
Money market funds
$
126,570

 
$
126,570

 
$

 
$

Corporate notes, bonds and commercial paper
57,345

 

 
57,345

 

Total available-for-sale securities
$
183,915

 
$
126,570

 
$
57,345

 
$

Financial instruments that are measured and carried at cost on a nonrecurring basis
The following table presents the financial instruments that are measured and carried at cost on a nonrecurring basis as of March 31, 2013 and December 31, 2012:
 
 
As of March 31, 2013
(in thousands)
 
Carrying
 Value
 
Quoted
 market
 prices in
 active
 markets
 (Level 1)
 
Significant
 other
 observable
 inputs
 (Level 2)
 
Significant
 unobservable
 inputs
 (Level 3)
 
Impairment
charges for the
three months
ended March 31,
 2013
Investment in non-marketable securities
 
$
2,000

 
$

 
$

 
$
2,000

 
$

 
 
As of December 31, 2012
(in thousands)
 
Carrying
 Value
 
Quoted
 market
 prices in
 active
 markets
 (Level 1)
 
Significant
 other
 observable
 inputs
 (Level 2)
 
Significant
 unobservable
 inputs
 (Level 3)
 
Impairment
charges for the
year
 ended
December 31,
2012
Investment in non-marketable securities
 
$
2,000

 
$

 
$

 
$
2,000

 
$

Financial instruments not carried at fair value but requiring fair value disclosure
The following table presents the financial instruments that are not carried at fair value but require fair value disclosure as of March 31, 2013 and December 31, 2012:
 
 
As of March 31, 2013
 
As of December 31, 2012
(in thousands)
 
Face
 Value
 
Carrying
 Value
 
Fair Value
 
Face
 Value
 
Carrying
 Value
 
Fair Value
5% Convertible Senior Notes due 2014
 
$
172,500

 
$
151,487

 
$
175,519

 
$
172,500

 
$
147,556

 
$
172,716