v2.4.1.9
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Notes to Financial Statements [Abstract]    
Schedule of Cash and Cash Equivalents [Table Text Block]
Cash and cash equivalents at December 31, 2014 and 2013 consisted of the following (in thousands):
 
December 31,
 
2014
 
2013
Money market and demand accounts
$
307,995

 
$
465,722

Commercial paper
120,572

 
31,992

 
$
428,567

 
$
497,714

 
Realized Gain (Loss) on Investments [Table Text Block]  
lized gains and losses for 2014, 2013 and 2012 were as follows (in thousands):
Year
 
Gains
 
Losses
 
Net
2014
 
$
48

 
$
(681
)
 
$
(633
)
2013
 
$
166

 
$
(678
)
 
$
(512
)
2012
 
$
14

 
$
(249
)
 
$
(235
)
Short-te
Available-for-sale Securities [Table Text Block]  
Short-term investments as of December 31, 2014 and 2013 consisted of the following (in thousands):
 
December 31,
 
2014
 
2013
Commercial paper
$
86,877

 
$
160,486

U.S. government agency instruments
151,618

 
31,688

Corporate bonds and asset backed securities
36,866

 
8,563

 
$
275,361

 
$
200,737

Fair Value, Measurement Inputs, Disclosure [Table Text Block]  
Fair Value Measurements
We use various valuation techniques and assumptions when measuring fair value of our assets and liabilities. We utilize market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. This guidance established a hierarchy that prioritizes fair value measurements based on the types of input used for the various valuation techniques (market approach, income approach and cost approach). The levels of the hierarchy are described below:
Level 1 Inputs — Level 1 includes financial instruments for which quoted market prices for identical instruments are available in active markets.
Level 2 Inputs — Level 2 includes financial instruments for which there are inputs other than quoted prices included within Level 1 that are observable for the instrument such as quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets with insufficient volume or infrequent transactions (less active markets) or model-driven valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data, including market interest rate curves, referenced credit spreads and pre-payment rates.
Level 3 Inputs — Level 3 includes financial instruments for which fair value is derived from valuation techniques including pricing models and discounted cash flow models in which one or more significant inputs are unobservable, including the company’s own assumptions. The pricing models incorporate transaction details such as contractual terms, maturity and, in certain instances, timing and amount of future cash flows, as well as assumptions related to liquidity and credit valuation adjustments of marketplace participants.
Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of financial assets and financial liabilities and their placement within the fair value hierarchy. We use quoted market prices for similar assets to estimate the fair value of our Level 2 investments. Our financial assets are included within short-term investments on our consolidated balance sheets, unless otherwise indicated. Our financial assets that are accounted for at fair value on a recurring basis are presented in the tables below as of December 31, 2014 and December 31, 2013 (in thousands):
 
Fair Value as of December 31, 2014
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
Money market and demand accounts (a)
$
307,995

 
$

 
$

 
$
307,995

Commercial paper (b)

 
207,449

 

 
207,449

U.S. government securities

 
151,618

 

 
151,618

Corporate bonds, asset backed and other securities
671

 
36,195

 

 
36,866

 
$
308,666

 
$
395,262

 
$

 
$
703,928

_______________
(a)
Included within cash and cash equivalents.
(b)
Includes $120.6 million of commercial paper that is included within cash and cash equivalents.

 
Fair Value as of December 31, 2013
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
Money market and demand accounts (a)
$
465,722

 
$

 
$

 
$
465,722

Commercial paper (b)

 
192,478

 

 
192,478

U.S. government securities

 
31,688

 

 
31,688

Corporate bonds and asset backed securities
1,398

 
7,165

 

 
8,563

 
$
467,120

 
$
231,331

 
$

 
$
698,451

_______________
(a)
Included within cash and cash equivalents.
(b)
Includes $32.0 million of commercial pap
Schedule of Finite-Lived Intangible Assets by Major Class [Table Text Block]
Patents consisted of the following (in thousands, except for useful life data):
 
December 31,
 
2014
 
2013
Weighted average estimated useful life (years)
10.0

 
10.2

Gross patents
$
455,447

 
$
358,793

Accumulated amortization
(189,907
)
 
(152,422
)
Patents, net
$
265,540

 
$
206,371

 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
The estimated aggregate amortization expense for the next five years related to our patents balance as of December 31, 2014 is as follows (in thousands):
2015
$
39,902

2016
38,485

2017
35,686

2018
31,124

2019
28,650

 
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]
Deferred charges are recorded in our Consolidated Balance Sheets within the following captions (in thousands):
 
December 31,
 
2014
 
2013
Prepaid and other current assets
 

 
 

Deferred commission expense
$
342

 
$
290

Deferred contract origination costs
79

 
79

  Deferred financing costs
1,303

 
1,303

Other non-current assets
 

 
 

Deferred commission expense
495

 
750

Deferred contract origination costs
79

 
158

Deferred financing costs
326

 
1,629

 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table reconciles the numerator and the denominator of the basic and diluted net income per share computation (in thousands, except for per share data):
 
For the Year Ended December 31,
 
2014
 
2013
 
2012
 
Basic
 
Diluted
 
Basic
 
Diluted
 
Basic
 
Diluted
Numerator:
 
 
 
 
 
 
 
 
 
 
 
Net income applicable to common shareholders
$
104,342

 
$
104,342

 
$
38,165

 
$
38,165

 
$
271,804

 
$
271,804

Denominator:
 
 

 
 
 
 
 
 
 
 
Weighted-average shares outstanding: Basic
39,420

 
39,420

 
41,115

 
41,115

 
43,070

 
43,070

Dilutive effect of stock options, RSUs and convertible securities
 
 
459

 
 
 
309

 
 
 
326

Weighted-average shares outstanding: Diluted
 
 
39,879

 
 
 
41,424

 
 
 
43,396

Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
Net income: Basic
$
2.65

 
2.65

 
$
0.93

 
0.93

 
$
6.31

 
6.31

Dilutive effect of stock options, RSUs and convertible securities
 
 
(0.03
)
 
 
 
(0.01
)
 
 
 
(0.05
)
Net income: Diluted
 
 
$
2.62

 
 
 
$
0.92

 
 
 
$
6.26