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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 (in thousands):
 
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
 
Significant Other
Observable
Inputs (Level 2)
Unobservable Inputs (Level 3)
Assets:
 
 
 
 
Money market instruments
$
6,024

 
$

$

Corporate bonds

 
230,951


Treasury bills

 
153,797


Asset-backed securities

 
86,576


Euro liquidity fund

 
47,730


Sovereign bonds

 
34,943


Agency bonds

 
9,158


Municipal bonds

 
5,459


Cash flow hedge forward contracts

 
441


Economic hedge forward contracts

 
9


Liabilities:
 
 
 
 
Cash flow hedge forward contracts

 
(201
)

Economic hedge forward contracts

 
(43
)

Contingent consideration liability (Note 20)

 

(3,000
)