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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents information about the Company’s financial instruments that are accounted for at fair value on a recurring basis at September 30, 2019 and Dec
e
mber 31, 2018 (in thousands):
                         
 
   
Fair Value
 
 
Fair Value
Category
   
September 30,
2019
   
December 31,
2018
 
Assets:
   
     
     
 
Money market funds
   
Level 1
    $
3,233
    $
481
 
Short-term investments
   
Level 2
     
78,371
     
—  
(
1
)
 
Company-owned life insurance
   
Level 2
     
     
10,464
 
Mutual funds
 
 
Level 1
 
 
 
15,097
 
 
 
 
Liabilities:
   
     
     
 
Contingent consideration
   
Level 3
     
4,475
     
20,039
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Investments were measured at carrying value as of December 31, 2018. See table below.
 
 
 
 
 
 
 
 
 
 
 
Financial Instruments Measured At Carrying Amount
The following table presents information about the Company’s financial instruments that are not carried at fair value at September 30, 2019 and December 31, 2018 (in thousands):
                                 
 
September 30, 2019
   
December 31, 2018
 
 
Carrying
Amount
   
Fair
Value
   
Carrying
Amount
   
Fair
Value
 
Assets:
   
     
     
     
 
Short-term investments
  $
(2)
 
  $
(2)
 
   
21,923
     
21,858
 
Long-term investments
   
(2)
 
   
(2)
 
   
69,699
     
69,090
 
Liabilities:
   
     
     
     
 
2023 Notes
   
750,000
     
763,125
     
750,000
     
736,725
 
2027 Notes
   
1,000,000
     
989,200
     
500,000
     
482,500
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2)
Investments were measured at fair value as of September 30, 2019. See table above.