v2.4.0.8
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
FAIR VALUE MEASUREMENTS [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables summarize the Company's assets and liabilities that are measured at fair value on a recurring basis (in thousands):
 
 
 
Fair Value Measurement at Reporting Date Using
Description
June 30, 2014
 
Quoted Prices in Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
500,558

 
$
500,558

 
$

 
$

Available-for-sale securities:
 
 
 
 
 
 
 
Convertible debt securities
$
2,630

 
$

 
$

 
$
2,630

Redeemable preferred shares
$
4,544

 
$

 
$

 
$
4,544

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 Contingent consideration
$
4,006

 
$

 
$

 
$
4,006

 
 
 
Fair Value Measurement at Reporting Date Using
Description
December 31, 2013
 
Quoted Prices in Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
585,514

 
$
585,514

 
$

 
$

Available-for-sale securities:
 
 
 
 
 
 
 
Convertible debt securities
$
3,174

 
$

 
$

 
$
3,174

Redeemable preferred shares
$

 
$

 
$

 
$

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 Contingent consideration
$
606

 
$

 
$

 
$
606

Fair Value, Assets and Liabilities, Reconciliation of Level 3 Inputs [Table Text Block]
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for the three and six months ended June 30, 2014 and 2013 (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Assets
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
 
Convertible debt securities:
 
 
 
 
 
 
 
Beginning Balance
$
2,693

 
$
3,341

 
$
3,174

 
$
3,087

Total (losses) gains included in other comprehensive (loss) income
(63
)
 
(108
)
 
(544
)
 
146

Ending Balance
$
2,630

 
$
3,233

 
$
2,630

 
$
3,233

Unrealized (losses) gains still held(1)
$
(63
)
 
$
(108
)
 
$
(544
)
 
$
146

Redeemable preferred shares(2):
 
 
 
 
 
 
 
Beginning Balance
$
4,599

 
$
42,539

 
$

 
$
42,539

Purchase of redeemable preferred shares

 

 
4,599

 

Total (losses) gains included in other comprehensive (loss) income
(55
)
 

 
(55
)
 

Ending Balance
$
4,544

 
$
42,539

 
$
4,544

 
$
42,539

Unrealized (losses) gains still held(1)
$
(55
)
 
$

 
$
(55
)
 
$

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Contingent Consideration:
 
 
 
 
 
 
 
Beginning Balance
$

 
$
7,699

 
$
606

 
$
7,601

Issuance of contingent consideration in connection with acquisitions
4,006

 

 
4,006

 
30

Settlements of contingent consideration liabilities

 
(30
)
 
(424
)
 
(30
)
Reclass to non-fair value liabilities when no longer contingent

 

 
(143
)
 

Total (gains) losses included in earnings(3)

 
(815
)
 
(39
)
 
(747
)
Ending Balance
$
4,006

 
$
6,854

 
$
4,006

 
$
6,854

Unrealized (gains) losses still held(1)
$

 
$
(815
)
 
$

 
$
(747
)
(1)
Represents the unrealized losses or gains recorded in earnings or other comprehensive (loss) income during the period for assets and liabilities classified as Level 3 that are still held (or outstanding) at the end of the period.
(2)
For the three and six months ending June 30, 2013, the Company's investments in Life Media Limited (F-tuan) preferred shares were previously classified as cost method investments and have been reclassified to the available-for-sale category in this table. The balance as of June 30, 2013 represents the Company’s investments in F-tuan preferred shares, which were written down to zero through an other-than-temporary impairment charge as of December 31, 2013 and continue to have an estimated fair value of zero as of June 30, 2014. The $4.5 million balance as of June 30, 2014 represents the Company's investment in the preferred shares of an online home services company during the current period, as described in Note 4 "Investments."
(3)
Changes in the fair value of contingent consideration liabilities are classified within "Acquisition-related expense (benefit), net" on the condensed consolidated statements of operations.
Fair Value of Financial Assets and Liabilities not Measured at Fair Value [Table Text Block]
The following table presents the carrying amounts and fair values of financial instruments that are not carried at fair value in the condensed consolidated financial statements (in thousands):
 
 
June 30, 2014
 
December 31, 2013
 
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
Cost method investments
 
$
15,092

 
$
17,593

 
$
15,788

 
$
15,573