v3.2.0.727
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Assets and Liabilities Carried at Fair Value on a Recurring Basis
 
Level 1
 
Level 2
 
Level 3
 
Total Fair Value
June 30, 2015
(In thousands)
Assets
 
 
 
 
 
 
 
Corporate bonds
$

 
$
36,869

 
$

 
$
36,869

Commercial paper

 
36,788

 

 
36,788

U.S. Treasury notes

 
26,284

 

 
26,284

Mortgage-backed securities

 
79,277

 

 
79,277

Municipal bonds

 
2,188

 

 
2,188

Asset-backed securities

 
17,773

 

 
17,773

Total assets
$

 
$
199,179

 
$

 
$
199,179

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Contingent consideration
$

 
$

 
$
14,976

 
$
14,976

 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
Corporate bonds
$

 
$
40,389

 
$

 
$
40,389

Commercial paper

 
7,649

 

 
7,649

U.S. Treasury notes

 
14,771

 

 
14,771

Agency securities

 
2,950

 

 
2,950

Mortgage-backed securities

 
35,362

 

 
35,362

Municipal bonds

 
5,595

 

 
5,595

Asset-backed securities

 
13,715

 

 
13,715

Total assets
$

 
$
120,431

 
$

 
$
120,431

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Contingent consideration
$

 
$

 
$
23,160

 
$
23,160

Change in Contingent Consideration Payable
The following table presents changes in our contingent consideration payable for the three and six months ended June 30, 2015, which is categorized in Level 3 of the fair value hierarchy.
 
Three Months Ended June 30, 2015
 
Six Months Ended June 30, 2015
 
(In thousands)
Balance, beginning of period
$
15,375

 
$
23,160

Payments of contingent consideration
(499
)
 
(668
)
Change in fair value of contingent consideration
100

 
(7,516
)
Balance, end of period
$
14,976

 
$
14,976