Fair Value Measurements (Tables)
| 9 Months Ended |
|---|
Sep. 30, 2011 |
|---|
| Fair Value Disclosures [Abstract] | |
| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following table summarizes assets and liabilities measured at fair value on a recurring basis at September 30, 2011, as required by ASC 820 (in thousands): | | | | | | | | | | | | | | | | | | | | Fair Value Measurements | | | Level 1 | | Level 2 | | Level 3 | | Total | Assets | | | | | | | | | Cash equivalents | | $ | 1,713,379 |
| | $ | — |
| | $ | — |
| | $ | 1,713,379 |
| Short-term investments | | 299,981 |
| | — |
| | — |
| | 299,981 |
| Restricted cash and investments | | 2,576 |
| | — |
| | — |
| | 2,576 |
| Long-term investments | | — |
| | — |
| | 6,319 |
| | 6,319 |
| Total assets measured at fair value | | $ | 2,015,936 |
| | $ | — |
| | $ | 6,319 |
| | $ | 2,022,255 |
| Liabilities | |
| |
| |
| |
| Derivative liabilities | | $ | — |
| | $ | 26,901 |
| | $ | — |
| | $ | 26,901 |
| Total liabilities measured at fair value | | $ | — |
| | $ | 26,901 |
| | $ | — |
| | $ | 26,901 |
|
The following table summarizes assets and liabilities measured at fair value on a recurring basis at December 31, 2010, as required by ASC 820 (in thousands): | | | | | | | | | | | | | | | | | | | | Fair Value Measurements | | | Level 1 | | Level 2 | | Level 3 | | Total | Assets | | | | | | | | | Cash equivalents | | $ | 787,829 |
| | $ | — |
| | $ | — |
| | $ | 787,829 |
| Short-term investments | | 374,862 |
| | — |
| | — |
| | 374,862 |
| Restricted cash and investments | | 2,876 |
| | — |
| | — |
| | 2,876 |
| Long-term investments | | — |
| | — |
| | 6,319 |
| | 6,319 |
| Derivative assets | | — |
| | 10,381 |
| | — |
| | 10,381 |
| Total assets measured at fair value | | $ | 1,165,567 |
| | $ | 10,381 |
| | $ | 6,319 |
| | $ | 1,182,267 |
| Liabilities | |
| |
| |
| |
| Derivative liabilities | | $ | — |
| | $ | 18,690 |
| | $ | — |
| | $ | 18,690 |
| Total liabilities measured at fair value | | $ | — |
| | $ | 18,690 |
| | $ | — |
| | $ | 18,690 |
|
|
| Fair Value, Derivatives Measured On Recurring Basis Observable Input Reconciliation | The following table summarizes the changes in fair value of the Company’s net derivative liabilities included in Level 2 assets (in thousands): | | | | | | | | | | Fair Value Measurements of Net Derivative Liabilities Using Level 2 Inputs | | Net Derivative Liabilities | | | Three Months Ended September 30, | | | 2011 | | 2010 | Beginning balance | | $ | 18,249 |
| | $ | 22,273 |
| Total losses (realized or unrealized): | |
| |
| Included in earnings (1) | | 6,424 |
| | 4,663 |
| Included in accumulated other comprehensive income (loss) | | (15,076 | ) | | (5,591 | ) | Transfers in and/or out of Level 2 | | — |
| | — |
| Purchases, sales, issuances and settlements | | — |
| | — |
| Ending balance | | $ | 26,901 |
| | $ | 23,201 |
|
———————————— | | (1) | Losses included in earnings that are attributable to the reclassification of the effective portion of those derivative liabilities still held at the reporting date as reported in interest expense in the condensed consolidated statements of income and comprehensive income. |
| | | | | | | | | | Fair Value Measurements of Net Derivative Liabilities Using Level 2 Inputs | | Net Derivative Liabilities | | | Nine Months Ended September 30, | | | 2011 | | 2010 | Beginning balance | | $ | 8,309 |
| | $ | 24,859 |
| Total losses (realized or unrealized): | |
| |
| Included in earnings (2) | | 17,182 |
| | 23,904 |
| Included in accumulated other comprehensive income (loss) | | (35,774 | ) | | (22,246 | ) | Transfers in and/or out of Level 2 | | — |
| | — |
| Purchases, sales, issuances and settlements | | — |
| | — |
| Ending balance | | $ | 26,901 |
| | $ | 23,201 |
|
———————————— | | (2) | Losses included in earnings that are attributable to the reclassification of the effective portion of those derivative liabilities still held at the reporting date as reported in interest expense in the condensed consolidated statements of income and comprehensive income. |
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation | The following table summarizes the changes in fair value of the Company’s Level 3 assets (in thousands): | | | | | | | | | | Fair Value Measurements of Assets Using Level 3 Inputs | | Long-Term Investments | | | Three Months Ended September 30, | | | 2011 | | 2010 | Beginning balance | | $ | 6,319 |
| | $ | 6,319 |
| Total losses (realized or unrealized): | |
| |
| Included in earnings | | — |
| | — |
| Included in accumulated other comprehensive income (loss) | | — |
| | — |
| Transfers in and/or out of Level 3 | | — |
| | — |
| Purchases, sales, issuances and settlements | | — |
| | — |
| Ending balance | | $ | 6,319 |
| | $ | 6,319 |
|
| | | | | | | | | | Fair Value Measurements of Assets Using Level 3 Inputs | | Long-Term Investments | | | Nine Months Ended September 30, | | | 2011 | | 2010 | Beginning balance | | $ | 6,319 |
| | $ | 6,319 |
| Total losses (realized or unrealized): | |
| |
| Included in earnings | | — |
| | — |
| Included in accumulated other comprehensive income (loss) | | — |
| | — |
| Transfers in and/or out of Level 3 | | — |
| | — |
| Purchases, sales, issuances and settlements | | — |
| | — |
| Ending balance | | $ | 6,319 |
| | $ | 6,319 |
|
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