Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v2.4.0.8
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Fair Value Measurements By Level For Assets Measured At Fair Value On A Recurring Basis
The following table summarizes fair value measurements by level at December 31, 2013, for assets and liabilities measured at fair value on a recurring basis:  
 
Level I
 
Level II
 
Level III
 
Total
Assets
 
 
 
 
 
 
 
Cash and cash equivalents
$
974,304

 
$

 
$

 
$
974,304

Investments available for sale:
 

 
 

 
 

 
 

U.S. Treasury securities and obligations of U.S. government corporations and agencies
$
212,185

 
$
12,238

 
$

 
$
224,423

Corporate securities

 
296,086

 

 
296,086

Municipal securities:
 

 
 

 
 

 
 
General obligation

 
54,422

 

 
54,422

Pre-refunded

 
10,917

 

 
10,917

Revenue

 
69,054

 

 
69,054

Variable rate demand notes

 
28,575

 

 
28,575

Asset backed securities

 
139,050

 

 
139,050

Mortgage backed securities
$

 
$
33,891

 
$

 
$
33,891

Total investments
$
212,185

 
$
644,233

 
$

 
$
856,418

Restricted deposits available for sale:
 

 
 

 
 

 
 

Cash and cash equivalents
$
26,642

 
$

 
$

 
$
26,642

Certificates of deposit
5,891

 

 

 
5,891

U.S. Treasury securities and obligations of U.S. government corporations and agencies
14,413

 

 

 
14,413

Total restricted deposits
$
46,946

 
$

 
$

 
$
46,946

Other long term assets:
 
 
 
 
 
 
 
Interest rate swap contract
$

 
$
9,576

 
$

 
$
9,576

Total assets at fair value
$
1,233,435

 
$
653,809

 
$

 
$
1,887,244


The following table summarizes fair value measurements by level at December 31, 2012, for assets and liabilities measured at fair value on a recurring basis: 
 
Level I
 
Level II
 
Level III
 
Total
Assets
 
 
 
 
 
 
 
Cash and cash equivalents
$
745,933

 
$

 
$

 
$
745,933

Investments available for sale:
 

 
 

 
 

 
 

U.S. Treasury securities and obligations of U.S. government corporations and agencies
$
57,114

 
$
40,246

 
$

 
$
97,360

Corporate securities

 
295,111

 

 
295,111

Municipal securities:
 

 
 

 
 

 
 

General obligation

 
86,571

 

 
86,571

Pre-refunded

 
5,422

 

 
5,422

Revenue

 
84,064

 

 
84,064

Variable rate demand notes

 
23,385

 

 
23,385

Asset backed securities

 
74,637

 

 
74,637

Mortgage backed securities

 

 

 

Total investments
$
57,114

 
$
609,436

 
$

 
$
666,550

Restricted deposits available for sale:
 

 
 

 
 

 
 

Cash and cash equivalents
$
14,455

 
$

 
$

 
$
14,455

Certificates of deposit
5,890

 

 

 
5,890

U.S. Treasury securities and obligations of U.S. government corporations and agencies
13,941

 

 

 
13,941

Total restricted deposits
$
34,286

 
$

 
$

 
$
34,286

Other long term assets:
 
 
 
 
 
 
 
Interest rate swap contract
$

 
$
16,304

 
$

 
$
16,304

Total assets at fair value
$
837,333

 
$
625,740

 
$

 
$
1,463,073