Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v2.4.0.8
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Fair Value Measurements By Level For Assets And Liabilities Measured At Fair Value On A Recurring Basis
The following table summarizes fair value measurements by level at June 30, 2014, for assets and liabilities measured at fair value on a recurring basis:  
 
Level I
 
Level II
 
Level III
 
Total
Assets
 
 
 
 
 
 
 
Cash and cash equivalents
$
1,199,784

 
$

 
$

 
$
1,199,784

Investments available for sale:
 

 
 

 
 

 
 

U.S. Treasury securities and obligations of U.S. government corporations and agencies
$
288,546

 
$
19,189

 
$

 
$
307,735

Corporate securities

 
399,348

 

 
399,348

Municipal securities:
 

 
 

 
 

 
 
General obligation

 
39,408

 

 
39,408

Pre-refunded

 
8,535

 

 
8,535

Revenue

 
69,400

 

 
69,400

Variable rate demand notes

 
18,000

 

 
18,000

Asset backed securities

 
179,985

 

 
179,985

Mortgage backed securities

 
48,270

 

 
48,270

Total investments
$
288,546

 
$
782,135

 
$

 
$
1,070,681

Restricted deposits available for sale:
 

 
 

 
 

 
 

Cash and cash equivalents
$
57,608

 
$

 
$

 
$
57,608

Certificates of deposit
5,892

 

 

 
5,892

U.S. Treasury securities and obligations of U.S. government corporations and agencies
14,942

 

 

 
14,942

Total restricted deposits
$
78,442

 
$

 
$

 
$
78,442

Other long-term assets: Interest rate swap agreements
$

 
$
9,506

 
$

 
$
9,506

Total assets at fair value
$
1,566,772

 
$
791,641

 
$

 
$
2,358,413


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 agreements
$

 
$
9,576

 
$

 
$
9,576

Total assets at fair value
$
1,233,435

 
$
653,809

 
$

 
$
1,887,244