| 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 |
|
|