| Assets and Liabilities Measured at Fair Value on a Recurring Basis |
Assets and liabilities measured at fair value on a recurring basis as of December 31, 2014 are as follows (in thousands):
|
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|
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
Assets: |
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|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
94,112 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
94,112 |
|
Time deposits |
|
45,187 |
|
|
— |
|
|
— |
|
|
45,187 |
|
Certificates of deposit |
|
— |
|
|
1,470 |
|
|
— |
|
|
1,470 |
|
Reverse repurchase agreements |
|
— |
|
|
40,000 |
|
|
— |
|
|
40,000 |
|
U.S. Government-backed municipal bonds |
|
— |
|
|
5,812 |
|
|
— |
|
|
5,812 |
|
Available-for-sale short-term investments |
|
|
|
|
|
|
|
|
Certificates of deposit |
|
— |
|
|
3,184 |
|
|
— |
|
|
3,184 |
|
U.S. Government-backed municipal bonds |
|
— |
|
|
23,598 |
|
|
— |
|
|
23,598 |
|
Other short-term investments |
|
|
|
|
|
|
|
|
Mutual fund shares |
|
485 |
|
|
— |
|
|
— |
|
|
485 |
|
Other current assets |
|
|
|
|
|
|
|
|
Derivative financial instruments (Note 20) |
|
— |
|
|
12,747 |
|
|
— |
|
|
12,747 |
|
Non-current assets |
|
|
|
|
|
|
|
|
Mutual fund shares |
|
6,039 |
|
|
— |
|
|
— |
|
|
6,039 |
|
Total assets measured at fair value |
|
$ |
145,823 |
|
|
$ |
86,811 |
|
|
$ |
— |
|
|
$ |
232,634 |
|
Liabilities: |
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|
|
|
|
|
|
|
Accrued liabilities |
|
|
|
|
|
|
|
|
Derivative financial instruments (Note 20) |
|
$ |
— |
|
|
$ |
924 |
|
|
$ |
— |
|
|
$ |
924 |
|
Total liabilities measured at fair value |
|
$ |
— |
|
|
$ |
924 |
|
|
$ |
— |
|
|
$ |
924 |
|
|
Assets and liabilities measured at fair value on a recurring basis at December 31, 2013 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Assets: |
|
|
|
|
|
|
|
|
Cash equivalents |
|
|
|
|
|
|
|
|
Money market funds |
|
$ |
175,624 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
175,624 |
|
Time deposits |
|
25,111 |
|
|
9,526 |
|
|
— |
|
|
34,637 |
|
Certificates of deposit |
|
— |
|
|
735 |
|
|
— |
|
|
735 |
|
Reverse repurchase agreements |
|
— |
|
|
45,000 |
|
|
— |
|
|
45,000 |
|
U.S. Government-backed municipal bonds |
|
— |
|
|
9,898 |
|
|
— |
|
|
9,898 |
|
Available-for-sale short-term investments |
|
|
|
|
|
|
|
|
Short-term municipal bond fund |
|
15,004 |
|
|
— |
|
|
— |
|
|
15,004 |
|
Certificates of deposit |
|
— |
|
|
9,546 |
|
|
— |
|
|
9,546 |
|
Variable-rate demand notes |
|
— |
|
|
52,105 |
|
|
— |
|
|
52,105 |
|
U.S. Government-backed municipal bonds |
|
— |
|
|
14,764 |
|
|
— |
|
|
14,764 |
|
Other short-term investments |
|
|
|
|
|
|
|
|
Mutual fund shares |
|
336 |
|
|
— |
|
|
— |
|
|
336 |
|
Other current assets |
|
|
|
|
|
|
|
|
Derivative financial instruments (Note 20) |
|
— |
|
|
4,892 |
|
|
— |
|
|
4,892 |
|
Non-current assets |
|
|
|
|
|
|
|
|
Derivative financial instruments (Note 20) |
|
— |
|
|
24 |
|
|
— |
|
|
24 |
|
Mutual fund shares |
|
4,855 |
|
|
— |
|
|
— |
|
|
4,855 |
|
Total assets measured at fair value |
|
$ |
220,930 |
|
|
$ |
146,490 |
|
|
$ |
— |
|
|
$ |
367,420 |
|
Liabilities: |
|
|
|
|
|
|
|
|
Accrued liabilities |
|
|
|
|
|
|
|
|
Derivative financial instruments (Note 20) |
|
$ |
— |
|
|
$ |
1,152 |
|
|
$ |
— |
|
|
$ |
1,152 |
|
Other long-term liabilities |
|
|
|
|
|
|
|
|
Derivative financial instruments (Note 20) |
|
— |
|
|
95 |
|
|
— |
|
|
95 |
|
Total liabilities measured at fair value |
|
$ |
— |
|
|
$ |
1,247 |
|
|
$ |
— |
|
|
$ |
1,247 |
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