Transition report pursuant to Rule 13a-10 or 15d-10

FAIR VALUE MEASUREMENTS (Tables)

v3.8.0.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Classes of Financial Assets and Financial Liabilities Measured and Recorded at Fair Value on Recurring Basis
The following table summarizes financial assets and financial liabilities that are measured and recorded in the consolidated financial statements at fair value on a recurring basis:
 
Total Fair  Value
 
Fair Value Measurement Using (a)
(In thousands)
 
Level 1
 
Level 2
 
Level 3
March 2018
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
185,118

 
$
185,118

 
$
—

 
$
—

Time deposits
7,714

 
7,714

 
—

 
—

Derivative financial instruments
31,400

 
—

 
31,400

 
—

Investment securities
194,160

 
183,802

 
10,358

 
—

Financial liabilities:
 
 
 
 
 
 
 
Derivative financial instruments
106,174

 
—

 
106,174

 
—

Deferred compensation
227,808

 
—

 
227,808

 
—

December 2017
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
265,432

 
$
265,432

 
$
—

 
$
—

Time deposits
13,591

 
13,591

 
—

 
—

Derivative financial instruments
22,970

 
—

 
22,970

 
—

Investment securities
197,837

 
185,723

 
12,114

 
—

Financial liabilities:
 
 
 
 
 
 
 
Derivative financial instruments
100,038

 
—

 
100,038

 
—

Deferred compensation
235,359

 
—

 
235,359

 
—

 
(a) 
There were no transfers among the levels within the fair value hierarchy during the three months ended March 2018 or the year ended December 2017.