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.