ServiceMagic 2012 Annual Report Download - page 87

IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
The following tables present the changes in the Company's assets and liabilities that are measured at fair value on a recurring basis using
significant unobservable inputs (Level 3):
67
December 31, 2012
Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Fair Value
Measurements
(In thousands)
Assets:
Cash equivalents:
Money market funds
$
545,290
$
—
$
—
$
545,290
Time deposits —
11,994
—
11,994
Marketable securities:
Corporate debt securities —
13,627
—
13,627
Equity security
6,977
—
—
6,977
Long-term investments:
Auction rate security —
—
8,100
8,100
Marketable equity securities
31,244
—
—
31,244
Total
$
583,511
$
25,621
$
8,100
$
617,232
December 31, 2011
Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable Inputs
(Level 3)
Total
Fair Value
Measurements
(In thousands)
Assets:
Cash equivalents:
Treasury and government agency money market funds
$
321,314
$
—
$
—
$
321,314
Commercial paper —
237,942
—
237,942
Time deposits —
4,750
—
4,750
Marketable securities:
Corporate debt securities —
48,705
—
48,705
States of the U.S. and state political subdivisions —
112,323
—
112,323
Equity security
4,667
—
—
4,667
Long-term investments:
Auction rate security —
—
5,870
5,870
Marketable equity securities
74,691
—
—
74,691
Total
$
400,672
$
403,720
$
5,870
$
810,262
Liabilities:
Contingent consideration arrangement
$
—
$
—
$
(
10,000
)
$
(10,000
)