ServiceMagic 2011 Annual Report Download - page 92

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IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 8—LONG-TERM INVESTMENTS (Continued)
intent to hold this investment for a reasonable period of time sufficient for a forecasted recovery of fair value, the Company does not consider
this investment to be other-than-temporarily impaired at December 31, 2011. There were no long-term marketable equity securities at
December 31, 2010.
NOTE 9—FAIR VALUE MEASUREMENTS
The following tables present the Company's assets and liabilities that are measured at fair value on a recurring basis:
86
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
)