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FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2021

FAIR VALUE MEASUREMENTS [Abstract]

Fair Values of Assets and Liabilities

Assets and liabilities measured at fair value on a recurring basis are summarized below:

		Fair value measurement at December 31, 2020
		Quoted prices in active markets for identical assets (Level 1) $				Significant other observable inputs (Level 2) $				Unobservable inputs (Level 3) $				Total $
Cash equivalents			74,272				–				–				74,272
Held to maturity investments			100,071				–				286				100,357
Available-for-sale investments			5,688				–				21,357				27,045
Equity securities			76,000				–				–				76,000
Other assets			–				–				19,024				19,024
Share appreciation rights			(11,640	)			–				–				(11,640	)
			244,391				–				40,667				285,058

		Fair value measurement at June 30, 2021
		Quoted prices in active markets for identical assets (Level 1) $				Significant other observable inputs (Level 2) $				Unobservable inputs (Level 3) $				Total $
Cash equivalents			575,601				–				–				575,601
Held to maturity investments			787,122				–				486				787,608
Available-for-sale investments			49,017				–				164,459				213,476
Equity securities			55,533				–				–				55,533
Investments carried at fair value			–				–				21,992				21,992
Other assets			–				–				16,221				16,221
Derivative assets(1)			–				67				–				67
Derivative liabilities (2)			–				(1,204	)			–				(1,204	)
Share appreciation rights			(18,038	)			–				–				(18,038	)
			1,449,235				(1,137	)			203,158				1,651,256

    ⁽¹⁾ Included in prepaid expenses and other assets in the consolidated balance sheets and not designated as hedges.

    ⁽²⁾ Included in accrued expenses and other payables in the consolidated balance sheets and not designated as hedges.

Reconciliations of Assets and Liabilities Categorized within Level 3

Reconciliations of assets and liabilities categorized within Level 3 under the fair value hierarchy are as follow: 

		$
Assets:
Available-for-sale investments
Balance at January 1, 2020			128,418
Impairments			(13,429	)
Conversion into ordinary shares of investees			(72,000	)
Fair value loss included in other comprehensive income			(5,400	)
Balance at June 30, 2020			37,589
Addition			20,429
Impairments			(37,571	)
Fair value loss included in other comprehensive income			910
Balance at December 31, 2020		21,357
Addition		146,871
Fair value loss included in other comprehensive income			(3,769	)
Balance as at June 30, 2021			164,459

Investments carried at fair value
Balance at January 1, 2020, June 30, 2020 and December 31, 2020			–
Addition			21,992
Balance at June 30, 2021			21,992

Other assets
Balance at January 1, 2020			–
Acquisition of subsidiary			8,718
Additions			10,928
Disposals			(45	)
Exchange differences			(373	)
Balance at June 30, 2020			19,228
Acquisition of subsidiary			142
Additions			2,412
Disposals			(318	)
Write-down			(3,713	)
Exchange differences			1,273
Balance at December 31, 2020			19,024
Additions			186
Disposals			(1,989	)
Write-down			(441	)
Exchange differences			(559	)
Balance at June 30, 2021			16,221

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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