FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2017

Financial Liabilities Measured at Fair Value on Recurring Basis

The following tables show the fair values of the Company’s financial liabilities measured at fair value on a recurring basis as of March 31, 2017 and December 31, 2016:



	As of March 31, 2017
	Balance		Level 1		Level 2		Level 3
Performance-based equity awards	$	6,754	$	6,754	$	—	$	—
Cash-settled restricted stock units	84		84		—		—
Total liabilities measured at fair value on a recurring basis	$	6,838	$	6,838	$	—	$	—



	As of December 31, 2016
	Balance		Level 1		Level 2		Level 3
Performance-based equity awards	$	3,789	$	3,789	$	—	$	—
Cash-settled restricted stock units	2,111		2,111		—		—
Total liabilities measured at fair value on a recurring basis	$	5,900	$	5,900	$	—	$	—

Financial Assets and Liabilities Not Measured on Recurring Basis

The following tables present the reported amounts and estimated fair values of the financial assets and liabilities for which disclosure of fair value is required, as they would be categorized within the fair-value hierarchy, as of the dates indicated:



					Fair Value Hierarchy
	Balance		Estimated Fair Value		Level 1		Level 2		Level 3
March 31, 2017
Financial Assets:
Cash and cash equivalents	$	398,419	$	398,419	$	398,419	$	—	$	—
Time deposits and restricted cash	916		916		—		916		—
Employee loans	5,669		5,669		—		—		5,669
Financial Liabilities:
Borrowing under 2014 Credit Facility	$	25,022	$	25,022	$	—	$	25,022	$	—



					Fair Value Hierarchy
	Balance		Estimated Fair Value		Level 1		Level 2		Level 3
December 31, 2016
Financial Assets:
Cash and cash equivalents	$	362,025	$	362,025	$	362,025	$	—	$	—
Time deposits and restricted cash	$	3,042	$	3,042	$	—	$	3,042	$	—
Employee loans	$	5,978	$	5,978	$	—	$	—	$	5,978
Financial Liabilities:
Borrowing under 2014 Credit Facility	$	25,019	$	25,019	$	—	$	25,019	$	—