FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value, Assets and Liabilities, Reconciliation of Level 3 Inputs

The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for the years ended December 31, 2020, 2019 and 2018 (in thousands):


	Year Ended December 31,
	2020		2019		2018
Assets
Fair value option investments:
Beginning Balance	$	1,405	$	73,902	$	82,966
Total gains (losses) included in earnings	(1,405)		(72,497)		(9,064)
Ending Balance	$	—	$	1,405	$	73,902
Unrealized (losses) gains still held (1)	$	(1,405)	$	(72,497)	$	(9,064)
Available-for-sale securities
Convertible debt securities:
Beginning Balance	$	—	$	—	$	11,354
Proceeds from sales and maturities of convertible debt securities	—		—		(8,594)
Transfer to other equity method investment upon conversion of convertible debt security	—		—		(4,008)
Total gains (losses) included in other comprehensive income (loss)	—		—		(1,148)
Total gains (losses) included in earnings (2)	—		—		2,396
Ending Balance	$	—	$	—	$	—
Unrealized gains (losses) still held (1)	$	—	$	—	$	—
Redeemable preferred shares:
Beginning Balance	$	—	$	10,340	$	15,431
Total gains (losses) included in other comprehensive income (loss)	—		(379)		379
Impairments included in earnings	—		(9,961)		(5,470)
Ending Balance	$	—	$	—	$	10,340
Unrealized gains (losses) still held (1)	$	—	$	(10,340)	$	(5,091)

Liabilities
Contingent Consideration:
Beginning Balance	$	1,298	$	1,529	$	—
Issuance of contingent consideration in connection with acquisitions	—		—		1,589
Settlements of contingent consideration liabilities	(908)		(312)		—
Total losses (gains) included in earnings	6		39		56
Foreign currency translation	(70)		42		(116)
Ending Balance	$	326	$	1,298	$	1,529
Unrealized losses (gains) still held (1)	$	6	$	39	$	56

(1)Represents the unrealized gains or losses recorded in earnings and/or other comprehensive income (loss) during the period for assets and liabilities classified as Level 3 that are still held (or outstanding) at the end of the period.

(2)Represents a gain at maturity of a previously impaired convertible debt security, accretion of interest income and changes in the fair value of the embedded derivative.