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LEASE AND FINANCING OBLIGATIONS
 3 Months Ended
Mar. 31, 2015
LEASE AND FINANCING OBLIGATIONS [Abstract]  
LEASE AND FINANCING OBLIGATIONS
13.LEASE AND FINANCING OBLIGATIONS

In 2014, the Company's subsidiary in South Korea entered into a lease agreement (the "Lease") with a third party landlord for office buildings. As part of the Lease, the landlord agreed to renovate an existing building (the "Existing Building") and construct a new building (the "New Building") adjacent to the Existing Building. The Lease provides that when such renovations and construction are completed, the Company and the landlord will enter into a new lease agreement (the "New Lease") for the Existing Building and the New Building.

The Company accounts for its lease of the Existing Building as an operating lease, and it expects to continue doing so under the New Lease.  As an inducement to enter into the Lease, the landlord agreed to make certain improvements on behalf of the Company to the Existing Building. The improvements have been accounted for by the Company as a tenant incentive.

The Company has concluded that it is the deemed owner (for accounting purposes only) of the New Building during the construction period under build-to-suit lease accounting.

At March 31, 2015, the Company had recognized $17.8 million in estimated project costs associated with the construction of the New Building as part of construction-in-progress and a financing obligation in the amount of $10.3 million, net of a $7.5 million deposit paid directly to the landlord, as part of Other liabilities in its consolidated balance sheets. The Company expects to recognize an additional $3.7 million in project costs associated with the construction of the New Building and an additional financing obligation of $1.3 million, net of $2.4 million in deposits to be paid directly to the landlord.

The Company had also recognized a $6.3 million tenant incentive asset and deferred tenant incentive liability associated with the Existing Building at March 31, 2015.