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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2016
FAIR VALUE MEASUREMENTS [Abstract]  
Financial assets and liabilities measured at fair value on recurring basis
Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2016 and December 31, 2015 are summarized below:

(in thousands)
               
 
Description
 
As of
December 31,
2016
  
Level 1
  
Level 2
  
Level 3
  
Total Gains
(Losses)
 
Non-recurring
               
Assets:
               
Licensed technology (net)
 
$
8,384
  
$
-
  
$
-
  
$
8,384
  
$
-
 
Goodwill
  
32,466
   
-
   
-
   
32,466
   
-
 
                     
Recurring                    
Liabilities:
                    
Contingent consideration
 
$
-
  
$
-
  
$
-
  
$
-
  
$
1,391
 
 
 
Description
 
As of
December 31,
2015
  
Level 1
  
Level 2
  
Level 3
  
Total Gains
(Losses)
 
Non-recurring
               
Assets:
               
Licensed technology (net)
 
$
6,609
  
$
-
  
$
-
  
$
6,609
  
$
-
 
Goodwill
  
32,466
                 
                    
Recurring                    
Liabilities:
                    
Contingentconsideration
 
$
2,591
  
$
-
  
$
-
  
$
2,591
  
$
3,898