FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

7

FAIR VALUE MEASUREMENTS

Measured on recurring basis

The Company measured its financial assets at fair value on a recurring basis as of December 31, 2014 and 2015.

Trading securities are stated at fair value. The Company classified such financial assets as investments within Level 1 of the fair value hierarchy because they are valued based on the quoted market price in an active market.

The Company did not have Level 2 and Level 3 investments as of December 31, 2014 and 2015.

The following table shows the fair value of the Company's financial assets and liabilities measured at recurring basis as of December 31, 2014 and 2015:

		As of December 31, 2014														As of December 31, 2015
		Fair Value Measurements at the Reporting Date Using														Fair Value Measurements at the Reporting Date Using
		Quoted prices in		Significant												Quoted prices in				Significant
		active markets		other				Significant								active markets				other				Significant
		for identical		observable				unobservable								for identical				observable				unobservable
		instruments		inputs				inputs				Total				instruments				inputs				inputs				Total
		(level 1)		(level 2)				(level 3)				balance				(level 1)				(level 2)				(level 3)				balance

Trading Securities:
Publicly traded mutual funds in Taiwan	$	70		$	-			$	-			$	70			$	68			$	-			$	-			$	68

Total	$	70		$	-			$	-			$	70			$	68			$	-			$	-			$	68

Measured on nonrecurring basis

The Group measured the fair value of intangible assets using income approach method based on which to recognize the impairment loss in 2015. These intangible assets are considered within Level 3 of the fair value hierarchy because the Company used unobservable inputs, such as forecast financial performance of the businesses or assets and discount rates to determine the fair value of these purchased assets. Impairment loss recognized in 2015 resulted by the unsatisfactory financial performance of certain products during the year.

Equity method and cost method investments are measured at fair value on a nonrecurring basis when impairment is recognized.

The Company measured the fair value of cost method investment in AMC and Grand Choice using income approach method based on which to recognize the impairment loss in 2014 and 2015, respectively. The cost method investment in AMC and Grand Choice are considered within Level 3 of the fair value hierarchy because the Company used unobservable inputs, such as forecast financial performance and future cash flow to determine the fair value of the cost method investment.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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