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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis
The following table provides the assets and liabilities carried at fair value measured on a recurring basis as of June 30, 2015 (in thousands):
 
 
 
 
Fair Value Measurements, Using
 
 
Total carrying value as of June 30, 2015
 
Quoted prices in active markets (Level 1)
 
Significant other observable inputs
(Level 2)
 
Significant unobservable inputs
(Level 3)
Cash equivalents
 
$
39,086

 
$
39,086

 
$

 
$

Short-term investments
 
246,986

 
246,986

 

 

Long-term investments
 
3,888

 
3,888

 

 

The following table provides the assets and liabilities carried at fair value measured on a recurring basis as of December 31, 2014 (in thousands):
 
 
 
 
Fair Value Measurements, Using
 
 
Total carrying value as of December 31, 2014
 
Quoted prices in active markets  (Level 1)
 
Significant other observable inputs
(Level 2)
 
Significant unobservable inputs
(Level 3)
Cash equivalents
 
$
970

 
$
970

 
$

 
$

Short-term investments
 
243,088

 
243,088

 

 

Long-term investments
 
3,047

 
3,047