FAIR MARKET VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2016

FAIR MARKET VALUE MEASUREMENTS

Schedule of carrying value and fair value of financial instruments other than trade receivables and payables

Based on the foregoing methods and assumptions, the carrying value and fair value of the Company’s financial instruments other than trade receivables and payables are as follows (in thousands):

	Carrying
	value		Fair value		Level 1		Level 2		Level 3
As of December 31, 2016
Financial assets
Cash and cash equivalents	$	17,181	$	17,181	$	17,181	$	—	$	—
Investment securities available for sale		40,760		40,760		40,760		—		—
As of December 31, 2015
Financial assets
Cash and cash equivalents	$	31,198	$	31,198	$	31,198	$	—	$	—
Investment securities available for sale		39,483		39,483		39,483		—		—