FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2014

Assets Measured at Fair Value on Recurring Basis

The following table represents the Company’s fair value hierarchy for its financial assets as of December 31, 2014 and 2013.



	As of December 2014
	Balance		Level 1		Level 2		Level 3
Cash and cash equivalents	$	220,534	$	220,534	$	—	$	—
Time deposits and restricted cash	156		—		156		—
Employee loans	6,515		—		—		6,515
Total assets measured at fair value on recurring basis	$	227,205	$	220,534	$	156	$	6,515



	As of December 2013
	Balance		Level 1		Level 2		Level 3
Cash and cash equivalents	$	169,207	$	169,207	$	—	$	—
Time deposits and restricted cash	1,711		—		1,711		—
Employee loans	6,390		—		—		6,390
Total assets measured at fair value on recurring basis	$	177,308	$	169,207	$	1,711	$	6,390

Liabilities Measured at Fair Value on Recurring Basis

The following tables show the fair values of the Company’s financial liabilities measured at fair value on a recurring basis:



	As of December 31, 2014
	Balance		Level 3
Contingent consideration	$	37,400	$	37,400
Performance-based equity awards	3,223		3,223
Total liabilities measured at fair value on a recurring basis	$	40,623	$	40,623

Reconciliation of Liabilities Measured on Recurring Basis, Unobservable Input

A reconciliation of the beginning and ending balances of acquisition-related contractual contingent liabilities using significant unobservable inputs (Level 3) for the year ended December 31, 2014 , was as follows:



	Amount
Contractual contingent liabilities at January 1, 2014	$	—
Acquisition date fair value of contractual contingent liabilities — Netsoft	1,825
Acquisition date fair value of contractual contingent liabilities — Jointech	20,000
Acquisition date fair value of contractual contingent liabilities — GGA	11,400
Acquisition date fair value of contractual contingent liabilities — Great Fridays	1,173
Liability-classified stock-based awards	3,088
Changes in fair value of contractual contingent liabilities included in earnings	2,059
Changes in fair value of contractual contingent liabilities recorded against goodwill	1,366
Effect of net foreign currency exchange rate changes	(288		)
Contractual contingent liabilities at December 31, 2014	$	40,623

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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