RESTRICTED CASH AND TIME DEPOSITS

12 Months Ended

Dec. 31, 2016

Cash and Cash Equivalents [Abstract]

Restricted cash and time deposits consisted of the following:



	December 31, 2016		December 31, 2015
Restricted cash, short-term	$	2,400	$	—
Time deposits	403		30,181
Other long-term security deposits	239		238
Total	$	3,042	$	30,419

As of December 31, 2015 time deposits consisted of a bank deposit of $30,181, earning interest at the rate of 0.74% placed with the Company’s Cyprus entity’s bank accounts in the United Kingdom. The deposit matured on March 11, 2016.

- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

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