FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2018

Financial Assers and Liabilities Measured at Fair Value on Recurring Basis

The following table shows the fair values of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2018:



	As of September 30, 2018
	Balance		Level 1		Level 2		Level 3
Foreign exchange derivative assets	$	114	$	—	$	114	$	—
Total assets measured at fair value on a recurring basis	$	114	$	—	$	114	$	—

Contingent consideration	$	1,500	$	—	$	—	$	1,500
Foreign exchange derivative liabilities	2,806		—		2,806		—
Total liabilities measured at fair value on a recurring basis	$	4,306	$	—	$	2,806	$	1,500

A reconciliation of the beginning and ending balances of acquisition-related contractual contingent liabilities using significant unobservable inputs (Level 3) for the nine months ended September 30, 2018 is as follows:



	Amount
Contractual contingent liabilities at December 31, 2017	$	—
Acquisition date fair value of contractual contingent liabilities — Continuum (Note 2)	2,400
Changes in fair value of contractual contingent liabilities included in Interest and other income, net	(900		)
Contractual contingent liabilities at September 30, 2018	$	1,500

Reported Amounts and Estimated Fair Values of the Financial Assets and Liabilities Requiring Fair Value Disclosure

The following tables present the reported amounts and estimated fair values of the financial assets and liabilities for which disclosure of fair value is required, as they would be categorized within the fair value hierarchy, as of the dates indicated:



					Fair Value Hierarchy
	Balance		Estimated Fair Value		Level 1		Level 2		Level 3
September 30, 2018
Financial Assets:
Cash and cash equivalents	$	685,108	$	685,108	$	685,108	$	—	$	—
Restricted cash	$	1,193	$	1,193	$	1,193	$	—	$	—
Employee loans	$	3,745	$	3,745	$	—	$	—	$	3,745
Financial Liabilities:
Borrowings under the 2017 Credit Facility	$	25,016	$	25,016	$	—	$	25,016	$	—



					Fair Value Hierarchy
	Balance		Estimated Fair Value		Level 1		Level 2		Level 3
December 31, 2017
Financial Assets:
Cash and cash equivalents	$	582,585	$	582,585	$	582,585	$	—	$	—
Time deposits and restricted cash	$	673	$	673	$	—	$	673	$	—
Employee loans	$	4,210	$	4,210	$	—	$	—	$	4,210
Financial Liabilities:
Borrowings under the 2017 Credit Facility	$	25,009	$	25,009	$	—	$	25,009	$	—