FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present the fair values of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019:

	As of September 30, 2020
	Balance		Level 1		Level 2		Level 3
Foreign exchange derivative assets	$	936	$	—	$	936	$	—
Total assets measured at fair value on a recurring basis	$	936	$	—	$	936	$	—
Foreign exchange derivative liabilities	$	3,689	$	—	$	3,689	$	—
Contingent consideration	5,913		—		—		5,913
Total liabilities measured at fair value on a recurring basis	$	9,602	$	—	$	3,689	$	5,913

	As of December 31, 2019
	Balance		Level 1		Level 2		Level 3
Foreign exchange derivative assets	$	1,910	$	—	$	1,910	$	—
Total assets measured at fair value on a recurring basis	$	1,910	$	—	$	1,910	$	—
Foreign exchange derivative liabilities	$	243	$	—	$	243	$	—
Contingent consideration	10,495		—		—		10,495
Total liabilities measured at fair value on a recurring basis	$	10,738	$	—	$	243	$	10,495

Acquisition-Related Contingent Consideration Roll Forward

A reconciliation of the beginning and ending balances of Level 3 acquisition-related contingent consideration using significant unobservable inputs for the nine months ended September 30, 2020 is as follows:

	Amount
Contingent consideration liabilities as of January 1, 2020	$	10,495
Payment of contingent consideration for previously acquired business	(7,869)
Acquisition date fair value of contingent consideration — 2020 Acquisitions (Note 2)	5,292
Changes in fair value of contingent consideration included in Interest and other income, net	(1,480)
Effect of net foreign currency exchange rate changes	(525)
Contingent consideration liabilities as of September 30, 2020	$	5,913

Estimated Fair Values of Financial Assets and Liabilities not Measured at Fair Value on Recurring Basis

The following tables present the estimated fair values of the Company’s financial assets and liabilities not measured at fair value on a recurring basis as of the dates indicated:

					Fair Value Hierarchy
	Balance		Estimated Fair Value		Level 1		Level 2		Level 3
September 30, 2020
Financial Assets:
Cash equivalents:
Money market funds	$	171,903	$	171,903	$	171,903	$	—	$	—
Total cash equivalents	$	171,903	$	171,903	$	171,903	$	—	$	—
Restricted cash	$	1,158	$	1,158	$	1,158	$	—	$	—
Time deposits	$	60,089	$	60,089	$	—	$	60,089	$	—
Employee loans	$	1,168	$	1,168	$	—	$	—	$	1,168
Financial Liabilities:
Borrowings under the 2017 Credit Facility	$	25,006	$	25,006	$	—	$	25,006	$	—

					Fair Value Hierarchy
	Balance		Estimated Fair Value		Level 1		Level 2		Level 3
December 31, 2019
Financial Assets:
Cash equivalents:
Money market funds	$	407,817	$	407,817	$	407,817	$	—	$	—
Time deposits	10,002		10,002		—		10,002		—
Total cash equivalents	$	417,819	$	417,819	$	407,817	$	10,002	$	—
Restricted cash	$	1,136	$	1,136	$	1,136	$	—	$	—
Employee loans	$	2,434	$	2,434	$	—	$	—	$	2,434
Financial Liabilities:
Borrowings under the 2017 Credit Facility	$	25,017	$	25,017	$	—	$	25,017	$	—