LONG-TERM DEPOSITS

12 Months Ended

Dec. 31, 2015

Deposit Assets Disclosure [Abstract]

LONG-TERM DEPOSITS

12. LONG-TERM DEPOSITS

Long term deposits consist of the following:

	As of December 31,
	2014		2015
Concession fee deposits	$	8,195	$	4,527
Office rental deposits		316		352
	$	8,511	$	4,879

Concession fee deposits normally have terms of three to five years and are refundable at the end of the concession terms. Office rental deposits normally have terms of two to three years and are refundable at the end of the lease term.

The long term deposits are not within the scope of the accounting guidance regarding interests on receivables and payables, because they are intended to provide security for the counterparty to the concession rights or office rental agreements. Therefore, the deposits are recorded at cost.