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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table sets forth the fair value of the Company’s financial assets, by level within the fair value hierarchy (in thousands):
 
 
June 30, 2017
 
Level 1
 
Level 2
 
Level 3
 
Total
Financial Assets:
 
 
 
 
 
 
 
Money market funds(1)
$
219,296

 
$
—

 
$
—

 
$
219,296

 
 
 
 
 
 
 
 
Equity:
 
 
 
 
 
 
 
Acquisition-related contingent consideration(2)
$
—

 
$
—

 
$
5,142

 
$
5,142


 
December 31, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
Financial Assets:
 
 
 
 
 
 
 
Money market funds(1)
$
81,878

 
$
—

 
$
—

 
$
81,878

 
(1)
The Company held certain assets that are required to be measured at fair value on a recurring basis, included in cash equivalents, which are held in money market funds. All such assets as of June 30, 2017 and December 31, 2016 were recorded based on Level 1 inputs.