FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize assets that are measured at fair value on a recurring basis as of December 31, 2019 and 2018 (in thousands):



			Fair Value Measurement at Reporting Date Using
	December 31, 2019		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Fair value option investments	$	1,405	$	—	$	—	$	1,405
Available-for-sale securities - redeemable preferred shares	—		—		—		—
Liabilities:
Contingent consideration	1,298		—		—		1,298



			Fair Value Measurement at Reporting Date Using
	December 31, 2018		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Fair value option investments	$	73,902	$	—	$	—	$	73,902
Available-for-sale securities - redeemable preferred shares	10,340		—		—		10,340
Liabilities:
Contingent consideration	1,529		—		—		1,529

Fair Value, Assets and Liabilities, Reconciliation of Level 3 Inputs

The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for the years ended December 31, 2019, 2018 and 2017 (in thousands):



	Year Ended December 31,
	2019			2018			2017
Assets
Fair value option investments:
Beginning Balance	$	73,902		$	82,966		$	82,584
Total gains (losses) included in earnings	(72,497		)	(9,064		)	382
Ending Balance	$	1,405		$	73,902		$	82,966
Unrealized (losses) gains still held ⁽¹⁾	$	(72,497	)	$	(9,064	)	$	382
Available-for-sale securities
Convertible debt securities:
Beginning Balance	$	—		$	11,354		$	10,038
Purchases and acquisition of convertible debt securities	—			—			1,612
Proceeds from sales and maturities of convertible debt securities	—			(8,594		)	(1,843		)
Transfer to other equity method investment upon conversion of convertible debt security	—			(4,008		)	—
Total gains (losses) included in other comprehensive income (loss)	—			(1,148		)	(437		)
Total gains (losses) included in earnings⁽²⁾	—			2,396			1,984
Ending Balance	$	—		$	—		$	11,354
Unrealized gains (losses) still held ⁽¹⁾	$	—		$	—		$	1,303
Redeemable preferred shares:
Beginning Balance	$	10,340		$	15,431		$	17,444
Total gains (losses) included in other comprehensive income (loss)	(379		)	379			931
Impairments included in earnings	(9,961		)	(5,470		)	(2,944		)
Ending Balance	$	—		$	10,340		$	15,431
Unrealized gains (losses) still held ⁽¹⁾	$	(10,340	)	$	(5,091	)	$	(2,013	)

Liabilities
Contingent Consideration:
Beginning Balance	$	1,529		$	—		$	14,588
Issuance of contingent consideration in connection with acquisitions	—			1,589			—
Settlements of contingent consideration liabilities	(312		)	—			(7,858		)
Reclass to non-fair value liabilities when no longer contingent	—			—			(6,778		)
Total losses (gains) included in earnings	39			56			48
Foreign currency translation	42			(116		)	—
Ending Balance	$	1,298		$	1,529		$	—
Unrealized losses (gains) still held ⁽¹⁾	$	39		$	56		$	—


(1)	Represents the unrealized gains or losses recorded in earnings and/or other comprehensive income (loss) during the period for assets and liabilities classified as Level 3 that are still held (or outstanding) at the end of the period.

(2)

Represents a gain at maturity of a previously impaired convertible debt security, accretion of interest income and changes in the fair value of an embedded derivative.