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ACQUISITIONS AND DISPOSALS (Tables)
12 Months Ended
Dec. 31, 2020
ACQUISITIONS AND DISPOSALS [Abstract]  
Allocation of Purchase Price
The allocation of the purchase price as of the date of acquisition is summarized as follows:

 
_$
 
       
Cash and cash equivalent
   
94,587
 
Prepaid expense and other assets
   
16,290
 
Loans receivable, net of allowance for credit losses of $26,410
   
196,904
 
Long-term investments
   
34,360
 
Identifiable intangible assets (i)
   
27,376
 
Others
   
6,635
 
Total assets acquired
   
376,152
 
         
Accrued expenses, payables and liabilities
   
(237,987
)
Borrowings
   
(29,923
)
Others
   
(2,044
)
Total liabilities assumed
   
(269,954
)
Net assets acquired
   
106,198
 
         
Fulfilled by:
       
Cash consideration
   
263,074
 
Fair value of non-controlling interests (ii)
   
39,594
 
Fair value of previously held interests (iii)
   
4,103
 
Goodwill
   
200,573
 

(i)
Acquired intangible assets had estimated amortization periods not exceeding eight years.

(ii)
Fair value of non-controlling interests was estimated with reference to the recent purchase price per share as of the acquisition date.

(iii)
Fair value of previously held interests was estimated based on the purchase consideration payable to similar instruments and recorded a gain of $3,003 in the consolidated statements of operations for the year ended December 31, 2020.