FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2021

FAIR VALUE MEASUREMENTS [Abstract]

Fair Values of Assets and Liabilities

Assets and liabilities measured or reported at fair value on a recurring basis are summarized below:

	Fair value measurement as of December 31, 2020
	Quoted prices in active markets for identical assets (Level 1) $			Significant other observable inputs (Level 2) $		Unobservable inputs (Level 3) $		Total $
Held to maturity investments		100,071			–		286		100,357
Available-for-sale investments		5,688			–		21,357		27,045
Equity securities		76,000			–		–		76,000
Other assets		–			–		19,024		19,024
Share appreciation rights		(11,640	)		–		–		(11,640	)
		170,119			–		40,667		210,786

	Fair value measurement as of December 31, 2021
	Quoted prices in active markets for identical assets (Level 1) $			Significant other observable inputs (Level 2) $		Unobservable inputs (Level 3) $		Total $
Held to maturity investments		937,741			–		450		938,191
Available-for-sale investments		185,929			–		34,376		220,305
Equity securities		13,184			–		–		13,184
Investments carried at fair value		–			–		178,298		178,298
Other assets		–			–		11,711		11,711
Derivative assets(1)		–			694		–		694
Share appreciation rights		(15,401	)		–		–		(15,401	)
		1,121,453			694		224,835		1,346,982

⁽¹⁾ Included in accrued expenses and other assets in the consolidated balance sheets and not designated as hedges.

Reconciliations of Assets and Liabilities Categorized within Level 3

Reconciliations of assets and liabilities categorized within Level 3 under the fair value hierarchy are as follow:

	$
Available-for-sale investments
Balance as of January 1, 2019		70,374
Addition		72,000
Net investment loss included in earnings		(1,087	)
Net unrealized loss included in other comprehensive income		(12,869	)
Balance as of December 31, 2019		128,418
Addition		20,429
Conversion into ordinary shares of investees		(72,000	)
Net investment loss included in earnings		(51,000	)
Net unrealized loss included in other comprehensive income		(4,490	)
Balance as of December 31, 2020		21,357
Addition		35,298
Conversion into ordinary shares of investee		(21,340	)
Net unrealized loss included in other comprehensive income		(958	)
Translation gain included in other comprehensive income		19
Balance as of December 31, 2021		34,376

Investments carried at fair value
Balance as of January 1, 2019, January 1, 2020 and December 31, 2020	–
Addition	151,227
Net investment gain included in earnings	27,071
Balance as of December 31, 2021	178,298

Other assets
Balance as of January 1, 2019 and January 1, 2020	–
Acquisition of subsidiaries	8,860
Additions	13,340
Disposals	(363	)
Write-down included in earnings	(3,713	)
Foreign exchange gain included in earnings	900
Balance as of December 31, 2020	19,024
Additions	186
Disposals	(3,513	)
Write-down included in earnings	(3,627	)
Foreign exchange loss included in earnings	(359	)
Balance as of December 31, 2021	11,711