FAIR VALUE MEASUREMENT (Tables)

12 Months Ended

Dec. 31, 2018

FAIR VALUE MEASUREMENT

Schedule of financial assets and liabilities measured at fair value on a recurring basis

The following table sets out the Company's financial assets measured at fair value on a recurring basis as at December 31, 2018 using the fair value hierarchy:

	Level 1		Level 2		Level 3		Total
Financial assets:
Trade receivables	$	—	$	10,055	$	—	$	10,055
Equity securities		61,245		15,287		—		76,532
Fair value of derivative financial instruments		—		180		—		180
Total financial assets	$	61,245	$	25,522	$	—	$	86,767
Financial liabilities:
Fair value of derivative financial instruments	$	—	$	8,325	$	—	$	8,325
Total financial liabilities	$	—	$	8,325	$	—	$	8,325

The following table sets out the Company’s financial assets and liabilities measured at fair value on a recurring basis as at December 31, 2017 using the fair value hierarchy:

	Level 1		Level 2		Level 3		Total
Financial assets:
Trade receivables	$	—	$	12,000	$	—	$	12,000
Equity securities		110,664		12,111		—		122,775
Fair value of derivative financial instruments		—		17,240		—		17,240
Total financial assets	$	110,664	$	41,351	$	—	$	152,015