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FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on Recurring Basis
The following table sets forth, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis as of September 30, 2017 and December 31, 2016. As required by ASC 820, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):
 
September 30, 2017
 
(unaudited)
 
Quoted Prices
in Active
Markets for
Identical
Items (Level 1)
 
Significant
Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
 
Total
Liabilities:
 
 
 
Contingent consideration1
$
—

 
$
—

 
$
1,648

 
$
1,648

Net investment hedge
$
—

 
$
(3,450
)
 
$
—

 
$
(3,450
)
Embedded derivative in convertible debt

$
—

 
$
15,120

 
$
—

 
$
15,120

 
December 31, 2016
 
Quoted Prices
in Active
Markets for
Identical
Items (Level 1)
 
Significant
Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
 
Total
Liabilities:
 
 
 
Contingent consideration1
$
—

 
$
—

 
$
3,739

 
$
3,739

Net investment hedge
$
—

 
$
(5,048
)
 
$
—

 
$
(5,048
)

__________________________
1    Inclusive of both current and noncurrent portions.
Summary of Changes in Fair Value of Level 3 Contingent Consideration
The following table represents the changes in the fair value of Level 3 contingent consideration liabilities (in thousands):
 
Nine Months Ended
September 30, 2017
 
(unaudited)
Balance, beginning of period
$
3,739

Accretion of liability
181

Foreign currency effects
180

Payment
(1,278
)
Revaluation
(1,174
)
Balance, end of period
$
1,648