FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2019

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 December 31, 2019 and 2018. 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):

	December 31, 2019
	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	$	—	$	—		$	—	$	—
Net investment hedge	$	—	$	(4,186	)	$	—	$	(4,186	)

	December 31, 2018
	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	$	—	$	—		$	429	$	429
Net investment hedge	$	—	$	(3,904	)	$	—	$	(3,904	)
Embedded derivative in convertible debt2	$	—	$	—		$	—	$	—

__________________________

1 The contingent consideration liability balance was fully paid in 2019, thus no balance exists as of December 31, 2019.

2 The embedded derivative liability was reclassified to stockholders’ equity as of May 17, 2018 and is no longer marked to fair value each period, as discussed in Note 9.

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 (in thousands):

	Twelve Months Ended December 31,
	2019			2018
Beginning balance	$	429		$	1,712
Accretion of liability	—			39
Foreign currency effects	(1		)	(14		)
Payment	(428		)	(1,106		)
Revaluation	—			(202		)
Ending balance	$	—		$	429