CASH AND CASH EQUIVALENTS AND SHORT TERM INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2016

Summary of Short-term Investments

The following table summarizes short-term investments as of March 31, 2016 and December 31, 2015:

	2016		2015
	March 31		December 31
	(In thousands)
Investments in mutual funds at fair value	$	97,435	$	126,479
Term deposits with banks		328,248		413,566
Total	$	425,683	$	540,045