CASH AND CASH EQUIVALENTS AND SHORT TERM INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 2016

Summary of Short-term Investments

The following table summarizes short-term investments as of September 30, 2016 and December 31, 2015:

	2016		2015
	September 30		December 31
	(In thousands)
Investments in mutual funds at fair value	$	14,811	$	126,479
Term deposits with banks		8,339		413,566
Total	$	23,150	$	540,045