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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table tables show the fair values of the Company’s financial assets and liabilities measured at fair value as of December 31, 2015 and 2014:
 
 
As of December 2015
 
 
Balance
 
Level 1
 
Level 2
 
Level 3
Cash and cash equivalents
 
199,449

 
199,449

 

 

Time deposits and restricted cash
 
30,419

 

 
30,419

 

Employee loans
 
6,338

 

 

 
6,338

Total assets measured at fair value
 
$
236,206

 
$
199,449

 
$
30,419

 
$
6,338

 
 
 
 
 
 
 
 
 
Contingent consideration
 

 

 

 

Performance-based equity awards
 
5,364

 

 

 
5,364

Total liabilities measured at fair value
 
$
5,364

 
$

 
$

 
$
5,364

 
 
As of December 2014
 
 
Balance
 
Level 1
 
Level 2
 
Level 3
Cash and cash equivalents
 
220,534

 
220,534

 

 

Time deposits and restricted cash
 
156

 

 
156

 

Employee loans
 
6,515

 

 

 
6,515

Total assets measured at fair value
 
$
227,205

 
$
220,534

 
$
156

 
$
6,515

 
 
 
 
 
 
 
 
 
Contingent consideration
 
37,400

 

 

 
37,400

Performance-based equity awards
 
3,223

 

 

 
3,223

Total liabilities measured at fair value
 
$
40,623

 
$

 
$

 
$
40,623

Reconciliation of Liabilities Measured on Recurring Basis, Unobservable Input
A reconciliation of the beginning and ending balances of acquisition-related contractual contingent liabilities using significant unobservable inputs (Level 3) for the years ended December 31, 2015 and 2014, was as follows:
 
 
Amount
Contractual contingent liabilities at January 1, 2014
 
$

Acquisition date fair value of contractual contingent liabilities — Netsoft
 
1,825

Acquisition date fair value of contractual contingent liabilities — Jointech
 
20,000

Acquisition date fair value of contractual contingent liabilities — GGA
 
11,400

Acquisition date fair value of contractual contingent liabilities — Great Fridays
 
1,173

Liability-classified stock-based awards
 
3,088

Changes in fair value of contractual contingent liabilities included in earnings
 
2,059

Changes in fair value of contractual contingent liabilities recorded against goodwill
 
1,366

Effect of net foreign currency exchange rate changes
 
(288
)
Settlements of contractual contingent liabilities
 

Contractual contingent liabilities at December 31, 2014
 
$
40,623

Liability-classified stock-based awards
 
5,148

Changes in fair value of contractual contingent liabilities included in earnings
 
4,355

Changes in fair value of contractual contingent liabilities recorded against goodwill
 

Effect of net foreign currency exchange rate changes
 
246

Settlements of contractual contingent liabilities
 
(45,008
)
Contractual contingent liabilities at December 31, 2015
 
$
5,364