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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis:
 
June 30, 2018
 
Quoted market
prices in active
markets for
identical assets
(level 1)
 
Significant
other
observable
inputs
(level 2)
 
Significant
unobservable
inputs
(level 3)
 
Total
fair value
measurements
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
243,357

 
$

 
$

 
$
243,357

Certificates of deposit

 
960

 

 
960

Total
$
243,357

 
$
960

 
$

 
$
244,317

 
December 31, 2017
 
Quoted market
prices in active
markets for
identical assets
(level 1)
 
Significant
other
observable
inputs
(level 2)
 
Significant
unobservable
inputs
(level 3)
 
Total
fair value
measurements
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
189,207

 
$

 
$

 
$
189,207

Treasury discount notes
500

 

 

 
500

Certificates of deposit

 
6,195

 

 
6,195

Total
$
189,707

 
$
6,195

 
$

 
$
195,902

Schedule of Carrying Value and Fair Value of Financial Instruments
The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:
 
June 30, 2018
 
December 31, 2017
 
Carrying value
 
Fair value
 
Carrying value
 
Fair value
 
(In thousands)
Current portion of long term debt
$
(13,750
)
 
$
(13,613
)
 
$
(13,750
)
 
$
(13,802
)
Long-term debt, net
(251,740
)
 
(251,831
)
 
(258,312
)
 
(262,230
)
Current portion of long-term debt—related party

 

 
(816
)
 
(837
)
Long-term debt—related party, net
(1,576
)
 
(1,743
)
 
(1,997
)
 
(2,048
)