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FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2016
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 June 30, 2016 and December 31, 2015. 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):
 
June 30, 2016
 
(unaudited)
 
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
$
—

 
$
—

 
$
7,626

 
$
7,626

Net investment hedge
$
—

 
$
(4,324
)
 
$
—

 
$
(4,324
)
 
December 31, 2015
 
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
$
—

 
$
—

 
$
3,638

 
$
3,638

Net investment hedge
$
—

 
$
(4,567
)
 
$
—

 
$
(4,567
)
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):
 
Six Months Ended
June 30, 2016
 
 
(unaudited)
 
Balance, beginning of period
$
3,638

 
Accretion of liability
144

 
Revaluation
2,184

 
Acquisitions
1,660

 
Balance, end of period
$
7,626