FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Outstanding Measured at Fair Value on Recurring and Nonrecurring Basis

The following table presents the financial instruments outstanding as of December 31, 2015 and 2014 that are measured at fair value on recurring basis and financial instruments that are not measured at fair value on a recurring basis.

	December 31, 2015
	Carrying Amount			Fair Value			Level 1		Level 2			Level 3
	(In thousands)
Recurring
Forward contracts	$	(28,784	)	$	(28,784	)	$	-	$	(28,784	)	$	-
Non-recurring
Cash and cash equivalents		664,844			664,844			664,844		-			-
Restricted cash and cash equivalents		116,801			116,801			116,801		-			-
Debt		(843,883	)		(777,634	)		-		(707,492	)		(70,142	)
	December 31, 2014
	Carrying Amount			Fair Value			Level 1		Level 2			Level 3
	(In thousands)
Recurring
Forward contracts	$	(46,912	)	$	(46,912	)	$	-	$	(46,912	)	$	-
Non-recurring
Cash and cash equivalents		665,309			665,309			665,309		-			-
Restricted cash and cash equivalents		187,585			187,585			187,585		-			-
Debt		(864,469	)		(737,980	)		-		(641,487	)		(96,493	)