FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2016

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 September 30, 2016 and December 31, 2015 that are measured at fair value on a recurring basis and financial instruments that are not measured at fair value on a recurring basis.

	September 30, 2016
	Carrying Amount			Fair Value			Level 1		Level 2			Level 3
	(In thousands)
Recurring
Forward contracts	$	(5,026	)	$	(5,026	)	$	-	$	(5,026	)	$	-
Non-recurring
Cash and cash equivalents		500,456			500,456			500,456		-			-
Restricted cash and cash equivalents		99,632			99,632			99,632
Debt		(754,392	)		(746,820	)		-		(693,716	)		(53,104	)
	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	)