Monster Beverage (MNST) 10-Q 8 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 30, 2019
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Entity File Number	001-18761
Document Transition Report	false
Entity Registrant Name	MONSTER BEVERAGE CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-1809393
Entity Address, Address Line One	1 Monster Way
Entity Address, City or Town	Corona
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92879
City Area Code	951
Local Phone Number	739 - 6200
Title of 12(b) Security	Common Stock
Trading Symbol	MNST
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		537,681,684
Entity Central Index Key	0000865752
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 717,617	$ 637,513
Short-term investments	587,356	320,650
Accounts receivable, net	647,983	484,562
Inventories	317,745	277,705
Prepaid expenses and other current assets	58,390	44,909
Prepaid income taxes	31,669	38,831
Total current assets	2,360,760	1,804,170
INVESTMENTS	14,370
PROPERTY AND EQUIPMENT, net	251,760	243,051
DEFERRED INCOME TAXES, net	85,148	85,687
GOODWILL	1,331,643	1,331,643
OTHER INTANGIBLE ASSETS, net	1,047,473	1,045,878
OTHER ASSETS	46,212	16,462
Total Assets	5,137,366	4,526,891
CURRENT LIABILITIES:
Accounts payable	304,773	248,760
Accrued liabilities	112,318	112,507
Accrued promotional allowances	197,239	145,741
Deferred revenue	43,805	44,045
Accrued compensation	35,747	39,903
Income taxes payable	20,334	10,189
Total current liabilities	714,216	601,145
DEFERRED REVENUE	292,101	312,224
OTHER LIABILITIES	23,071	2,621
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 1,250,000 shares authorized; 636,235 shares issued and 540,591 shares outstanding as of September 30, 2019; 630,970 shares issued and 543,676 shares outstanding as of December 31, 2018	3,181	3,155
Additional paid-in capital	4,370,280	4,238,170
Retained earnings	4,767,526	3,914,645
Accumulated other comprehensive loss	(43,083)	(32,864)
Common stock in treasury, at cost; 95,644 shares and 87,294 shares as of September 30, 2019 and December 31, 2018, respectively	(4,989,926)	(4,512,205)
Total stockholders' equity	4,107,978	3,610,901
Total Liabilities and Stockholders' Equity	$ 5,137,366	$ 4,526,891

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Sep. 30, 2019	Dec. 31, 2018
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized	1,250,000	1,250,000
Common stock, shares issued	636,235	630,970
Common stock, shares outstanding	540,591	543,676
Common stock in treasury, shares	95,644	87,294

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 1,133,577	$ 1,016,160	$ 3,183,613	$ 2,882,953
COST OF SALES	460,575	408,501	1,275,796	1,139,780
GROSS PROFIT	673,002	607,659	1,907,817	1,743,173
OPERATING EXPENSES	277,559	268,086	821,923	766,065
OPERATING INCOME	395,443	339,573	1,085,894	977,108
INTEREST and OTHER INCOME, net	3,121	2,988	8,835	5,269
INCOME BEFORE PROVISION FOR INCOME TAXES	398,564	342,561	1,094,729	982,377
PROVISION FOR INCOME TAXES	99,641	74,828	241,848	228,480
NET INCOME	$ 298,923	$ 267,733	$ 852,881	$ 753,897
NET INCOME PER COMMON SHARE:
Basic (in dollars per share)	$ 0.55	$ 0.48	$ 1.57	$ 1.35
Diluted (in dollars per share)	$ 0.55	$ 0.48	$ 1.56	$ 1.33
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS :
Basic (in shares)	544,469	552,694	543,804	559,472
Diluted (in shares)	548,422	559,955	548,387	566,791

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported	$ 298,923	$ 267,733	$ 852,881	$ 753,897
Other comprehensive loss:
Change in foreign currency translation adjustment	(14,359)	(4,463)	(10,586)	(13,728)
Available-for-sale investments:
Change in net unrealized gains	32	(118)	367	610
Net change in available-for-sale investments	32	(118)	367	610
Other comprehensive loss	(14,327)	(4,581)	(10,219)	(13,118)
Comprehensive income	$ 284,596	$ 263,152	$ 842,662	$ 740,779

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury stock	Total
Balance at Dec. 31, 2017	$ 3,146	$ 4,150,628	$ 2,928,226	$ (16,659)	$ (3,170,129)	$ 3,895,212
Balance (in shares) at Dec. 31, 2017	629,255				(62,957)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		13,439				13,439
Exercise of stock options	$ 4	6,498				6,502
Exercise of stock options (in shares)	669
Unrealized gain on available-for- sale securities				215		215
ASU No. 2016-16 adoption | ASU 2016-16			(6,585)			(6,585)
Repurchase of common stock					$ (251,949)	(251,949)
Repurchase of common stock (in shares)					(4,362)
Foreign currency translation				2,723		2,723
Net income			216,050			216,050
Balance at Mar. 31, 2018	$ 3,150	4,170,565	3,137,691	(13,721)	$ (3,422,078)	3,875,607
Balance (in shares) at Mar. 31, 2018	629,924				(67,319)
Balance at Dec. 31, 2017	$ 3,146	4,150,628	2,928,226	(16,659)	$ (3,170,129)	3,895,212
Balance (in shares) at Dec. 31, 2017	629,255				(62,957)
Increase (Decrease) in Stockholders' Equity
Unrealized gain on available-for- sale securities						610
Foreign currency translation						(13,728)
Net income						753,897
Balance at Sep. 30, 2018	$ 3,154	4,219,628	3,675,540	(29,777)	$ (3,975,278)	3,893,267
Balance (in shares) at Sep. 30, 2018	630,825				(77,873)
Balance at Mar. 31, 2018	$ 3,150	4,170,565	3,137,691	(13,721)	$ (3,422,078)	3,875,607
Balance (in shares) at Mar. 31, 2018	629,924				(67,319)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		14,906				14,906
Exercise of stock options	$ 2	7,112				7,114
Exercise of stock options (in shares)	406
Unrealized gain on available-for- sale securities				513		513
Adjustment to excess tax benefits from prior periods		2,093				2,093
Repurchase of common stock					$ (553,200)	(553,200)
Repurchase of common stock (in shares)					(10,554)
Foreign currency translation				(11,988)		(11,988)
Net income			270,116			270,116
Balance at Jun. 30, 2018	$ 3,152	4,194,676	3,407,807	(25,196)	$ (3,975,278)	3,605,161
Balance (in shares) at Jun. 30, 2018	630,330				(77,873)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		14,091				14,091
Exercise of stock options	$ 2	10,861				10,863
Exercise of stock options (in shares)	495
Unrealized gain on available-for- sale securities				(118)		(118)
Foreign currency translation				(4,463)		(4,463)
Net income			267,733			267,733
Balance at Sep. 30, 2018	$ 3,154	4,219,628	3,675,540	(29,777)	$ (3,975,278)	3,893,267
Balance (in shares) at Sep. 30, 2018	630,825				(77,873)
Balance at Dec. 31, 2018	$ 3,155	4,238,170	3,914,645	(32,864)	$ (4,512,205)	3,610,901
Balance (in shares) at Dec. 31, 2018	630,970				(87,294)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		15,324				15,324
Exercise of stock options	$ 19	35,144				35,163
Exercise of stock options (in shares)	3,871
Unrealized gain on available-for- sale securities				120		120
Repurchase of common stock					$ (222,792)	(222,792)
Repurchase of common stock (in shares)					(4,000)
Foreign currency translation				(1,381)		(1,381)
Net income			261,485			261,485
Balance at Mar. 31, 2019	$ 3,174	4,288,638	4,176,130	(34,125)	$ (4,734,997)	3,698,820
Balance (in shares) at Mar. 31, 2019	634,841				(91,294)
Balance at Dec. 31, 2018	$ 3,155	4,238,170	3,914,645	(32,864)	$ (4,512,205)	3,610,901
Balance (in shares) at Dec. 31, 2018	630,970				(87,294)
Increase (Decrease) in Stockholders' Equity
Unrealized gain on available-for- sale securities						367
Foreign currency translation						(10,586)
Net income						852,881
Balance at Sep. 30, 2019	$ 3,181	4,370,280	4,767,526	(43,083)	$ (4,989,926)	4,107,978
Balance (in shares) at Sep. 30, 2019	636,235				(95,644)
Balance at Mar. 31, 2019	$ 3,174	4,288,638	4,176,130	(34,125)	$ (4,734,997)	3,698,820
Balance (in shares) at Mar. 31, 2019	634,841				(91,294)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		15,575				15,575
Exercise of stock options	$ 6	45,964				45,970
Exercise of stock options (in shares)	1,288
Unrealized gain on available-for- sale securities				215		215
Repurchase of common stock					$ (621)	(621)
Repurchase of common stock (in shares)					(10)
Foreign currency translation				5,154		5,154
Net income			292,473			292,473
Balance at Jun. 30, 2019	$ 3,180	4,350,177	4,468,603	(28,756)	$ (4,735,618)	4,057,586
Balance (in shares) at Jun. 30, 2019	636,129				(91,304)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		15,991				15,991
Exercise of stock options	$ 1	4,112				4,113
Exercise of stock options (in shares)	106
Unrealized gain on available-for- sale securities				32		32
Repurchase of common stock					$ (254,308)	(254,308)
Repurchase of common stock (in shares)					(4,340)
Foreign currency translation				(14,359)		(14,359)
Net income			298,923			298,923
Balance at Sep. 30, 2019	$ 3,181	$ 4,370,280	$ 4,767,526	$ (43,083)	$ (4,989,926)	$ 4,107,978
Balance (in shares) at Sep. 30, 2019	636,235				(95,644)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 852,881	$ 753,897
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	47,843	42,469
Gain on disposal of property and equipment	(7)	(634)
Stock-based compensation	46,890	42,436
Deferred income taxes	540	(76)
Effect on cash of changes in operating assets and liabilities:
Accounts receivable	(179,838)	(181,683)
Distributor receivables	5,813	7,803
Inventories	(44,947)	(10,338)
Prepaid expenses and other assets	(16,121)	(16,465)
Prepaid income taxes	6,174	96,462
Accounts payable	69,480	39,641
Accrued liabilities	(9,592)	16,516
Accrued promotional allowances	55,799	48,682
Accrued distributor terminations	6	703
Accrued compensation	(3,901)	(4,357)
Income taxes payable	10,311	(1,383)
Other liabilities	(631)	1,628
Deferred revenue	(19,631)	(13,941)
Net cash provided by operating activities	821,069	821,360
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of available-for-sale investments	558,128	927,410
Purchases of available-for-sale investments	(835,964)	(711,009)
Purchases of property and equipment	(44,392)	(49,862)
Proceeds from sale of property and equipment	810	4,009
Increase in intangibles	(5,478)	(6,275)
Increase in other assets	(1,289)	(10,125)
Net cash (used in) provided by investing activities	(328,185)	154,148
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on debt	(12,841)	(1,482)
Issuance of common stock	85,245	24,481
Purchases of common stock held in treasury	(477,721)	(805,149)
Net cash used in financing activities	(405,317)	(782,150)
Effect of exchange rate changes on cash and cash equivalents	(7,463)	(8,266)
NET INCREASE IN CASH AND CASH EQUIVALENTS	80,104	185,092
CASH AND CASH EQUIVALENTS, beginning of period	637,513	528,622
CASH AND CASH EQUIVALENTS, end of period	717,617	713,714
Cash paid during the period for:
Interest	306	44
Income taxes	$ 226,883	$ 134,377

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS (Parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS NON-CASH SUPPLEMENTAL DATA
Accrued liabilities for other intangible assets	$ 8.6	$ 10.9
Accrued liabilities for purchase short-term investment	$ 3

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2019
BASIS OF PRESENTATION
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION ​ Reference is made to the Notes to Consolidated Financial Statements, in Monster Beverage Corporation and Subsidiaries (the “Company”) Annual Report on Form 10-K for the year ended December 31, 2018 (“Form 10-K”) for a summary of significant accounting policies utilized by the Company and its consolidated subsidiaries and other disclosures, which should be read in conjunction with this Quarterly Report on Form 10-Q (“Form 10-Q”). ​ The Company’s condensed consolidated financial statements included in this Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and Securities and Exchange Commission (“SEC”) rules and regulations applicable to interim financial reporting. They do not include all the information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP. The information set forth in these interim condensed consolidated financial statements for the three- and nine-months ended September 30, 2019 and 2018, respectively, is unaudited and reflects all adjustments, which include only normal recurring adjustments and which in the opinion of management are necessary to make the interim condensed consolidated financial statements not misleading. Results of operations for periods covered by this report may not necessarily be indicative of results of operations for the full year. ​ The preparation of financial statements in conformity with GAAP necessarily requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2019
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS ​ Recently issued accounting pronouncements not yet adopted ​ In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-15, “Intangibles–Goodwill and Other–Internal–Use Software (Topic 350): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.” ASU No. 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract, with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. ASU No. 2018-15 is effective for the Company on a prospective or retrospective basis beginning on January 1, 2020, with early adoption permitted. The Company is currently evaluating the impact of ASU No. 2018-15 on its financial position, results of operations and liquidity. ​ In August 2018, the FASB issued ASU No. 2018-14, “Compensation–Retirement Benefits–Defined Benefit Plans–General (Topic 715): Disclosure Framework–Changes to the Disclosure Requirements for Defined Benefit Plans.” ASU No. 2018-14 removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and requires certain additional disclosures. ASU No. 2018-14 is effective for the Company on a retrospective basis beginning in the year ending December 31, 2020, with early adoption permitted. The Company is currently evaluating the impact of ASU No. 2018-14 on its financial position, results of operations and liquidity. ​ In August 2018, the FASB issued ASU No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement.” ASU No. 2018-13 removes certain disclosure requirements related to the fair value hierarchy, modifies existing disclosure requirements related to measurement uncertainty and adds new disclosure requirements. ASU No. 2018-13 disclosure requirements include disclosing the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. ASU No. 2018-13 is effective for the Company beginning on January 1, 2020, with early adoption permitted. Certain disclosures in the new guidance will need to be applied on a retrospective basis and others on a prospective basis. The Company is currently evaluating the impact of ASU No. 2018-13 on its financial position, results of operations and liquidity. ​ In January 2017, the FASB issued ASU No. 2017-04, "Intangibles and Other (Topic 350): Simplifying the Test for Goodwill Impairment", which eliminates the requirement to calculate the implied fair value of goodwill, but rather requires an entity to record an impairment charge based on the excess of a reporting unit's carrying value over its fair value. This amendment is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company is currently evaluating the impact of ASU No. 2017-04 on its financial position and results of operations. ​ In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. The accounting standard changes the methodology for measuring credit losses on financial instruments and the timing when such losses are recorded. ASU No. 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. The Company is currently evaluating the impact of ASU No. 2016-13 on its financial position, results of operations and liquidity. ​ Recently adopted accounting pronouncements ​ In February 2018, the FASB issued ASU No. 2018-02 (ASU No. 2018-02), “Income Statement - Reporting Comprehensive Income (Topic 220)”, which amended the previous guidance to allow for certain tax effects “stranded” in accumulated other comprehensive income, which are impacted by the Tax Reform Act signed into law on December 22, 2017, to be reclassified from accumulated other comprehensive income into retained earnings. This amendment pertains only to those items impacted by the new tax law and does not apply to any future tax effects stranded in accumulated other comprehensive income. This standard was effective for fiscal years beginning after December 15, 2018, and allowed for early adoption. The adoption of ASU No. 2018-02 did not have an impact on the Company’s financial position, results of operations and liquidity. ​ In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. ASU No. 2016-02 requires the recognition of lease assets and lease liabilities on the balance sheet for leases classified as operating leases under previous guidance. The accounting for finance leases (capital leases) was substantially unchanged. The original guidance required application on a modified retrospective basis with adjustments to the earliest comparative period presented. In August 2018, the FASB issued ASU No. 2018-11, “Targeted Improvements to ASC 842,” which included an option to not restate comparative periods in transition and elect to use the effective date of ASU No. 2016-02 as the date of initial application, which the Company elected. As a result, the consolidated balance sheet prior to January 1, 2019 was not restated, and continues to be reported under previous guidance that did not require the recognition of operating lease liabilities and corresponding lease assets on the consolidated balance sheet. With the adoption of ASU No. 2016-02 on January 1, 2019, the Company recorded operating lease right-of-use assets of $26.3 million and operating lease liabilities of $22.6 million. The adoption of ASU No. 2016-02 had an immaterial impact on the Company’s condensed consolidated statement of income and condensed consolidated statement of cash flows for the nine-month period ended September 30, 2019. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard, which allowed the Company to carry forward the historical lease classification, not reassess prior conclusions related to expired or existing contracts that are or that contain leases, and not reassess the accounting for initial direct costs. Additional information and disclosures required by ASU No. 2016-02 are contained in Note 4. ​

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2019
REVENUE RECOGNITION
REVENUE RECOGNITION	3. REVENUE RECOGNITION ​ The Company has three operating and reportable segments, (i) Monster Energy® Drinks segment (“Monster Energy® Drinks”), which is primarily comprised of the Company’s Monster Energy® drinks and Reign Total Body Fuel TM ​ The Company's Monster Energy® Drinks segment generates net operating revenues by selling ready-to-drink packaged energy drinks primarily to bottlers and full service beverage distributors. In some cases, the Company sells directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, drug stores, foodservice customers and the military. ​ The Company's Strategic Brands segment primarily generates net operating revenues by selling “concentrates” and/or “beverage bases” to authorized bottling and canning operations. Such bottlers generally combine the concentrates and/or beverage bases with sweeteners, water and other ingredients to produce ready-to-drink packaged energy drinks. The ready-to-drink packaged energy drinks are then sold by such bottlers to other bottlers and full service distributors and to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, foodservice customers, drug stores and the military. To a lesser extent, the Strategic Brands segment generates net operating revenues by selling certain ready-to-drink packaged energy drinks to bottlers and full service beverage distributors. ​ The majority of the Company's revenue is recognized when it satisfies a single performance obligation by transferring control of its products to a customer. Control is generally transferred when the Company's products are either shipped or delivered based on the terms contained within the underlying contracts or agreements. Certain of the Company's bottlers/distributors may also perform a separate function as a co-packer on the Company's behalf. In such cases, control of the Company's products passes to such bottlers/distributors when they notify the Company that they have taken possession or transferred the relevant portion of the Company's finished goods. The Company's general payment terms are short-term in duration. The Company does not have significant financing components or payment terms. The Company did not have any material unsatisfied performance obligations as of September 30, 2019 or December 31, 2018. ​ The Company excludes from revenues all taxes assessed by a governmental authority that are imposed on the sale of its products and collected from customers. ​ Distribution expenses to transport the Company's products, where applicable, and warehousing expense after manufacture are accounted for within operating expenses. ​ Promotional and other allowances (variable consideration) recorded as a reduction to net sales, primarily include consideration given to the Company's bottlers/distributors or retail customers including, but not limited to the following: ​ ● discounts granted off list prices to support price promotions to end-consumers by retailers; ● reimbursements given to the Company's bottlers/distributors for agreed portions of their promotional spend with retailers, including slotting, shelf space allowances and other fees for both new and existing products; ● the Company's agreed share of fees given to bottlers/distributors and/or directly to retailers for advertising, in-store marketing and promotional activities; ● the Company's agreed share of slotting, shelf space allowances and other fees given directly to retailers; ● incentives given to the Company's bottlers/distributors and/or retailers for achieving or exceeding certain predetermined sales goals; ● discounted or free products; ● contractual fees given to the Company's bottlers/distributors related to sales made directly by the Company to certain customers that fall within the bottlers’/distributors' sales territories; and ● commissions paid to TCCC based on the Company’s sales to certain wholly-owned subsidiaries of TCCC (the “TCCC Subsidiaries”) and/or to certain companies accounted for by TCCC under the equity method (“the TCCC Related Parties”). ​ The Company's promotional allowance programs with its bottlers/distributors and/or retailers are executed through separate agreements in the ordinary course of business. These agreements generally provide for one or more of the arrangements described above and are of varying durations, typically ranging from one week to one year. The Company's promotional and other allowances are calculated based on various programs with bottlers/distributors and retail customers, and accruals are established at the time of initial product sale for the Company's anticipated liabilities. These accruals are based on agreed upon terms as well as the Company's historical experience with similar programs and require management's judgment with respect to estimating consumer participation and/or distributor and retail customer performance levels. Differences between such estimated expenses and actual expenses for promotional and other allowance costs have historically been insignificant and are recognized in earnings in the period such differences are determined. ​ Amounts received pursuant to new and/or amended distribution agreements entered into with certain distributors relating to the costs associated with terminating the Company’s prior distributors, are accounted for as revenue ratably over the anticipated life of the respective distribution agreements, generally over 20 years. ​ The Company also enters into license agreements that generate revenues associated with third-party sales of non-beverage products bearing the Company’s trademarks including, but not limited to, clothing, hats, t-shirts, jackets, helmets and automotive wheels. ​ Disaggregation of Revenue ​ The following tables disaggregate the Company's revenue by geographical markets and reportable segments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 737,457 ​ $ 178,569 ​ $ 97,153 ​ $ 48,205 ​ $ 1,061,384 Strategic Brands ​ ​ 43,205 ​ ​ 16,673 ​ ​ 6,243 ​ ​ 212 ​ ​ 66,333 Other ​ ​ 5,860 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,860 Total Net Sales ​ $ 786,522 ​ $ 195,242 ​ $ 103,396 ​ $ 48,417 ​ $ 1,133,577 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, 2018 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 710,172 ​ $ 127,286 ​ $ 63,758 ​ $ 33,930 ​ $ 935,146 Strategic Brands ​ 47,645 ​ 18,287 ​ 8,231 ​ 278 ​ 74,441 Other ​ 6,573 ​ — ​ — ​ — ​ 6,573 Total Net Sales ​ $ 764,390 ​ $ 145,573 ​ $ 71,989 ​ $ 34,208 ​ $ 1,016,160 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 2,118,835 ​ $ 458,655 ​ $ 242,561 ​ $ 130,826 ​ $ 2,950,877 Strategic Brands ​ 132,375 ​ 62,374 ​ 20,024 ​ 990 ​ 215,763 Other ​ 16,973 ​ — ​ — ​ — ​ 16,973 Total Net Sales ​ $ 2,268,183 ​ $ 521,029 ​ $ 262,585 ​ $ 131,816 ​ $ 3,183,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks $ 1,994,950 $ 376,823 $ 171,796 $ 101,520 $ 2,645,089 Strategic Brands ​ 137,502 ​ 60,567 ​ 20,148 ​ 1,794 ​ 220,011 Other ​ 17,853 ​ — ​ — ​ — ​ 17,853 Total Net Sales ​ $ 2,150,305 ​ $ 437,390 ​ $ 191,944 ​ $ 103,314 ​ $ 2,882,953 ​ 1 Europe, Middle East and Africa (“EMEA”) ​ Contract Liabilities ​ Amounts received from certain bottlers/distributors at inception of their distribution contracts or at the inception of certain sales/marketing programs are accounted for as deferred revenue. As of September 30, 2019, the Company had $335.9 million of deferred revenue, which is included in current and long-term deferred revenue in the Company’s condensed consolidated balance sheet. As of December 31, 2018, the Company had $356.3 million of deferred revenue, which is included in current and long-term deferred revenue in the Company’s condensed consolidated balance sheet. During the three-months ended September 30, 2019 and 2018, $10.7 million and $11.1 million, respectively, of deferred revenue was recognized in net sales. During the nine-months ended September 30, 2019 and 2018, $35.6 million and $33.3 million, respectively, of deferred revenue was recognized in net sales. See Note 11.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2019
LEASES
LEASES	4. LEASES ​ The Company leases identified assets comprising real estate and equipment. Real estate leases consist primarily of office and warehouse space and equipment leases consist of vehicles and warehouse equipment. At the inception of a contract, the Company assesses whether the contract is, or contains, a lease. The Company’s assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the Company obtains the right to substantially all the economic benefit from the use of the asset throughout the term, and (3) whether the Company has the right to direct the use of the asset. At inception of a lease, the Company allocates the consideration in the contract to each lease and non-lease component based on the component’s relative stand-alone price to determine the lease payments. Lease and non-lease components are accounted for separately. ​ Leases are classified as either finance leases or operating leases based on criteria in Accounting Standards Codification (“ASC”) 842. The Company’s operating leases are generally comprised of real estate and warehouse equipment, and the Company’s finance leases are generally comprised of vehicles. Operating leases are included in Other Assets, Accrued Liabilities and Other Liabilities in the condensed consolidated balance sheet. Finance leases are included in Property and Equipment and Accrued Liabilities in the condensed consolidated balance sheet. ​ Right-of-use (“ROU”) assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As the Company’s leases generally do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at the lease commencement date if the implicit rate cannot be determined. ROU assets also include any lease payments made and exclude lease incentives. Lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. ​ Certain of the Company’s real estate leases contain variable lease payments, including payments based on an index or rate. Variable lease payments based on an index or rate are initially measured using the index or rate in effect at the lease commencement date. Additional payments based on the change in an index or rate, or payments based on a change in the Company’s portion of the operating expenses, including real estate taxes and insurance, are recorded as a period expense when incurred. ​ Lease expense for operating leases, consisting of lease payments, is recognized on a straight-line basis over the lease term. Included in lease expense are any variable lease payments incurred in the period that were not included in the initial lease liability. Lease expense for finance leases consists of the amortization of the ROU asset on a straight-line basis over the asset’s estimated useful life and interest expense is calculated using the amortized cost basis. ​ The Company’s leases have remaining lease terms of less than one year to 15 years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within one year. The Company has elected not to recognize ROU assets and lease liabilities for short-term operating leases that have a term of 12 months or less. ​ The components of lease cost for the three- and nine-months ended September 30, 2019 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months ​ Nine-Months ​ ​ Ended September 30, ​ Ended September 30, ​ 2019 2019 Operating leases: ​ ​ ​ ​ ​ ​ Lease cost ​ $ 1,223 ​ $ 3,548 Variable lease cost ​ 168 ​ 503 Operating lease cost ​ 1,391 ​ 4,051 ​ ​ ​ ​ ​ ​ ​ Short term lease cost ​ 993 ​ 2,552 ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ 172 ​ 346 Interest on finance lease liabilities ​ 13 ​ 43 Finance lease cost ​ 185 ​ 389 ​ ​ ​ ​ ​ ​ ​ Total lease cost ​ $ 2,569 ​ $ 6,992 ​ Supplemental cash flow information for leases for the nine-months ended September 30, 2019 was as follows: ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ Operating cash flows from operating leases ​ $ 3,026 Operating cash flows from finance leases ​ 43 Financing cash flows from finance leases ​ 1,497 ​ ​ ​ ​ ROU assets obtained in exchange for lease obligations: ​ ​ ​ Finance leases ​ 2,499 Operating leases ​ 27,965 ​ ROU assets for operating and finance leases at September 30, 2019 were comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Equipment Total Operating leases ​ $ 24,384 ​ $ 497 ​ $ 24,881 Finance leases ​ — ​ 3,525 ​ 3,525 ​ The weighted-average remaining lease term and weighted-average discount rate for operating and finance leases at September 30, 2019 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ Operating Leases Finance Leases Weighted-average remaining lease term (years) 10.4 0.8 ​ Weighted-average discount rate 3.6 % 3.2 % ​ The following table reconciles the undiscounted future lease payments for operating and finance leases to the operating and finance leases recorded in the condensed consolidated balance sheet at September 30, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Undiscounted Future Lease Payments ​ Operating Leases Finance Leases 2019 (excluding the nine-months ended September 30, 2019) ​ $ 1,014 ​ $ 678 2020 ​ 3,509 ​ 1,187 2021 ​ 2,888 ​ — 2022 ​ 2,349 ​ — 2023 ​ 1,894 ​ — 2024 and thereafter ​ 14,707 ​ — Total lease payments ​ 26,361 ​ 1,865 Less interest ​ (4,666) ​ (23) Total ​ $ 21,695 ​ $ 1,842 ​ ​ ​ ​ ​ ​ ​ Accrued liabilities ​ $ 3,061 ​ $ 1,842 Other liabilities ​ 18,634 ​ — ​ As of September 30, 2019, the Company did not have any significant additional operating or finance leases that have not yet commenced. ​ The Company’s future minimum operating lease commitments, as of December 31, 2018, under ASC 840, the predecessor to ASC 842, were as follows: ​ ​ ​ ​ ​ Year Ending December 31: ​ ​ ​ ​ ​ 2019 ​ $ 3,954 2020 ​ 2,949 2021 ​ 2,410 2022 ​ 2,114 2023 ​ 1,681 2024 and thereafter ​ 14,860 ​ ​ $ 27,968 ​

INVESTMENTS

INVESTMENTS	9 Months Ended
	Sep. 30, 2019
INVESTMENTS
INVESTMENTS	5. INVESTMENTS ​ The following table summarizes the Company’s investments at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 September 30, 2019 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 81,869 ​ $ — ​ $ — ​ $ 81,869 ​ $ — ​ $ — Certificates of deposit ​ ​ 2,502 ​ ​ — ​ ​ — ​ ​ 2,502 ​ ​ — ​ ​ — Municipal securities ​ 138,072 ​ 151 ​ 9 ​ 138,214 ​ 9 ​ — U.S. government agency securities ​ 41,186 ​ 7 ​ 37 ​ 41,156 ​ 37 ​ — U.S. treasuries ​ ​ 294,099 ​ ​ 179 ​ ​ 10 ​ ​ 294,268 ​ ​ 10 ​ ​ — Variable rate demand notes ​ ​ 29,347 ​ ​ — ​ ​ — ​ ​ 29,347 ​ ​ — ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. treasuries ​ ​ 11,174 ​ ​ 7 ​ ​ 4 ​ ​ 11,177 ​ ​ 4 ​ ​ — Municipal securities ​ ​ 3,198 ​ ​ — ​ ​ 5 ​ ​ 3,193 ​ ​ 5 ​ ​ — Total ​ $ 601,447 ​ $ 344 ​ $ 65 ​ $ 601,726 ​ $ 65 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 December 31, 2018 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 52,838 ​ $ — ​ $ — ​ $ 52,838 ​ $ — ​ $ — Certificates of deposit ​ ​ 14,075 ​ ​ — ​ ​ — ​ ​ 14,075 ​ ​ — ​ ​ — Municipal securities ​ 151,690 ​ 16 ​ 62 ​ 151,644 ​ 62 ​ — U.S. government agency securities ​ 19,943 ​ — ​ 12 ​ 19,931 ​ 12 ​ — U.S. treasuries ​ ​ 78,189 ​ ​ — ​ ​ 32 ​ ​ 78,157 ​ ​ 32 ​ ​ — Variable rate demand notes ​ ​ 4,005 ​ ​ — ​ ​ — ​ ​ 4,005 ​ ​ — ​ ​ — Total ​ $ 320,740 ​ $ 16 ​ $ 106 ​ $ 320,650 ​ $ 106 ​ $ — ​ ​ During the nine-months ended September 30, 2019 and 2018, realized gains or losses recognized on the sale of investments were not significant. ​ The Company’s investments at September 30, 2019 and December 31, 2018 in commercial paper, certificates of deposit, municipal securities, U.S. government agency securities, U.S. treasuries and/or variable rate demand notes (“VRDNs”) carried investment grade credit ratings. VRDNs are floating rate municipal bonds with embedded put options that allow the bondholder to sell the security at par plus accrued interest. All of the put options are secured by a pledged liquidity source. While they are classified as marketable investment securities, the put option allows the VRDNs to be liquidated at par on a same day, or more generally, on a seven-day settlement basis. ​ The following table summarizes the underlying contractual maturities of the Company’s investments at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ December 31, 2018 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 81,869 ​ $ 81,869 ​ $ 52,838 ​ $ 52,838 Municipal securities ​ 138,072 ​ 138,214 ​ 151,690 ​ 151,644 U.S. government agency securities ​ 41,186 ​ 41,156 ​ 19,943 ​ 19,931 Certificates of deposit ​ 2,502 ​ ​ 2,502 ​ ​ 14,075 ​ ​ 14,075 U.S. treasuries ​ ​ 294,099 ​ ​ 294,268 ​ ​ 78,189 ​ ​ 78,157 Due 1 - 10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ ​ 3,198 ​ ​ 3,193 ​ ​ — ​ ​ — U.S. treasuries ​ ​ 11,174 ​ ​ 11,177 ​ ​ — ​ ​ — Variable rate demand notes ​ 5,412 ​ 5,412 ​ — ​ — Due 11 - 20 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ 12,197 ​ 12,197 ​ — ​ — Due 21 - 30 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ ​ 9,721 ​ ​ 9,721 ​ ​ 4,005 ​ ​ 4,005 Due 31 - 40 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ ​ 2,017 ​ ​ 2,017 ​ ​ — ​ ​ — Total ​ $ 601,447 ​ $ 601,726 ​ $ 320,740 ​ $ 320,650 ​

FAIR VALUE OF CERTAIN FINANCIAL

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	9 Months Ended
	Sep. 30, 2019
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	6. FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES ​ ASC 820 provides a framework for measuring fair value and requires disclosures regarding fair value measurements. ASC 820 defines fair value as the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs, where available. The three levels of inputs required by the standard that the Company uses to measure fair value are summarized below. ​ ● Level 1: Quoted prices in active markets for identical assets or liabilities. ​ ● Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities. ​ ● Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. ​ ASC 820 requires the use of observable market inputs (quoted market prices) when measuring fair value and requires a Level 1 quoted price to be used to measure fair value whenever possible. ​ The following tables present the fair value of the Company’s financial assets and liabilities that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 Level 1 Level 2 Level 3 Total Cash ​ $ 557,925 ​ $ — ​ $ — ​ $ 557,925 Money market funds ​ 69,362 ​ — ​ — ​ 69,362 Certificates of deposit ​ ​ — ​ ​ 11,533 ​ ​ — ​ ​ 11,533 Commercial paper ​ — ​ 95,972 ​ — ​ 95,972 Variable rate demand notes ​ ​ — ​ ​ 29,347 ​ ​ — ​ ​ 29,347 Municipal securities ​ — ​ 159,884 ​ — ​ 159,884 U.S. government agency securities ​ — ​ 80,879 ​ — ​ 80,879 U.S. treasuries ​ ​ — ​ ​ 314,441 ​ ​ — ​ ​ 314,441 Foreign currency derivatives ​ — ​ 30 ​ — ​ 30 Total ​ $ 627,287 ​ $ 692,086 ​ $ — ​ $ 1,319,373 Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 627,287 ​ $ 90,330 ​ $ — ​ $ 717,617 Short-term investments ​ — ​ 587,356 ​ — ​ 587,356 Accounts receivable, net ​ — ​ 168 ​ — ​ 168 Investments ​ ​ — ​ ​ 14,370 ​ ​ — ​ ​ 14,370 Accrued liabilities ​ — ​ (138) ​ — ​ (138) Total ​ $ 627,287 ​ $ 692,086 ​ $ — ​ $ 1,319,373 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2018 Level 1 Level 2 Level 3 Total Cash ​ $ 393,936 ​ $ — ​ $ — ​ $ 393,936 Money market funds ​ 191,358 ​ — ​ — ​ 191,358 Certificates of deposit ​ ​ — ​ ​ 14,075 ​ ​ — ​ ​ 14,075 Commercial paper ​ — ​ 60,422 ​ — ​ 60,422 Variable rate demand notes ​ — ​ 4,005 ​ — ​ 4,005 Municipal securities ​ — ​ 177,118 ​ — ​ 177,118 U.S. government agency securities ​ — ​ 39,092 ​ — ​ 39,092 U.S. treasuries ​ ​ — ​ ​ 78,157 ​ ​ — ​ ​ 78,157 Foreign currency derivatives ​ — ​ (492) ​ — ​ (492) Total ​ $ 585,294 ​ $ 372,377 ​ $ — ​ $ 957,671 Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 585,294 ​ $ 52,219 ​ $ — ​ $ 637,513 Short-term investments ​ — ​ 320,650 ​ — ​ 320,650 Accounts receivable, net ​ — ​ 43 ​ — ​ 43 Accrued liabilities ​ — ​ (535) ​ — ​ (535) Total ​ $ 585,294 ​ $ 372,377 ​ $ — ​ $ 957,671 ​ All of the Company’s short-term and long-term investments are classified within Level 1 or Level 2 of the fair value hierarchy. The Company’s valuation of its Level 1 investments, which include money market funds, is based on quoted market prices in active markets for identical securities. The Company’s valuation of its Level 2 investments, which include municipal securities, commercial paper, certificates of deposit, VRDNs, U.S. treasuries and U.S. government agency securities, is based on other observable inputs, specifically a market approach which utilizes valuation models, pricing systems, mathematical tools and other relevant information for the same or similar securities. The Company’s valuation of its Level 2 foreign currency exchange contracts is based on quoted market prices of the same or similar instruments, adjusted for counterparty risk. There were no transfers between Level 1 and Level 2 measurements during the nine-months ended September 30, 2019 or during the year-ended December 31, 2018, and there were no changes in the Company’s valuation techniques.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	9 Months Ended
	Sep. 30, 2019
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	7. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES ​ The Company is exposed to foreign currency exchange rate risks related primarily to its foreign business operations. During the three- and nine-months ended September 30, 2019 and the year-ended December 31, 2018, the Company entered into forward currency exchange contracts with financial institutions to create an economic hedge to specifically manage a portion of the foreign exchange risk exposure associated with certain consolidated subsidiaries’ non-functional currency denominated assets and liabilities. All foreign currency exchange contracts of the Company that were outstanding as of September 30, 2019 have terms of one month or less. The Company does not enter into forward currency exchange contracts for speculation or trading purposes. ​ The Company has not designated its foreign currency exchange contracts as hedge transactions under ASC 815. Therefore, gains and losses on the Company’s foreign currency exchange contracts are recognized in interest and other income, net, in the condensed consolidated statements of income, and are largely offset by the changes in the fair value of the underlying economically hedged item. ​ The notional amount and fair value of all outstanding foreign currency derivative instruments in the condensed consolidated balance sheets consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ hedging instruments under Notional Fair ASC 815-20 ​ Amount ​ Value ​ Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 35,513 ​ $ 86 ​ Accounts receivable, net Receive USD/pay AUD ​ ​ 9,625 ​ ​ 29 Accounts receivable, net Receive USD/pay COP ​ ​ 3,040 ​ ​ 23 ​ Accounts receivable, net Receive USD/pay ZAR ​ ​ 2,748 ​ ​ 19 ​ Accounts receivable, net Receive USD/pay NZD ​ ​ 2,581 ​ ​ 11 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive EUR/pay USD ​ $ 39,576 ​ $ (136) Accrued liabilities Receive USD/pay SGD ​ ​ 1,156 ​ ​ (2) Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2018 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under Notional Fair ​ ASC 815-20 ​ Amount ​ Value ​ Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive SGD/pay USD ​ $ 8,341 ​ $ 30 Accounts receivable, net Receive NOK/pay USD ​ 902 ​ 13 Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 40,648 ​ $ (323) Accrued liabilities Receive USD/pay AUD ​ 15,124 ​ (105) Accrued liabilities Receive USD/pay ZAR ​ 8,618 ​ (68) Accrued liabilities Receive USD/pay COP ​ 2,931 ​ (33) Accrued liabilities Receive USD/pay NZD ​ 2,952 ​ (4) Accrued liabilities Receive USD/pay EUR ​ 6,894 ​ (2) Accrued liabilities ​ The net gains on derivative instruments in the condensed consolidated statements of income were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain ​ Three-months ended hedging instruments under ​ recognized in income on ​ September 30, ​ September 30, ASC 815-20 derivatives 2019 2018 Foreign currency exchange contracts Interest and other income, net ​ $ 627 ​ $ 2,175 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain ​ Nine-months ended hedging instruments under ​ recognized in income on ​ September 30, ​ September 30, ASC 815-20 derivatives 2019 2018 Foreign currency exchange contracts Interest and other income, net ​ $ 475 ​ $ 7,909 ​

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2019
INVENTORIES
INVENTORIES	8. INVENTORIES ​ Inventories consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2019 ​ 2018 Raw materials ​ $ 136,555 ​ $ 94,421 Finished goods ​ 181,190 ​ 183,284 ​ ​ $ 317,745 ​ $ 277,705 ​

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2019
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET	9. PROPERTY AND EQUIPMENT, NET ​ Property and equipment consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2019 ​ 2018 Land ​ $ 44,261 ​ $ 44,261 Leasehold improvements ​ 8,487 ​ 5,909 Furniture and fixtures ​ 7,649 ​ 6,932 Office and computer equipment ​ 21,066 ​ 18,717 Computer software ​ 4,252 ​ 3,278 Equipment ​ 193,326 ​ 183,727 Buildings ​ 126,052 ​ 115,242 Vehicles ​ 40,610 ​ 39,026 ​ ​ 445,703 ​ 417,092 Less: accumulated depreciation and amortization ​ (193,943) ​ (174,041) ​ ​ $ 251,760 ​ $ 243,051 ​ Total depreciation and amortization expense recorded was $11.6 million and $11.3 million for the three-months ended September 30, 2019 and 2018, respectively. Total depreciation and amortization expense recorded was $36.3 million and $33.5 million for the nine-months ended September 30, 2019 and 2018, respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	10. GOODWILL AND OTHER INTANGIBLE ASSETS ​ The following is a roll-forward of goodwill for the nine-months ended September 30, 2019 and September 30, 2018 by reportable segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy ® ​ Strategic ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2018 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at September 30, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy ® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2017 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ ​ — ​ ​ — ​ ​ — ​ ​ — Balance at September 30, 2018 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ Intangible assets consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2019 ​ 2018 Amortizing intangibles ​ $ 66,952 ​ $ 71,350 Accumulated amortization ​ (46,227) ​ (38,311) ​ ​ 20,725 ​ 33,039 Non-amortizing intangibles ​ 1,026,748 ​ 1,012,839 ​ ​ $ 1,047,473 ​ $ 1,045,878 ​ Amortizing intangibles primarily consist of customer relationships. All amortizing intangibles have been assigned an estimated finite useful life and such intangibles are amortized on a straight-line basis over the number of years that approximate their respective useful lives, generally five to seven years. Total amortization expense recorded was $2.9 million and $3.0 million for the three-months ended September 30, 2019 and 2018, respectively. Total amortization expense recorded was $8.7 million and $9.0 million for the nine-months ended September 30, 2019 and 2018, respectively. ​ The following is the future estimated amortization expense related to amortizing intangibles as of September 30, 2019: ​ ​ ​ ​ ​ 2019 (excluding the nine-months ended September 30, 2019) $ 2,887 2020 ​ 7,668 2021 ​ 4,424 2022 ​ 4,399 2023 ​ 1,106 2024 and thereafter ​ 241 ​ ​ $ 20,725 ​

DISTRIBUTION AGREEMENTS

DISTRIBUTION AGREEMENTS	9 Months Ended
	Sep. 30, 2019
DISTRIBUTION AGREEMENTS
DISTRIBUTION AGREEMENTS	11 ​ In accordance with ASC 420, the Company expenses distributor termination costs in the period in which the written notification of termination occurs. The Company incurred no termination costs during the three-months ended September 30, 2019. The Company incurred termination costs of $14.1 million for the three-months ended September 30, 2018. The Company incurred termination costs of $11.0 million and $26.6 million for the nine-months ended September 30, 2019 and 2018, respectively. ​ In the normal course of business, amounts received pursuant to new and/or amended distribution agreements entered into with certain distributors, relating to the costs associated with terminating agreements with the Company’s prior distributors, are accounted for as deferred revenue and are recognized as revenue ratably over the anticipated life of the respective distribution agreement, generally 20 years. Revenue recognized was $10.7 million and $11.1 million for the three-months ended September 30, 2019 and 2018, respectively. Revenue recognized was $35.6 million and $33.3 million for the nine-months ended September 30, 2019 and 2018, respectively. ​

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2019
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES ​ The Company had purchase commitments aggregating approximately $29.3 million at September 30, 2019, which represented commitments made by the Company and its subsidiaries to various suppliers of raw materials for the production of its products. These obligations vary in terms, but are generally satisfied within one year. ​ The Company had contractual obligations aggregating approximately $171.6 million at September 30, 2019, which related primarily to sponsorships and other marketing activities. ​ In February 2018, the working capital line limit for the Company's credit facility with HSBC Bank (China) Company Limited, Shanghai Branch, was increased from $9.0 million to $15.0 million. At September 30, 2019, the interest rate on borrowings under the line of credit was 5.5%. As of September 30, 2019, the Company had no amounts outstanding on this line of credit. ​ During the three-months ended September 30, 2019, the Company entered into an agreement to acquire a manufacturing plant and adjoining land in Athy, County Kildare, Ireland for a purchase price of $12.0 million, of which an initial $1.2 million was paid in October 2019. The acquisition of the facility is expected to close in late December 2019. The Company intends to utilize the facility to produce and supply ingredients for certain of its international markets. ​ In addition, during the three-months ended September 30, 2019, the Company entered into an agreement to purchase approximately 7.66 acres of land in San Fernando, California for a purchase price of $33.7 million. The Company intends to construct a new production facility on such land in order to consolidate AFF’s operations into a single location. The full purchase price was paid in October 2019. ​ Legal Proceedings ​ Litigation ​ Furthermore, from time to time in the normal course of business, the Company is named in other litigation, including consumer class actions, intellectual property litigation and claims from prior distributors. Although it is not possible to predict the ultimate outcome of such litigation, based on the facts known to the Company, management believes that such litigation in aggregate will likely not have a material adverse effect on the Company’s financial position or results of operations. ​ The Company evaluates, on a quarterly basis, developments in legal proceedings and other matters that could cause an increase or decrease in the amount of the liability that is accrued, if any, or in the amount of any related insurance reimbursements recorded. As of September 30, 2019, the Company’s condensed consolidated balance sheet included accrued loss contingencies of approximately $2.0 million.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	9 Months Ended
	Sep. 30, 2019
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS	13. ACCUMULATED OTHER COMPREHENSIVE LOSS ​ Changes in accumulated other comprehensive loss by component, after tax, for the nine-months ended September 30, 2019 and 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency (Gains) Losses ​ ​ ​ ​ Translation ​ on Available-for- ​ ​ ​ ​ ​ Losses ​ Sale Securities ​ Total Balance at December 31, 2018 ​ $ 32,775 ​ $ 89 ​ $ 32,864 Other comprehensive income before reclassifications ​ 10,586 ​ ​ (367) ​ ​ 10,219 Amounts reclassified from accumulated other comprehensive loss (income) ​ — ​ ​ — ​ ​ — Net current-period other comprehensive (income) loss ​ 10,586 ​ ​ (367) ​ ​ 10,219 Balance at September 30, 2019 ​ $ 43,361 ​ $ (278) ​ $ 43,083 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency ​ (Gains) Losses ​ ​ ​ ​ Translation on Available-for- ​ ​ ​ ​ Losses ​ Sale Securities ​ Total Balance at December 31, 2017 ​ $ 15,818 ​ $ 841 ​ $ 16,659 Other comprehensive loss (income) before reclassifications ​ 13,728 ​ ​ (610) ​ ​ 13,118 Amounts reclassified from accumulated other comprehensive loss (income) ​ — ​ ​ — ​ ​ — Net current-period other comprehensive loss (income) ​ 13,728 ​ ​ (610) ​ ​ 13,118 Balance at September 30, 2018 ​ $ 29,546 ​ $ 231 ​ $ 29,777 ​

TREASURY STOCK

TREASURY STOCK	9 Months Ended
	Sep. 30, 2019
TREASURY STOCK
TREASURY STOCK	14. TREASURY STOCK ​ On August 7, 2018, the Company's Board of Directors authorized a share repurchase program for the purchase of up to $500.0 million of the Company's outstanding common stock (the “August 2018 Repurchase Plan”). During the three-months ended September 30, 2019, the Company purchased 0.4 million shares of common stock at an average purchase price of $58.32 per share, for a total amount of $20.6 million (excluding broker commissions), which exhausted the availability under the August 2018 Repurchase Plan. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at September 30, 2019. ​ On February 26, 2019, the Company’s Board of Directors authorized a new share repurchase program for the purchase of up to $500.0 million of the Company’s outstanding common stock (the “February 2019 Repurchase Plan”). During the three-months ended September 30, 2019, the Company purchased 4.0 million shares of common stock at an average purchase price of $58.62 per share, for a total amount of $233.7 million (excluding broker commissions), under the February 2019 Repurchase Plan. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at September 30, 2019. As of November 6, 2019, $36.6 million remained available for repurchase under the February 2019 Repurchase Plan. ​ During the three-months ended September 30, 2019, no shares of common stock were purchased from employees in lieu of cash payments for options exercised or withholding taxes due.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2019
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	15. STOCK-BASED COMPENSATION ​ The Company has two stock-based compensation plans under which shares were available for grant at September 30, 2019: the Monster Beverage Corporation 2011 Omnibus Incentive Plan, including the Monster Beverage Corporation Deferred Compensation Plan as a sub plan thereunder, and the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors, including the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors as a sub plan thereunder. ​ The Company recorded $16.0 million and $14.1 million of compensation expense relating to outstanding options and restricted stock units during the three-months ended September 30, 2019 and 2018, respectively. The Company recorded $46.9 million and $42.4 million of compensation expense relating to outstanding options and restricted stock units during the nine-months ended September 30, 2019 and 2018, respectively. ​ The tax benefit for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options and vesting of restricted stock units for the three-months ended September 30, 2019 and 2018 was $0.5 million and $3.1 million, respectively. The tax benefit for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options and vesting of restricted stock units for the nine-months ended September 30, 2019 and 2018 was $26.7 million and $7.7 million, respectively. ​ Stock Options ​ Under the Company’s stock-based compensation plans, all stock options granted as of September 30, 2019 were granted at prices based on the fair value of the Company’s common stock on the date of grant. The Company records compensation expense for stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes-Merton option pricing formula with the assumptions included in the table below. The Company uses historical data to determine the exercise behavior, volatility and forfeiture rate of the options. ​ The following weighted-average assumptions were used to estimate the fair value of options granted during: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, ​ Nine-Months Ended September 30, ​ ​ 2019 2018 2019 2018 ​ Dividend yield 0 % 0 % 0 % 0 % Expected volatility 30.2 % 34.5 % 30.2 % 34.9 % Risk-free interest rate 1.4 % 2.9 % 2.4 % 2.8 % Expected term 5.8 years 6.1 years 6.0 years 6.1 years ​ Expected Volatility ​ Risk-Free Interest Rate ​ Expected Term ​ The following table summarizes the Company’s activities with respect to its stock option plans as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Weighted- ​ Average ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ ​ ​ ​ Number of ​ Exercise ​ Contractual ​ ​ ​ ​ ​ Shares (in ​ Price Per ​ Term (In ​ Aggregate Options thousands) Share years) Intrinsic Outstanding at January 1, 2019 18,890 ​ $ 34.61 5.8 ​ $ 303,627 Granted 01/01/19 - 03/31/19 1,570 ​ $ 59.52 ​ ​ ​ ​ ​ Granted 04/01/19 - 06/30/19 ​ — ​ $ — ​ ​ ​ ​ ​ Granted 07/01/19 - 09/30/19 ​ 52 ​ $ 58.54 ​ ​ ​ ​ ​ Exercised (4,999) ​ $ 17.05 ​ ​ ​ ​ ​ Cancelled or forfeited (373) ​ $ 50.42 ​ ​ ​ ​ ​ Outstanding at September 30, 2019 15,140 ​ $ 42.69 6.5 ​ $ 237,041 Vested and expected to vest in the future at September 30, 2019 14,290 ​ $ 41.98 6.4 ​ $ 233,489 Exercisable at September 30, 2019 7,557 ​ $ 33.14 5.2 ​ $ 188,583 ​ The weighted-average grant-date fair value of options granted during the three-months ended September 30, 2019 and 2018 was $18.32 per share and $22.80 per share, respectively. The weighted-average grant-date fair value of options granted during the nine-months ended September 30, 2019 and 2018 was $20.24 per share and $22.51 per share, respectively. ​ The total intrinsic value of options exercised during the three-months ended September 30, 2019 and 2018 was $2.4 million and $19.2 million, respectively. The total intrinsic value of options exercised during the nine-months ended September 30, 2019 and 2018 was $213.8 million and $52.1 million, respectively. ​ Cash received from option exercises under all plans for the three-months ended September 30, 2019 and 2018 was $4.1 million and $10.9 million, respectively. Cash received from option exercises under all plans for the nine-months ended September 30, 2019 and 2018 was $85.2 million and $24.5 million, respectively. ​ At September 30, 2019, there was $90.4 million of total unrecognized compensation expense related to non-vested options granted to employees under the Company’s stock-based payment plans. That cost is expected to be recognized over a weighted-average period of 2.5 years. ​ Restricted Stock Units ​ The cost of stock-based compensation for restricted stock units is measured based on the closing fair market value of the Company’s common stock at the date of grant. In the event that the Company has the option and intent to settle a restricted stock unit in cash, the award is classified as a liability and revalued at each balance sheet date. ​ The following table summarizes the Company’s activities with respect to non-vested restricted stock units as follows: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average ​ ​ Shares (in ​ Grant-Date ​ ​ thousands) ​ Fair Value Non-vested at January 1, 2019 529 ​ $ 51.55 Granted 01/01/19 - 03/31/19 548 ​ $ 59.66 Granted 04/01/19 - 06/30/19 ​ 18 ​ $ 63.48 Granted 07/01/19 - 09/30/19 ​ 1 ​ $ 66.00 Vested (265) ​ $ 50.10 Forfeited/cancelled (6) ​ $ 59.67 Non-vested at September 30, 2019 825 ​ $ 57.63 ​ The weighted-average grant-date fair value of restricted stock units granted during the three-months ended September 30, 2019 and 2018 was $66.00 per share and $58.72 per share, respectively. The weighted-average grant-date fair value of restricted stock units granted during the nine-months ended September 30, 2019 and 2018 was $59.79 per share and $57.59 per share, respectively. As of September 30, 2019, 0.7 million of restricted stock units are expected to vest over their respective terms. ​ At September 30, 2019, total unrecognized compensation expense relating to non-vested restricted stock units was $33.4 million, which is expected to be recognized over a weighted-average period of 2.9 years.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2019
INCOME TAXES
INCOME TAXES	16. INCOME TAXES ​ The following is a roll-forward of the Company’s total gross unrecognized tax benefits, not including interest and penalties, for the nine-months ended September 30, 2019: ​ ​ ​ ​ ​ ​ Gross Unrecognized Tax ​ ​ Benefits Balance at December 31, 2018 ​ $ 5,035 Additions for tax positions related to the current year ​ — Additions for tax positions related to the prior years ​ 1,171 Decreases related to settlement with taxing authority ​ — Balance at September 30, 2019 ​ $ 6,206 ​ The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes in the Company’s condensed consolidated financial statements. As of September 30, 2019, the Company had approximately $1.4 million in accrued interest and penalties related to unrecognized tax benefits. If the Company were to prevail on all uncertain tax positions, the resultant impact on the Company’s effective tax rate would not be significant. It is expected that any change in the amount of unrecognized tax benefits within the next 12 months will not be significant. ​ The Company is subject to U.S. federal income tax as well as to income tax in multiple state and foreign jurisdictions. ​ On October 18, 2016, the IRS began its examination of the Company’s U.S. federal income tax return for the year ended December 31, 2014. On March 27, 2017, the IRS began its examination of the Company’s U.S. federal income tax return for the year ended December 31, 2015. ​ The Company is in various stages of examination with certain states and certain foreign jurisdictions, including Revenue Commissioners, Her Majesty’s Revenue and Customs, among others. The Company’s 2014 through 2018 U.S. federal income tax returns are subject to examination by the IRS. The Company’s state income tax returns are subject to examination for the 2014 through 2018 tax years.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2019
EARNINGS PER SHARE
EARNINGS PER SHARE	17. EARNINGS PER SHARE ​ A reconciliation of the weighted-average shares used in the basic and diluted earnings per common share computations is presented below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2019 2018 2019 2018 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ ​ ​ Basic 544,469 552,694 543,804 559,472 Dilutive 3,953 7,261 4,583 7,319 Diluted 548,422 559,955 548,387 566,791 ​ For the three-months ended September 30, 2019 and 2018, options and awards outstanding totaling 4.7 million shares and 3.2 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive. For the nine-months ended September 30, 2019 and 2018, options and awards outstanding totaling 4.3 million shares and 3.0 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2019
SEGMENT INFORMATION
SEGMENT INFORMATION	18. SEGMENT INFORMATION ​ The Company has three operating and reportable segments, (i) Monster Energy® Drinks segment, which is primarily comprised of the Company’s Monster Energy® drinks and Reign Total Body Fuel TM ​ The Company’s Monster Energy® Drinks segment primarily generates net operating revenues by selling ready-to-drink packaged drinks primarily to bottlers and full service beverage distributors. In some cases, the Company sells directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, foodservice customers and the military. ​ The Company’s Strategic Brands segment primarily generates net operating revenues by selling “concentrates” and/or “beverage bases” to authorized bottling and canning operations. Such bottlers generally combine the concentrates and/or beverage bases with sweeteners, water and other ingredients to produce ready-to-drink packaged energy drinks. The ready-to-drink packaged energy drinks are then sold by such bottlers to other bottlers, full service distributors or retailers, including, retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, foodservice customers, drug stores and the military. To a lesser extent, the Company’s Strategic Brands segment generates net operating revenues by selling certain ready-to-drink packaged energy drinks to bottlers and full service beverage distributors. ​ Generally, the Monster Energy® Drinks segment generates higher per case net operating revenues, but lower per case gross profit margin percentages than the Strategic Brands segment. ​ Corporate and unallocated amounts that do not relate to a reportable segment have been allocated to “Corporate & Unallocated.” No asset information, other than goodwill and other intangible assets, has been provided in the Company’s reportable segments, as management does not measure or allocate such assets on a segment basis. ​ The net revenues derived from the Company’s reportable segments and other financial information related thereto for the three- and nine-months ended September 30, 2019 and 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2019 2018 2019 2018 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks (1) ​ $ 1,061,383 ​ $ 935,146 ​ $ 2,950,877 ​ $ 2,645,089 Strategic Brands ​ 66,333 ​ 74,441 ​ 215,763 ​ 220,011 Other ​ 5,861 ​ 6,573 ​ 16,973 ​ 17,853 Corporate and unallocated ​ — ​ — ​ — ​ — ​ ​ $ 1,133,577 ​ $ 1,016,160 ​ $ 3,183,613 ​ $ 2,882,953 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2019 2018 2019 2018 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® (1) (2) ​ $ 433,848 ​ $ 359,090 ​ $ 1,187,652 ​ $ 1,033,895 Strategic Brands ​ 35,107 ​ 41,661 ​ 130,762 ​ 135,054 Other ​ 1,005 ​ 1,742 ​ 3,026 ​ 4,539 Corporate and unallocated ​ (74,517) ​ (62,920) ​ (235,546) ​ (196,380) ​ ​ $ 395,443 ​ $ 339,573 ​ $ 1,085,894 ​ $ 977,108 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2019 2018 2019 2018 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® (1) (2) ​ $ 434,003 ​ $ 359,216 ​ $ 1,187,916 ​ $ 1,034,521 Strategic Brands ​ 35,106 ​ 41,659 ​ 130,758 ​ 135,075 Other ​ 1,005 ​ 1,742 ​ 3,031 ​ 4,539 Corporate and unallocated ​ (71,550) ​ (60,056) ​ (226,976) ​ (191,758) ​ ​ $ 398,564 ​ $ 342,561 ​ $ 1,094,729 ​ $ 982,377 ​ (1) Includes $10.7 million and $11.1 million for the three-months ended September 30, 2019 and 2018, respectively, related to the recognition of deferred revenue. Includes $35.6 million and $33.3 million for the nine-months ended September 30, 2019 and 2018, respectively, related to the recognition of deferred revenue. ​ (2) Includes $0.0 million and $14.1 million for the three-months ended September 30, 2019 and 2018, respectively, related to distributor termination costs. Includes $11.0 million and $26.6 million for the nine-months ended September 30, 2019 and 2018, respectively, related to distributor termination costs. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2019 2018 2019 2018 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® ​ $ 9,319 ​ $ 9,157 ​ $ 29,449 ​ $ 26,926 Strategic Brands ​ 1,990 ​ 1,947 ​ 5,925 ​ 5,819 Other ​ 1,162 ​ 1,167 ​ 3,475 ​ 3,493 Corporate and unallocated ​ 2,050 ​ 2,014 ​ 6,172 ​ 6,231 ​ ​ $ 14,521 ​ $ 14,285 ​ $ 45,021 ​ $ 42,469 ​ Corporate and unallocated expenses for the three-months ended September 30, 2019 include $50.1 million of payroll costs, of which $16.0 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $13.3 million attributable to professional service expenses, including accounting and legal costs, and $11.1 million of other operating expenses. Corporate and unallocated expenses for the three-months ended September 30, 2018 include $42.1 million of payroll costs, of which $14.0 million was attributable to stock-based compensation expenses (see Note 15, “Stock-Based Compensation”), as well as $12.3 million attributable to professional service expenses, including accounting and legal costs, and $8.5 million of other operating expenses. ​ Corporate and unallocated expenses for the nine-months ended September 30, 2019 include $151.0 million of payroll costs, of which $46.9 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $49.2 million attributable to professional service expenses, including accounting and legal costs, and $35.3 million of other operating expenses. Corporate and unallocated expenses for the nine-months ended September 30, 2018 include $129.9 million of payroll costs, of which $42.4 million was attributable to stock-based compensation expenses (see Note 15, “Stock-Based Compensation”), as well as $36.5 million attributable to professional service expenses, including accounting and legal costs, and $30.0 million of other operating expenses. ​ CCBCC Operations, LLC accounted for approximately 13% and 14% of the Company's net sales for the three-months ended September 30, 2019 and 2018, respectively. CCBCC Operations, LLC accounted for approximately 13% and 14% of the Company's net sales for the nine-months ended September 30, 2019 and 2018, respectively. ​ Reyes Coca-Cola Bottling accounted for approximately 12% and 13% of the Company's net sales for the three-months ended September 30, 2019 and 2018, respectively. Reyes Coca-Cola Bottling accounted for approximately 12% and 13% of the Company's net sales for the nine-months ended September 30, 2019 and 2018, respectively. ​ Coca-Cola European Partners accounted for approximately 10% and 9% of the Company's net sales for the three-months ended September 30, 2019 and 2018, respectively. Coca-Cola European Partners accounted for approximately 10% and 9% of the Company's net sales for the nine-months ended September 30, 2019 and 2018, respectively. ​ Net sales to customers outside the United States amounted to $379.8 million and $283.0 million for the three-months ended September 30, 2019 and 2018, respectively. Such sales were approximately 34% and 28% of net sales for the three-months ended September 30, 2019 and 2018, respectively. Net sales to customers outside the United States amounted to $1.01 billion and $818.8 million for the nine-months ended September 30, 2019 and 2018, respectively. Such sales were approximately 32% and 28% of net sales for the nine-months ended September 30, 2019 and 2018, respectively. ​ Goodwill and other intangible assets for the Company's reportable segments as of September 30, 2019 and December 31, 2018 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® ​ $ 1,377,824 ​ $ 1,368,620 Strategic Brands ​ 985,742 ​ 989,944 Other ​ 15,550 ​ 18,957 Corporate and unallocated ​ — ​ — ​ ​ $ 2,379,116 ​ $ 2,377,521 ​

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2019
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	19. RELATED PARTY TRANSACTIONS ​ TCCC controls approximately 18.9% of the voting interests of the Company. The TCCC Subsidiaries, the TCCC Related Parties and the TCCC independent bottlers, purchase and distribute the Company’s products in domestic and certain international markets. The Company also pays TCCC a commission based on certain sales within the TCCC distribution network. ​ TCCC commissions, based on sales to the TCCC Subsidiaries and the TCCC Related Parties, were $11.6 million and $13.7 million for the three-months ended September 30, 2019 and 2018, respectively, and are included as a reduction to net sales. TCCC commissions, based on sales to the TCCC Subsidiaries and the TCCC Related Parties, were $39.5 million and $38.1 million for the nine-months ended September 30, 2019 and 2018, respectively, and are included as a reduction to net sales. ​ TCCC commissions, based on sales to TCCC independent bottlers/distributors, were $4.7 million and $4.3 million for the three-months ended September 30, 2019 and 2018, respectively, and are included in operating expenses. TCCC commissions, based on sales to TCCC independent bottlers/distributors, were $13.6 million and $11.8 million for the nine-months ended September 30, 2019 and 2018, respectively, and are included in operating expenses. ​ Net sales to the TCCC Subsidiaries for the three-months ended September 30, 2019 and 2018 were $21.0 million and $42.3 million, respectively. Net sales to the TCCC Subsidiaries for the nine-months ended September 30, 2019 and 2018 were $59.5 million and $117.0 million, respectively. As part of TCCC’s North America refranchising, the territories of certain TCCC Subsidiaries have been transitioned to certain independent TCCC bottlers/distributors and/or TCCC Related Parties. Accordingly, the Company’s net sales classified as sales to the TCCC Subsidiaries significantly decreased for the three- and nine-months ended September 30, 2019. ​ The Company also purchases concentrates from TCCC which are then sold to certain of the Company's bottlers/distributors. Concentrate purchases from TCCC were $6.3 million and $7.4 million for the three-months ended September 30, 2019 and 2018, respectively. Concentrate purchases from TCCC were $20.2 million and $21.6 million for the nine-months ended September 30, 2019 and 2018, respectively. ​ Certain TCCC Subsidiaries also contract manufacture certain of the Company’s energy drinks. Such contract manufacturing expenses were $4.2 million and $7.0 million for the three-months ended September 30, 2019 and 2018, respectively. Such contract manufacturing expenses were $13.1 million and $18.8 million for the nine-months ended September 30, 2019 and 2018, respectively. ​ Accounts receivable, accounts payable and accrued promotional allowances related to the TCCC Subsidiaries are as follows at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Accounts receivable, net ​ $ 35,520 ​ $ 25,312 Accounts payable ​ $ (25,601) ​ $ (54,430) Accrued promotional allowances ​ $ (6,185) ​ $ (4,044) ​ One director of the Company and his family, and one director's family, are principal owners of a company that provides promotional materials to the Company. Expenses incurred with such company in connection with promotional materials purchased during the three-months ended September 30, 2019 and 2018 were $0.5 million and $0.2 million, respectively. Expenses incurred with such company in connection with promotional materials purchased during the nine-months ended September 30, 2019 and 2018 were $1.1 million and $1.6 million, respectively. ​ In December 2018, the Company and a director of the Company entered into a 50-50 partnership that purchased land, and real property thereon, in Kona, Hawaii for the purpose of producing coffee products. The Company’s initial 50% contribution of $1.9 million was accounted for as an equity investment and is included in other assets (non-current) in the accompanying condensed consolidated balance sheet at December 31, 2018. During the three-months ended September 30, 2019, the Company made no additional capital contributions and recorded an equity loss of $0.02 million. During the nine-months ended September 30, 2019, the Company made an additional $0.05 million capital contribution and recorded an equity loss of $0.06 million. As of September 30, 2019, the Company’s equity investment is $1.9 million and is included in other assets (non-current) in the accompanying condensed consolidated balance sheet at September 30, 2019.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2019
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	20. SUBSEQUENT EVENTS ​ On November 6, 2019, the Company’s Board of Directors authorized a new share repurchase program for the purchase of up to

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	9 Months Ended
	Sep. 30, 2019
REVENUE RECOGNITION
Schedule of disaggregation of revenue by geographical markets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 737,457 ​ $ 178,569 ​ $ 97,153 ​ $ 48,205 ​ $ 1,061,384 Strategic Brands ​ ​ 43,205 ​ ​ 16,673 ​ ​ 6,243 ​ ​ 212 ​ ​ 66,333 Other ​ ​ 5,860 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,860 Total Net Sales ​ $ 786,522 ​ $ 195,242 ​ $ 103,396 ​ $ 48,417 ​ $ 1,133,577 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, 2018 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 710,172 ​ $ 127,286 ​ $ 63,758 ​ $ 33,930 ​ $ 935,146 Strategic Brands ​ 47,645 ​ 18,287 ​ 8,231 ​ 278 ​ 74,441 Other ​ 6,573 ​ — ​ — ​ — ​ 6,573 Total Net Sales ​ $ 764,390 ​ $ 145,573 ​ $ 71,989 ​ $ 34,208 ​ $ 1,016,160 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 2,118,835 ​ $ 458,655 ​ $ 242,561 ​ $ 130,826 ​ $ 2,950,877 Strategic Brands ​ 132,375 ​ 62,374 ​ 20,024 ​ 990 ​ 215,763 Other ​ 16,973 ​ — ​ — ​ — ​ 16,973 Total Net Sales ​ $ 2,268,183 ​ $ 521,029 ​ $ 262,585 ​ $ 131,816 ​ $ 3,183,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine-Months Ended September 30, 2018 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks $ 1,994,950 $ 376,823 $ 171,796 $ 101,520 $ 2,645,089 Strategic Brands ​ 137,502 ​ 60,567 ​ 20,148 ​ 1,794 ​ 220,011 Other ​ 17,853 ​ — ​ — ​ — ​ 17,853 Total Net Sales ​ $ 2,150,305 ​ $ 437,390 ​ $ 191,944 ​ $ 103,314 ​ $ 2,882,953 ​ 1 Europe, Middle East and Africa (“EMEA”) ​

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2019
LEASES
Schedule of lease cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months ​ Nine-Months ​ ​ Ended September 30, ​ Ended September 30, ​ 2019 2019 Operating leases: ​ ​ ​ ​ ​ ​ Lease cost ​ $ 1,223 ​ $ 3,548 Variable lease cost ​ 168 ​ 503 Operating lease cost ​ 1,391 ​ 4,051 ​ ​ ​ ​ ​ ​ ​ Short term lease cost ​ 993 ​ 2,552 ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ 172 ​ 346 Interest on finance lease liabilities ​ 13 ​ 43 Finance lease cost ​ 185 ​ 389 ​ ​ ​ ​ ​ ​ ​ Total lease cost ​ $ 2,569 ​ $ 6,992 ​
Schedule of supplemental cash flow information for leases	​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ Operating cash flows from operating leases ​ $ 3,026 Operating cash flows from finance leases ​ 43 Financing cash flows from finance leases ​ 1,497 ​ ​ ​ ​ ROU assets obtained in exchange for lease obligations: ​ ​ ​ Finance leases ​ 2,499 Operating leases ​ 27,965 ​
Schedule of ROU assets for operating and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Equipment Total Operating leases ​ $ 24,384 ​ $ 497 ​ $ 24,881 Finance leases ​ — ​ 3,525 ​ 3,525 ​
Schedule of weighted-average remaining lease term and weighted-average discount rate	​ ​ ​ ​ ​ ​ ​ ​ Operating Leases Finance Leases Weighted-average remaining lease term (years) 10.4 0.8 ​ Weighted-average discount rate 3.6 % 3.2 % ​
Schedule of reconciliation of undiscounted future lease payments for finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Undiscounted Future Lease Payments ​ Operating Leases Finance Leases 2019 (excluding the nine-months ended September 30, 2019) ​ $ 1,014 ​ $ 678 2020 ​ 3,509 ​ 1,187 2021 ​ 2,888 ​ — 2022 ​ 2,349 ​ — 2023 ​ 1,894 ​ — 2024 and thereafter ​ 14,707 ​ — Total lease payments ​ 26,361 ​ 1,865 Less interest ​ (4,666) ​ (23) Total ​ $ 21,695 ​ $ 1,842 ​ ​ ​ ​ ​ ​ ​ Accrued liabilities ​ $ 3,061 ​ $ 1,842 Other liabilities ​ 18,634 ​ — ​
Schedule of future minimum operating lease commitments	​ ​ ​ ​ ​ Year Ending December 31: ​ ​ ​ ​ ​ 2019 ​ $ 3,954 2020 ​ 2,949 2021 ​ 2,410 2022 ​ 2,114 2023 ​ 1,681 2024 and thereafter ​ 14,860 ​ ​ $ 27,968

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2019
INVESTMENTS
Summary of investments in available-for-sale	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 September 30, 2019 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 81,869 ​ $ — ​ $ — ​ $ 81,869 ​ $ — ​ $ — Certificates of deposit ​ ​ 2,502 ​ ​ — ​ ​ — ​ ​ 2,502 ​ ​ — ​ ​ — Municipal securities ​ 138,072 ​ 151 ​ 9 ​ 138,214 ​ 9 ​ — U.S. government agency securities ​ 41,186 ​ 7 ​ 37 ​ 41,156 ​ 37 ​ — U.S. treasuries ​ ​ 294,099 ​ ​ 179 ​ ​ 10 ​ ​ 294,268 ​ ​ 10 ​ ​ — Variable rate demand notes ​ ​ 29,347 ​ ​ — ​ ​ — ​ ​ 29,347 ​ ​ — ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. treasuries ​ ​ 11,174 ​ ​ 7 ​ ​ 4 ​ ​ 11,177 ​ ​ 4 ​ ​ — Municipal securities ​ ​ 3,198 ​ ​ — ​ ​ 5 ​ ​ 3,193 ​ ​ 5 ​ ​ — Total ​ $ 601,447 ​ $ 344 ​ $ 65 ​ $ 601,726 ​ $ 65 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 December 31, 2018 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 52,838 ​ $ — ​ $ — ​ $ 52,838 ​ $ — ​ $ — Certificates of deposit ​ ​ 14,075 ​ ​ — ​ ​ — ​ ​ 14,075 ​ ​ — ​ ​ — Municipal securities ​ 151,690 ​ 16 ​ 62 ​ 151,644 ​ 62 ​ — U.S. government agency securities ​ 19,943 ​ — ​ 12 ​ 19,931 ​ 12 ​ — U.S. treasuries ​ ​ 78,189 ​ ​ — ​ ​ 32 ​ ​ 78,157 ​ ​ 32 ​ ​ — Variable rate demand notes ​ ​ 4,005 ​ ​ — ​ ​ — ​ ​ 4,005 ​ ​ — ​ ​ — Total ​ $ 320,740 ​ $ 16 ​ $ 106 ​ $ 320,650 ​ $ 106 ​ $ — ​ ​
Summary of the underlying contractual maturities of investments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 ​ December 31, 2018 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 81,869 ​ $ 81,869 ​ $ 52,838 ​ $ 52,838 Municipal securities ​ 138,072 ​ 138,214 ​ 151,690 ​ 151,644 U.S. government agency securities ​ 41,186 ​ 41,156 ​ 19,943 ​ 19,931 Certificates of deposit ​ 2,502 ​ ​ 2,502 ​ ​ 14,075 ​ ​ 14,075 U.S. treasuries ​ ​ 294,099 ​ ​ 294,268 ​ ​ 78,189 ​ ​ 78,157 Due 1 - 10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ ​ 3,198 ​ ​ 3,193 ​ ​ — ​ ​ — U.S. treasuries ​ ​ 11,174 ​ ​ 11,177 ​ ​ — ​ ​ — Variable rate demand notes ​ 5,412 ​ 5,412 ​ — ​ — Due 11 - 20 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ 12,197 ​ 12,197 ​ — ​ — Due 21 - 30 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ ​ 9,721 ​ ​ 9,721 ​ ​ 4,005 ​ ​ 4,005 Due 31 - 40 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ ​ 2,017 ​ ​ 2,017 ​ ​ — ​ ​ — Total ​ $ 601,447 ​ $ 601,726 ​ $ 320,740 ​ $ 320,650

FAIR VALUE OF CERTAIN FINANCI_2

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2019
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Schedule of financial assets and liabilities recorded at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 Level 1 Level 2 Level 3 Total Cash ​ $ 557,925 ​ $ — ​ $ — ​ $ 557,925 Money market funds ​ 69,362 ​ — ​ — ​ 69,362 Certificates of deposit ​ ​ — ​ ​ 11,533 ​ ​ — ​ ​ 11,533 Commercial paper ​ — ​ 95,972 ​ — ​ 95,972 Variable rate demand notes ​ ​ — ​ ​ 29,347 ​ ​ — ​ ​ 29,347 Municipal securities ​ — ​ 159,884 ​ — ​ 159,884 U.S. government agency securities ​ — ​ 80,879 ​ — ​ 80,879 U.S. treasuries ​ ​ — ​ ​ 314,441 ​ ​ — ​ ​ 314,441 Foreign currency derivatives ​ — ​ 30 ​ — ​ 30 Total ​ $ 627,287 ​ $ 692,086 ​ $ — ​ $ 1,319,373 Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 627,287 ​ $ 90,330 ​ $ — ​ $ 717,617 Short-term investments ​ — ​ 587,356 ​ — ​ 587,356 Accounts receivable, net ​ — ​ 168 ​ — ​ 168 Investments ​ ​ — ​ ​ 14,370 ​ ​ — ​ ​ 14,370 Accrued liabilities ​ — ​ (138) ​ — ​ (138) Total ​ $ 627,287 ​ $ 692,086 ​ $ — ​ $ 1,319,373 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2018 Level 1 Level 2 Level 3 Total Cash ​ $ 393,936 ​ $ — ​ $ — ​ $ 393,936 Money market funds ​ 191,358 ​ — ​ — ​ 191,358 Certificates of deposit ​ ​ — ​ ​ 14,075 ​ ​ — ​ ​ 14,075 Commercial paper ​ — ​ 60,422 ​ — ​ 60,422 Variable rate demand notes ​ — ​ 4,005 ​ — ​ 4,005 Municipal securities ​ — ​ 177,118 ​ — ​ 177,118 U.S. government agency securities ​ — ​ 39,092 ​ — ​ 39,092 U.S. treasuries ​ ​ — ​ ​ 78,157 ​ ​ — ​ ​ 78,157 Foreign currency derivatives ​ — ​ (492) ​ — ​ (492) Total ​ $ 585,294 ​ $ 372,377 ​ $ — ​ $ 957,671 Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 585,294 ​ $ 52,219 ​ $ — ​ $ 637,513 Short-term investments ​ — ​ 320,650 ​ — ​ 320,650 Accounts receivable, net ​ — ​ 43 ​ — ​ 43 Accrued liabilities ​ — ​ (535) ​ — ​ (535) Total ​ $ 585,294 ​ $ 372,377 ​ $ — ​ $ 957,671 ​

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2019
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of notional amount and fair value of all outstanding foreign currency derivative instruments in the consolidated balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2019 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ hedging instruments under Notional Fair ASC 815-20 ​ Amount ​ Value ​ Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 35,513 ​ $ 86 ​ Accounts receivable, net Receive USD/pay AUD ​ ​ 9,625 ​ ​ 29 Accounts receivable, net Receive USD/pay COP ​ ​ 3,040 ​ ​ 23 ​ Accounts receivable, net Receive USD/pay ZAR ​ ​ 2,748 ​ ​ 19 ​ Accounts receivable, net Receive USD/pay NZD ​ ​ 2,581 ​ ​ 11 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive EUR/pay USD ​ $ 39,576 ​ $ (136) Accrued liabilities Receive USD/pay SGD ​ ​ 1,156 ​ ​ (2) Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2018 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under Notional Fair ​ ASC 815-20 ​ Amount ​ Value ​ Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive SGD/pay USD ​ $ 8,341 ​ $ 30 Accounts receivable, net Receive NOK/pay USD ​ 902 ​ 13 Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 40,648 ​ $ (323) Accrued liabilities Receive USD/pay AUD ​ 15,124 ​ (105) Accrued liabilities Receive USD/pay ZAR ​ 8,618 ​ (68) Accrued liabilities Receive USD/pay COP ​ 2,931 ​ (33) Accrued liabilities Receive USD/pay NZD ​ 2,952 ​ (4) Accrued liabilities Receive USD/pay EUR ​ 6,894 ​ (2) Accrued liabilities ​
Schedule of net losses on derivative instruments in the consolidated statements of income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain ​ Three-months ended hedging instruments under ​ recognized in income on ​ September 30, ​ September 30, ASC 815-20 derivatives 2019 2018 Foreign currency exchange contracts Interest and other income, net ​ $ 627 ​ $ 2,175 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain ​ Nine-months ended hedging instruments under ​ recognized in income on ​ September 30, ​ September 30, ASC 815-20 derivatives 2019 2018 Foreign currency exchange contracts Interest and other income, net ​ $ 475 ​ $ 7,909

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2019
INVENTORIES
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2019 ​ 2018 Raw materials ​ $ 136,555 ​ $ 94,421 Finished goods ​ 181,190 ​ 183,284 ​ ​ $ 317,745 ​ $ 277,705

PROPERTY AND EQUIPMENT, Net (Ta

PROPERTY AND EQUIPMENT, Net (Tables)	9 Months Ended
	Sep. 30, 2019
PROPERTY AND EQUIPMENT, NET
Schedule of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2019 ​ 2018 Land ​ $ 44,261 ​ $ 44,261 Leasehold improvements ​ 8,487 ​ 5,909 Furniture and fixtures ​ 7,649 ​ 6,932 Office and computer equipment ​ 21,066 ​ 18,717 Computer software ​ 4,252 ​ 3,278 Equipment ​ 193,326 ​ 183,727 Buildings ​ 126,052 ​ 115,242 Vehicles ​ 40,610 ​ 39,026 ​ ​ 445,703 ​ 417,092 Less: accumulated depreciation and amortization ​ (193,943) ​ (174,041) ​ ​ $ 251,760 ​ $ 243,051 ​

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy ® ​ Strategic ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2018 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at September 30, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy ® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2017 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ ​ — ​ ​ — ​ ​ — ​ ​ — Balance at September 30, 2018 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​
Schedule of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2019 ​ 2018 Amortizing intangibles ​ $ 66,952 ​ $ 71,350 Accumulated amortization ​ (46,227) ​ (38,311) ​ ​ 20,725 ​ 33,039 Non-amortizing intangibles ​ 1,026,748 ​ 1,012,839 ​ ​ $ 1,047,473 ​ $ 1,045,878 ​
Schedule of future estimated amortization expense related to amortizing intangibles	The following is the future estimated amortization expense related to amortizing intangibles as of September 30, 2019: ​ ​ ​ ​ ​ 2019 (excluding the nine-months ended September 30, 2019) $ 2,887 2020 ​ 7,668 2021 ​ 4,424 2022 ​ 4,399 2023 ​ 1,106 2024 and thereafter ​ 241 ​ ​ $ 20,725

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	9 Months Ended
	Sep. 30, 2019
ACCUMULATED OTHER COMPREHENSIVE LOSS
Schedule of components of accumulated other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency (Gains) Losses ​ ​ ​ ​ Translation ​ on Available-for- ​ ​ ​ ​ ​ Losses ​ Sale Securities ​ Total Balance at December 31, 2018 ​ $ 32,775 ​ $ 89 ​ $ 32,864 Other comprehensive income before reclassifications ​ 10,586 ​ ​ (367) ​ ​ 10,219 Amounts reclassified from accumulated other comprehensive loss (income) ​ — ​ ​ — ​ ​ — Net current-period other comprehensive (income) loss ​ 10,586 ​ ​ (367) ​ ​ 10,219 Balance at September 30, 2019 ​ $ 43,361 ​ $ (278) ​ $ 43,083 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency ​ (Gains) Losses ​ ​ ​ ​ Translation on Available-for- ​ ​ ​ ​ Losses ​ Sale Securities ​ Total Balance at December 31, 2017 ​ $ 15,818 ​ $ 841 ​ $ 16,659 Other comprehensive loss (income) before reclassifications ​ 13,728 ​ ​ (610) ​ ​ 13,118 Amounts reclassified from accumulated other comprehensive loss (income) ​ — ​ ​ — ​ ​ — Net current-period other comprehensive loss (income) ​ 13,728 ​ ​ (610) ​ ​ 13,118 Balance at September 30, 2018 ​ $ 29,546 ​ $ 231 ​ $ 29,777

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2019
STOCK-BASED COMPENSATION
Schedule of weighted-average assumptions used to estimate the fair value of options granted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended September 30, ​ Nine-Months Ended September 30, ​ ​ 2019 2018 2019 2018 ​ Dividend yield 0 % 0 % 0 % 0 % Expected volatility 30.2 % 34.5 % 30.2 % 34.9 % Risk-free interest rate 1.4 % 2.9 % 2.4 % 2.8 % Expected term 5.8 years 6.1 years 6.0 years 6.1 years ​
Summary of activities with respect to its stock option plans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Weighted- ​ Average ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ ​ ​ ​ Number of ​ Exercise ​ Contractual ​ ​ ​ ​ ​ Shares (in ​ Price Per ​ Term (In ​ Aggregate Options thousands) Share years) Intrinsic Outstanding at January 1, 2019 18,890 ​ $ 34.61 5.8 ​ $ 303,627 Granted 01/01/19 - 03/31/19 1,570 ​ $ 59.52 ​ ​ ​ ​ ​ Granted 04/01/19 - 06/30/19 ​ — ​ $ — ​ ​ ​ ​ ​ Granted 07/01/19 - 09/30/19 ​ 52 ​ $ 58.54 ​ ​ ​ ​ ​ Exercised (4,999) ​ $ 17.05 ​ ​ ​ ​ ​ Cancelled or forfeited (373) ​ $ 50.42 ​ ​ ​ ​ ​ Outstanding at September 30, 2019 15,140 ​ $ 42.69 6.5 ​ $ 237,041 Vested and expected to vest in the future at September 30, 2019 14,290 ​ $ 41.98 6.4 ​ $ 233,489 Exercisable at September 30, 2019 7,557 ​ $ 33.14 5.2 ​ $ 188,583 ​
Summary of activities with respect to non-vested restricted stock units	​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average ​ ​ Shares (in ​ Grant-Date ​ ​ thousands) ​ Fair Value Non-vested at January 1, 2019 529 ​ $ 51.55 Granted 01/01/19 - 03/31/19 548 ​ $ 59.66 Granted 04/01/19 - 06/30/19 ​ 18 ​ $ 63.48 Granted 07/01/19 - 09/30/19 ​ 1 ​ $ 66.00 Vested (265) ​ $ 50.10 Forfeited/cancelled (6) ​ $ 59.67 Non-vested at September 30, 2019 825 ​ $ 57.63 ​

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2019
INCOME TAXES
Schedule of roll-forward of the total gross unrecognized tax benefits, not including interest and penalties	​ ​ ​ ​ ​ ​ Gross Unrecognized Tax ​ ​ Benefits Balance at December 31, 2018 ​ $ 5,035 Additions for tax positions related to the current year ​ — Additions for tax positions related to the prior years ​ 1,171 Decreases related to settlement with taxing authority ​ — Balance at September 30, 2019 ​ $ 6,206

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2019
EARNINGS PER SHARE
Schedule of reconciliation of the weighted average shares used in the basic and diluted earnings per common share computations	A reconciliation of the weighted-average shares used in the basic and diluted earnings per common share computations is presented below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2019 2018 2019 2018 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ ​ ​ Basic 544,469 552,694 543,804 559,472 Dilutive 3,953 7,261 4,583 7,319 Diluted 548,422 559,955 548,387 566,791

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2019
SEGMENT INFORMATION
Schedule of net revenues and other financial information by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2019 2018 2019 2018 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks (1) ​ $ 1,061,383 ​ $ 935,146 ​ $ 2,950,877 ​ $ 2,645,089 Strategic Brands ​ 66,333 ​ 74,441 ​ 215,763 ​ 220,011 Other ​ 5,861 ​ 6,573 ​ 16,973 ​ 17,853 Corporate and unallocated ​ — ​ — ​ — ​ — ​ ​ $ 1,133,577 ​ $ 1,016,160 ​ $ 3,183,613 ​ $ 2,882,953 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2019 2018 2019 2018 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® (1) (2) ​ $ 433,848 ​ $ 359,090 ​ $ 1,187,652 ​ $ 1,033,895 Strategic Brands ​ 35,107 ​ 41,661 ​ 130,762 ​ 135,054 Other ​ 1,005 ​ 1,742 ​ 3,026 ​ 4,539 Corporate and unallocated ​ (74,517) ​ (62,920) ​ (235,546) ​ (196,380) ​ ​ $ 395,443 ​ $ 339,573 ​ $ 1,085,894 ​ $ 977,108 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2019 2018 2019 2018 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® (1) (2) ​ $ 434,003 ​ $ 359,216 ​ $ 1,187,916 ​ $ 1,034,521 Strategic Brands ​ 35,106 ​ 41,659 ​ 130,758 ​ 135,075 Other ​ 1,005 ​ 1,742 ​ 3,031 ​ 4,539 Corporate and unallocated ​ (71,550) ​ (60,056) ​ (226,976) ​ (191,758) ​ ​ $ 398,564 ​ $ 342,561 ​ $ 1,094,729 ​ $ 982,377 ​ (1) Includes $10.7 million and $11.1 million for the three-months ended September 30, 2019 and 2018, respectively, related to the recognition of deferred revenue. Includes $35.6 million and $33.3 million for the nine-months ended September 30, 2019 and 2018, respectively, related to the recognition of deferred revenue. ​ (2) Includes $0.0 million and $14.1 million for the three-months ended September 30, 2019 and 2018, respectively, related to distributor termination costs. Includes $11.0 million and $26.6 million for the nine-months ended September 30, 2019 and 2018, respectively, related to distributor termination costs. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Nine-Months Ended ​ ​ September 30, ​ September 30, ​ 2019 2018 2019 2018 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® ​ $ 9,319 ​ $ 9,157 ​ $ 29,449 ​ $ 26,926 Strategic Brands ​ 1,990 ​ 1,947 ​ 5,925 ​ 5,819 Other ​ 1,162 ​ 1,167 ​ 3,475 ​ 3,493 Corporate and unallocated ​ 2,050 ​ 2,014 ​ 6,172 ​ 6,231 ​ ​ $ 14,521 ​ $ 14,285 ​ $ 45,021 ​ $ 42,469
Schedule of goodwill and other intangible assets for the reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® ​ $ 1,377,824 ​ $ 1,368,620 Strategic Brands ​ 985,742 ​ 989,944 Other ​ 15,550 ​ 18,957 Corporate and unallocated ​ — ​ — ​ ​ $ 2,379,116 ​ $ 2,377,521

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2019
RELATED PARTY TRANSACTIONS
Schedule of related party transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2019 2018 Accounts receivable, net ​ $ 35,520 ​ $ 25,312 Accounts payable ​ $ (25,601) ​ $ (54,430) Accrued promotional allowances ​ $ (6,185) ​ $ (4,044)

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS - (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Jan. 01, 2019
RECENT ACCOUNTING PRONOUNCEMENTS
Lease, practical expedients	true
Operating lease right-of-use assets	$ 24,881
Operating lease liabilities	$ 21,695
ASU 2016-02
RECENT ACCOUNTING PRONOUNCEMENTS
Operating lease right-of-use assets		$ 26,300
Operating lease liabilities		$ 22,600

REVENUE RECOGNITION - (Details)

REVENUE RECOGNITION - (Details)	9 Months Ended
	Sep. 30, 2019segment
REVENUE RECOGNITION
Number of operating segments	3
Number of reportable segments	3
Distribution agreement, revenue recognition period	20 years

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Total Net Sales	$ 1,133,577	$ 1,016,160	$ 3,183,613	$ 2,882,953
Contract Liabilities
Deferred revenue	335,900		335,900		$ 356,300
Deferred revenue recognized in net sales	10,700	11,100	35,600	33,300
U.S. And Canada
Total Net Sales	786,522	764,390	2,268,183	2,150,305
EMEA
Total Net Sales	195,242	145,573	521,029	437,390
Asia Pacific
Total Net Sales	103,396	71,989	262,585	191,944
Latin America And Caribbean
Total Net Sales	48,417	34,208	131,816	103,314
Monster Energy Drinks
Total Net Sales	1,061,384	935,146	2,950,877	2,645,089
Monster Energy Drinks | U.S. And Canada
Total Net Sales	737,457	710,172	2,118,835	1,994,950
Monster Energy Drinks | EMEA
Total Net Sales	178,569	127,286	458,655	376,823
Monster Energy Drinks | Asia Pacific
Total Net Sales	97,153	63,758	242,561	171,796
Monster Energy Drinks | Latin America And Caribbean
Total Net Sales	48,205	33,930	130,826	101,520
Strategic Brands
Total Net Sales	66,333	74,441	215,763	220,011
Strategic Brands | U.S. And Canada
Total Net Sales	43,205	47,645	132,375	137,502
Strategic Brands | EMEA
Total Net Sales	16,673	18,287	62,374	60,567
Strategic Brands | Asia Pacific
Total Net Sales	6,243	8,231	20,024	20,148
Strategic Brands | Latin America And Caribbean
Total Net Sales	212	278	990	1,794
Other
Total Net Sales	5,860	6,573	16,973	17,853
Other | U.S. And Canada
Total Net Sales	$ 5,860	$ 6,573	$ 16,973	$ 17,853

LEASES - Lease Terms (Details)

LEASES - Lease Terms (Details)	9 Months Ended
	Sep. 30, 2019
LEASES
Operating leases, options to extend	true
Finance leases, options to extend	true
Operating leases, options to terminate	true
Finance leases, options to terminate	true
Minimum
LEASES
Operating leases, lease term (in years)	1 year
Finance leases, lease term (in years)	1 year
Maximum
LEASES
Operating leases, lease term (in years)	15 years
Finance leases, lease term (in years)	15 years
Operating leases, renewal lease term (in years)	5 years
Finance leases, renewal lease term (in years)	5 years
Operating leases, termination period (in years)	1 year
Finance leases, termination period (in years)	1 year

LEASES - Lease Cost (Details)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Operating leases:
Lease cost	$ 1,223	$ 3,548
Variable lease cost	168	503
Operating lease cost	1,391	4,051
Short term lease cost	993	2,552
Finance leases:
Amortization of ROU assets	172	346
Interest on finance lease liabilities	13	43
Finance lease cost	185	389
Total lease cost	$ 2,569	$ 6,992

LEASES - Supplemental cash flow

LEASES - Supplemental cash flow information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 3,026
Operating cash flows from finance leases	43
Financing cash flows from finance leases	1,497
ROU assets obtained in exchange for lease obligations:
Finance leases	2,499
Operating leases	$ 27,965

LEASES - ROU assets for operati

LEASES - ROU assets for operating and finance leases (Details) $ in Thousands	Sep. 30, 2019USD ($)
ROU assets for operating and finance leases
Operating leases	$ 24,881
Finance leases	3,525
Real Estate
ROU assets for operating and finance leases
Operating leases	24,384
Equipment
ROU assets for operating and finance leases
Operating leases	497
Finance leases	$ 3,525

LEASES - Weighted-average remai

LEASES - Weighted-average remaining lease term and weighted-average discount rate (Details)	Sep. 30, 2019
LEASES
Weighted-average remaining lease term (years), Operating Leases	10 years 4 months 24 days
Weighted-average remaining lease term (years), Finance Leases	9 months 18 days
Weighted-average discount rate, Operating Leases	3.60%
Weighted-average discount rate, Finance Leases	3.20%

LEASES - Undiscounted future le

LEASES - Undiscounted future lease payments for operating and finance leases (Details) $ in Thousands	Sep. 30, 2019USD ($)
Operating Leases
2019 (excluding the nine-months ended September 30, 2019)	$ 1,014
2020	3,509
2021	2,888
2022	2,349
2023	1,894
2024 and thereafter	14,707
Total lease payments	26,361
Less interest	(4,666)
Total	21,695
Finance Leases
2019 (excluding the nine-months ended September 30, 2019)	678
2020	1,187
Total lease payments	1,865
Less interest	(23)
Total	1,842
Accrued liabilities, Operating Leases	3,061
Accrued liabilities, Finance Leases	1,842
Other liabilities, Operating Leases	$ 18,634

LEASES - ASC 840 (Details)

LEASES - ASC 840 (Details) $ in Thousands	Dec. 31, 2018USD ($)
Future minimum operating lease commitments
2019	$ 3,954
2020	2,949
2021	2,410
2022	2,114
2023	1,681
2024 and thereafter	14,860
Total	$ 27,968

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Available-for-sale
Amortized Cost	$ 601,447	$ 320,740
Gross Unrealized Holding Gains	344	16
Gross Unrealized Holding Losses	65	106
Fair Value	601,726	320,650
Continuous Unrealized Loss Position less than 12 Months	65	106
Short-term | Commercial paper
Available-for-sale
Amortized Cost	81,869	52,838
Fair Value	81,869	52,838
Short-term | Certificates of deposit
Available-for-sale
Amortized Cost	2,502	14,075
Fair Value	2,502	14,075
Short-term | Municipal securities
Available-for-sale
Amortized Cost	138,072	151,690
Gross Unrealized Holding Gains	151	16
Gross Unrealized Holding Losses	9	62
Fair Value	138,214	151,644
Continuous Unrealized Loss Position less than 12 Months	9	62
Short-term | U.S. government agency securities
Available-for-sale
Amortized Cost	41,186	19,943
Gross Unrealized Holding Gains	7
Gross Unrealized Holding Losses	37	12
Fair Value	41,156	19,931
Continuous Unrealized Loss Position less than 12 Months	37	12
Short-term | U.S. treasuries
Available-for-sale
Amortized Cost	294,099	78,189
Gross Unrealized Holding Gains	179
Gross Unrealized Holding Losses	10	32
Fair Value	294,268	78,157
Continuous Unrealized Loss Position less than 12 Months	10	32
Short-term | Variable rate demand notes
Available-for-sale
Amortized Cost	29,347	4,005
Fair Value	29,347	$ 4,005
Long-term | Municipal securities
Available-for-sale
Amortized Cost	3,198
Gross Unrealized Holding Losses	5
Fair Value	3,193
Continuous Unrealized Loss Position less than 12 Months	5
Long-term | U.S. treasuries
Available-for-sale
Amortized Cost	11,174
Gross Unrealized Holding Gains	7
Gross Unrealized Holding Losses	4
Fair Value	11,177
Continuous Unrealized Loss Position less than 12 Months	$ 4

INVESTMENTS - Maturity Period (

INVESTMENTS - Maturity Period (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Investments
Amortized Cost	$ 601,447	$ 320,740
Fair Value	601,726	320,650
Commercial paper | Less than 1 year
Investments
Amortized Cost	81,869	52,838
Fair Value	81,869	52,838
Municipal securities | Less than 1 year
Investments
Amortized Cost	138,072	151,690
Fair Value	138,214	151,644
Municipal securities | Due 1 - 10 years
Investments
Amortized Cost	3,198
Fair Value	3,193
U.S. government agency securities | Less than 1 year
Investments
Amortized Cost	41,186	19,943
Fair Value	41,156	19,931
Certificates of deposit | Less than 1 year
Investments
Amortized Cost	2,502	14,075
Fair Value	2,502	14,075
U.S. treasuries | Less than 1 year
Investments
Amortized Cost	294,099	78,189
Fair Value	294,268	78,157
U.S. treasuries | Due 1 - 10 years
Investments
Amortized Cost	11,174
Fair Value	11,177
Variable rate demand notes | Due 1 - 10 years
Investments
Amortized Cost	5,412
Fair Value	5,412
Variable rate demand notes | Due 11 - 20 years
Investments
Amortized Cost	12,197
Fair Value	12,197
Variable rate demand notes | Due 21 - 30 years
Investments
Amortized Cost	9,721	4,005
Fair Value	9,721	$ 4,005
Variable rate demand notes | Due 31 - 40 years
Investments
Amortized Cost	2,017
Fair Value	$ 2,017

FAIR VALUE OF CERTAIN FINANCI_3

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES - Assets - Recurring Basis (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Fair value of certain financial assets and liabilities
Cash and cash equivalents	$ 717,617	$ 637,513	$ 713,714	$ 528,622
Short-term investments	587,356	320,650
Investments	14,370
Asset transfers between Level 1 and Level 2 measurements	0	0
Total fair value
Fair value of certain financial assets and liabilities
Cash	557,925	393,936
Foreign currency derivatives	30
Assets measured at fair value	1,319,373	957,671
Cash and cash equivalents	717,617	637,513
Short-term investments	587,356	320,650
Accounts receivable, net	168	43
Investments	14,370
Accrued liabilities	(138)	(535)
Foreign currency derivatives		(492)
Total fair value | Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	69,362	191,358
Total fair value | Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	11,533	14,075
Total fair value | Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	95,972	60,422
Total fair value | Variable rate demand notes
Fair value of certain financial assets and liabilities
Assets measured at fair value	29,347	4,005
Total fair value | Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	159,884	177,118
Total fair value | U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	80,879	39,092
Total fair value | U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	314,441	78,157
Level 1
Fair value of certain financial assets and liabilities
Cash	557,925	393,936
Assets measured at fair value	627,287	585,294
Cash and cash equivalents	627,287	585,294
Level 1 | Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	69,362	191,358
Level 2
Fair value of certain financial assets and liabilities
Foreign currency derivatives	30
Assets measured at fair value	692,086	372,377
Cash and cash equivalents	90,330	52,219
Short-term investments	587,356	320,650
Accounts receivable, net	168	43
Investments	14,370
Accrued liabilities	(138)	(535)
Foreign currency derivatives		(492)
Level 2 | Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	11,533	14,075
Level 2 | Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	95,972	60,422
Level 2 | Variable rate demand notes
Fair value of certain financial assets and liabilities
Assets measured at fair value	29,347	4,005
Level 2 | Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	159,884	177,118
Level 2 | U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	80,879	39,092
Level 2 | U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	$ 314,441	$ 78,157

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amount and Fair Value (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Foreign currency exchange contracts | Maximum
Derivative Instruments and Hedging Activities
Term of derivative instrument	1 month
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay GBP
Derivative Instruments and Hedging Activities
Notional amount, Assets	$ 35,513
Fair Value, Assets	86
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay AUD
Derivative Instruments and Hedging Activities
Notional amount, Assets	9,625
Fair Value, Assets	29
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay COP
Derivative Instruments and Hedging Activities
Notional amount, Assets	3,040
Fair Value, Assets	23
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay ZAR
Derivative Instruments and Hedging Activities
Notional amount, Assets	2,748
Fair Value, Assets	19
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay NZD
Derivative Instruments and Hedging Activities
Notional amount, Assets	2,581
Fair Value, Assets	11
Not designated as hedging instruments | Accounts receivable, net | Receive SGD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets		$ 8,341
Fair Value, Assets		30
Not designated as hedging instruments | Accounts receivable, net | Receive NOK/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets		902
Fair Value, Assets		13
Not designated as hedging instruments | Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		15,124
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay GBP
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		40,648
Fair Value, Liabilities		(323)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay AUD
Derivative Instruments and Hedging Activities
Fair Value, Liabilities		(105)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay COP
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		2,931
Fair Value, Liabilities		(33)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay ZAR
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		8,618
Fair Value, Liabilities		(68)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay NZD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		2,952
Fair Value, Liabilities		(4)
Not designated as hedging instruments | Accrued liabilities | Receive EUR/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	39,576
Fair Value, Liabilities	(136)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay SGD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	1,156
Fair Value, Liabilities	$ (2)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay EUR
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		6,894
Fair Value, Liabilities		$ (2)

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Nonhedging Designation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Not designated as hedging instruments | Foreign currency exchange contracts | Interest and other income, net
Net (losses) gains on derivative instruments
Amount of (loss) gain recognized in income on derivatives	$ 627	$ 2,175	$ 475	$ 7,909

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
INVENTORIES
Raw materials	$ 136,555	$ 94,421
Finished goods	181,190	183,284
Inventories	$ 317,745	$ 277,705

PROPERTY AND EQUIPMENT, Net (De

PROPERTY AND EQUIPMENT, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Property and equipment, net
Property and equipment, gross	$ 445,703		$ 445,703		$ 417,092
Less: accumulated depreciation and amortization	(193,943)		(193,943)		(174,041)
Property and equipment, net	251,760		251,760		243,051
Total depreciation and amortization expense	11,600	$ 11,300	36,300	$ 33,500
Land
Property and equipment, net
Property and equipment, gross	44,261		44,261		44,261
Leasehold improvements
Property and equipment, net
Property and equipment, gross	8,487		8,487		5,909
Furniture and fixtures
Property and equipment, net
Property and equipment, gross	7,649		7,649		6,932
Office and computer equipment
Property and equipment, net
Property and equipment, gross	21,066		21,066		18,717
Computer software
Property and equipment, net
Property and equipment, gross	4,252		4,252		3,278
Equipment
Property and equipment, net
Property and equipment, gross	193,326		193,326		183,727
Buildings
Property and equipment, net
Property and equipment, gross	126,052		126,052		115,242
Vehicles
Property and equipment, net
Property and equipment, gross	$ 40,610		$ 40,610		$ 39,026

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Goodwill
Goodwill, Beginning Balance	$ 1,331,643	$ 1,331,643	$ 1,331,643
Goodwill, Ending Balance	1,331,643	1,331,643	1,331,643
Monster Energy Drinks
Goodwill
Goodwill, Beginning Balance	693,644	693,644	693,644
Goodwill, Ending Balance	693,644	693,644	693,644
Strategic Brands
Goodwill
Goodwill, Beginning Balance	637,999	637,999	637,999
Goodwill, Ending Balance	$ 637,999	$ 637,999	$ 637,999

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Intangible assets
Amortizing intangibles	$ 66,952		$ 66,952		$ 71,350
Accumulated amortization	(46,227)		(46,227)		(38,311)
Amortizing intangibles, net	20,725		20,725		33,039
Non-amortizing intangibles	1,026,748		1,026,748		1,012,839
Intangibles, net	1,047,473		1,047,473		$ 1,045,878
Amortization expense	$ 2,900	$ 3,000	$ 8,700	$ 9,000
Minimum
Intangible assets
Useful life of intangible assets			5 years
Maximum
Intangible assets
Useful life of intangible assets			7 years

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization expense (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Future estimated amortization expense related to amortizing intangibles
2019	$ 2,887
2020	7,668
2021	4,424
2022	4,399
2023	1,106
2024 and thereafter	241
Amortizing intangibles, net	$ 20,725	$ 33,039

DISTRIBUTION AGREEMENTS (Detail

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
DISTRIBUTION AGREEMENTS
Termination costs	$ 0	$ 14.1	$ 11	$ 26.6
Distribution agreement (in years)			20 years
Revenue recognized	$ 10.7	$ 11.1	$ 35.6	$ 33.3

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Purchase Commitments (Details) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Oct. 31, 2019USD ($)	Sep. 30, 2019USD ($)a	Sep. 30, 2019USD ($)a	Dec. 31, 2018USD ($)	Feb. 28, 2018USD ($)
Purchase Commitments
Aggregate contractual obligations		$ 171.6	$ 171.6
Line of credit
Purchase Commitments
Maximum borrowing capacity				$ 9	$ 15
Interest rate (as a percent)		5.50%	5.50%
Amount outstanding		$ 0	$ 0
Land in Athy, County Kildare, Ireland
Purchase Commitments
Purchase price		12
Initial payment on acquisition	$ 1.2
Land in San Fernando
Purchase Commitments
Purchase price		$ 33.7
Land (in acres) | a		7.66	7.66
Raw materials
Purchase Commitments
Purchase commitments			$ 29.3
Obligation term ( in years)			1 year

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Legal Proceedings (Details) $ in Millions	Sep. 30, 2019USD ($)
COMMITMENTS AND CONTINGENCIES
Accrued loss contingencies	$ 2

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	$ 32,864	$ 16,659
Other comprehensive loss (income) before reclassifications	10,219	13,118
Net current-period other comprehensive loss (income)	10,219	13,118
Balance at the end of the period	43,083	29,777
Currency Translation Losses
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	32,775	15,818
Other comprehensive loss (income) before reclassifications	10,586	13,728
Net current-period other comprehensive loss (income)	10,586	13,728
Balance at the end of the period	43,361	29,546
Unrealized (Gains) Losses on Available-for-Sale Securities
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	89	841
Other comprehensive loss (income) before reclassifications	(367)	(610)
Net current-period other comprehensive loss (income)	(367)	(610)
Balance at the end of the period	$ (278)	$ 231

TREASURY STOCK (Details)

TREASURY STOCK (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Nov. 06, 2019	Feb. 26, 2019	Aug. 07, 2018
Treasury Stock Purchase
Common stock repurchased	$ 254,308	$ 621	$ 222,792	$ 553,200	$ 251,949
Number of shares repurchased of common stock from employees in lieu of cash or withholding taxes due	0
August 2018 Repurchase Plan
Treasury Stock Purchase
Share repurchase program, authorized amount								$ 500,000
Common stock repurchased (in shares)	400,000
Average purchase price (in dollars per share)	$ 58.32
Common stock repurchased	$ 20,600
February 2019 Repurchase Plan
Treasury Stock Purchase
Common stock repurchased (in shares)	4
Average purchase price (in dollars per share)	$ 58.62
Common stock repurchased	$ 233,700
Share repurchase program, authorized remaining amount						$ 36,600
February 2019 Repurchase Plan | Maximum
Treasury Stock Purchase
Share repurchase program, authorized amount							$ 500,000

STOCK-BASED COMPENSATION - Plan

STOCK-BASED COMPENSATION - Plans (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)plan	Sep. 30, 2018USD ($)
STOCK-BASED COMPENSATION
Stock-based compensation plans | plan			2
Compensation expense on share-based plans	$ 16	$ 14.1	$ 46.9	$ 42.4
Excess tax benefit realized for tax deductions from non-qualified stock option exercises and disqualifying dispositions of incentive stock options	$ 0.5	$ 3.1	$ 26.7	$ 7.7

STOCK-BASED COMPENSATION - Fair

STOCK-BASED COMPENSATION - Fair Value Assumptions (Details) - Stock options - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Weighted-average assumptions used to estimate the fair value of options granted
Dividend yield (as a percent)	0.00%		0.00%	0.00%	0.00%
Expected volatility (as a percent)	30.20%		34.50%	30.20%	34.90%
Risk-free interest rate (as a percent)	1.40%		2.90%	2.40%	2.80%
Expected term	5 years 9 months 18 days		6 years 1 month 6 days	6 years	6 years 1 month 6 days
Stock options, Number of Shares
Balance at the beginning of the period (in shares)		18,890		18,890
Granted (in shares)	52	1,570
Exercised (in shares)				(4,999)
Cancelled or forfeited (in shares)				(373)
Balance at the end of the period (in shares)	15,140			15,140		18,890
Vested and expected to vest in the future at the end of the period (in shares)	14,290			14,290
Exercisable at the end of the period (in shares)	7,557			7,557
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share)		$ 34.61		$ 34.61
Granted (in dollars per share)		$ 59.52
Exercised (in dollars per share)				17.05
Cancelled or forfeited (in dollars per share)				50.42
Balance at the end of the period (in dollars per share)	$ 42.69			42.69		$ 34.61
Vested and expected to vest in the future at the end of the period (in dollars per share)	41.98			41.98
Exercisable at the end of the period (in dollars per share)	$ 33.14			$ 33.14
Weighted-Average Remaining Contractual Term (in years)
Balance at the beginning of the period				6 years 6 months		5 years 9 months 18 days
Balance at the end of the period				6 years 6 months		5 years 9 months 18 days
Vested and expected to vest in the future at the end of the period				6 years 4 months 24 days
Exercisable at the end of the period				5 years 2 months 12 days
Aggregate Intrinsic Value
Balance at the beginning of the period		$ 303,627		$ 303,627
Balance at the end of the period	$ 237,041			237,041		$ 303,627
Vested and expected to vest in the future at the end of the period	233,489			233,489
Exercisable at the end of the period	$ 188,583			$ 188,583

STOCK-BASED COMPENSATION - Equi

STOCK-BASED COMPENSATION - Equity Awards (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended				9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
STOCK-BASED COMPENSATION
Cost expected to be recognized over a weighted-average period					2 years 6 months
Stock options
STOCK-BASED COMPENSATION
Granted (in shares)	52		1,570
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 18.32			$ 22.80	$ 20.24	$ 22.51
Total intrinsic value of options exercised	$ 2.4			$ 19.2	$ 213.8	$ 52.1
Cash received from option exercises	4.1			$ 10.9	85.2	$ 24.5
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 90.4				$ 90.4
Stock units expected to vest (in shares)	14,290				14,290
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)	$ 58.54
Restricted stock units
STOCK-BASED COMPENSATION
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 33.4				$ 33.4
Cost expected to be recognized over a weighted-average period					2 years 10 months 24 days
Stock units expected to vest (in shares)	700				700
Number of Shares
Non-vested at the beginning of the period (in shares)			529		529
Granted (in shares)	1	18	548
Vested (in shares)					(265)
Forfeited/cancelled (in shares)					(6)
Non-vested at the end of the period (in shares)	825				825
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)			$ 51.55		$ 51.55
Granted (in dollars per share)	$ 66	$ 63.48	$ 59.66	$ 58.72	59.79	$ 57.59
Vested (in dollars per share)					50.10
Forfeited/cancelled (in dollars per share)					59.67
Non-vested at the end of the period (in dollars per share)	$ 57.63				$ 57.63

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefit Rollforward (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Gross unrecognized tax benefits, roll forward
Balance at the beginning of the period	$ 5,035
Additions for tax positions related to the prior years	1,171
Balance at the end of the period	6,206
Accrued interest and penalties related to unrecognized tax benefits	$ 1,400

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Weighted-average shares outstanding:
Basic	544,469	552,694	543,804	559,472
Dilutive	3,953	7,261	4,583	7,319
Diluted	548,422	559,955	548,387	566,791
Options and awards outstanding excluded from the calculations as their effect would have been antidilutive (in shares)	4,700	3,200	4,300	3,000

SEGMENT INFORMATION - Net Reven

SEGMENT INFORMATION - Net Revenues (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)
Segment information
Number of reportable segments | segment			3
Number of operating segments | segment			3
Total Net Sales	$ 1,133,577	$ 1,016,160	$ 3,183,613	$ 2,882,953
Operating income	395,443	339,573	1,085,894	977,108
Income before tax	398,564	342,561	1,094,729	982,377
Recognition of deferred revenue	10,700	11,100	35,600	33,300
Corporate and unallocated
Segment information
Operating income	(74,517)	(62,920)	(235,546)	(196,380)
Income before tax	(71,550)	(60,056)	(226,976)	(191,758)
Monster Energy Drinks
Segment information
Total Net Sales	1,061,384	935,146	2,950,877	2,645,089
Monster Energy Drinks | Operating segment
Segment information
Total Net Sales	1,061,383	935,146	2,950,877	2,645,089
Operating income	433,848	359,090	1,187,652	1,033,895
Income before tax	434,003	359,216	1,187,916	1,034,521
Recognition of deferred revenue	10,700	11,100	35,600	33,300
Distribution Agreements Termination Cost	0	14,100	11,000	26,600
Strategic Brands
Segment information
Total Net Sales	66,333	74,441	215,763	220,011
Strategic Brands | Operating segment
Segment information
Total Net Sales	66,333	74,441	215,763	220,011
Operating income	35,107	41,661	130,762	135,054
Income before tax	35,106	41,659	130,758	135,075
Other
Segment information
Total Net Sales	5,860	6,573	16,973	17,853
Other | Operating segment
Segment information
Total Net Sales	5,861	6,573	16,973	17,853
Operating income	1,005	1,742	3,026	4,539
Income before tax	$ 1,005	$ 1,742	$ 3,031	$ 4,539

SEGMENT INFORMATION - Depreciat

SEGMENT INFORMATION - Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment information
Depreciation and amortization	$ 14,521	$ 14,285	$ 47,843	$ 42,469
Depreciation and amortization			45,021
Corporate and unallocated
Segment information
Depreciation and amortization	2,050	2,014	6,172	6,231
Monster Energy Drinks | Operating segment
Segment information
Depreciation and amortization	9,319	9,157	29,449	26,926
Strategic Brands | Operating segment
Segment information
Depreciation and amortization	1,990	1,947	5,925	5,819
Other | Operating segment
Segment information
Depreciation and amortization	$ 1,162	$ 1,167	$ 3,475	$ 3,493

SEGMENT INFORMATION - Expenses

SEGMENT INFORMATION - Expenses (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment information
Stock-based compensation expense	$ 16	$ 14.1	$ 46.9	$ 42.4
Corporate and unallocated
Segment information
Payroll costs	50.1	42.1	151	129.9
Stock-based compensation expense	16	14	46.9	42.4
Professional service expenses	13.3	12.3	49.2	36.5
Other operating expenses	$ 11.1	$ 8.5	$ 35.3	$ 30

SEGMENT INFORMATION - Concentra

SEGMENT INFORMATION - Concentration Risk (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment information
Total Net Sales	$ 1,133,577	$ 1,016,160	$ 3,183,613	$ 2,882,953
Net Sales | Outside United States
Segment information
Percentage of net sales	34.00%	28.00%	32.00%	28.00%
Total Net Sales	$ 379,800	$ 283,000	$ 1,010,000	$ 818,800
CCBCC Operations, LLC | Net Sales | Customer concentration
Segment information
Percentage of net sales	13.00%	14.00%	13.00%	14.00%
Reyes Coca-Cola Bottling | Net Sales | Customer concentration
Segment information
Percentage of net sales	12.00%	13.00%	12.00%	13.00%
Coca-Cola European Partners | Net Sales | Customer concentration
Segment information
Percentage of net sales	10.00%	9.00%	10.00%	9.00%

SEGMENT INFORMATION - Goodwill

SEGMENT INFORMATION - Goodwill and other intangible assets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Segment information
Goodwill and other intangible assets	$ 2,379,116	$ 2,377,521
Corporate and unallocated
Segment information
Goodwill and other intangible assets	0	0
Monster Energy Drinks | Operating segment
Segment information
Goodwill and other intangible assets	1,377,824	1,368,620
Strategic Brands | Operating segment
Segment information
Goodwill and other intangible assets	985,742	989,944
Other | Operating segment
Segment information
Goodwill and other intangible assets	$ 15,550	$ 18,957

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)director	Sep. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Related party transactions
Capital contribution	$ 0		$ 50
Equity loss	(4,107,978)	$ (3,893,267)	(4,107,978)	$ (3,893,267)	$ (4,057,586)	$ (3,698,820)	$ (3,610,901)	$ (3,605,161)	$ (3,875,607)	$ (3,895,212)
TCCC
Related party transactions
Net sales	21,000	42,300	59,500	117,000
Purchases from related party	6,300	7,400	20,200	21,600
TCCC Subsidiaries and TCCC Related parties
Related party transactions
Commission expenses			39,500
TCCC Independent Bottlers
Related party transactions
Commission expenses	11,600	13,700		38,100
TCCC Subsidiaries
Related party transactions
Commission expenses	4,700		13,600
Accounts receivable, net	35,520		35,520				25,312
Accounts payable	(25,601)		(25,601)				(54,430)
Accrued promotional allowances	(6,185)		$ (6,185)				$ (4,044)
TCCC Subsidiaries | Operating expense
Related party transactions
Commission expenses				11,800
TCCC Related parties and TCCC Independent Bottlers | Operating expense
Related party transactions
Commission expenses		4,300
Principal owners
Related party transactions
Number of directors who are principal owners of a company that provides promotional materials | director			1
Expenses incurred in connection with materials or services provided by a related party	500	200	$ 1,100	1,600
Director
Related party transactions
Ownership percentage							50.00%
Partnership contribution	1,900		1,900				$ 1,900
Equity loss	20		20
Director.
Related party transactions
Equity loss	60		60
Monster Energy Drinks | TCCC Subsidiaries
Related party transactions
Contract manufacturing expenses	$ 4,200	$ 7,000	$ 13,100	$ 18,800

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ in Millions	Nov. 07, 2019	Nov. 06, 2019
Subsequent event
Subsequent Events
Share repurchase program, authorized amount	$ 536.6	$ 500
February 2019 Repurchase Plan
Subsequent Events
Share repurchase program, authorized remaining amount		36.6
February 2019 Repurchase Plan | Subsequent event
Subsequent Events
Share repurchase program, authorized remaining amount		$ 36.6