Monster Beverage (MNST) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-18761
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		527,396,445
Entity Central Index Key	0000865752
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED FINANCIA

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 921,326	$ 797,957
Short-term investments	250,753	533,063
Accounts receivable, net	760,433	540,330
Inventories	340,536	360,731
Prepaid expenses and other current assets	78,425	54,868
Prepaid income taxes	19,977	29,360
Total current assets	2,371,450	2,316,309
INVESTMENTS	2,077	12,905
PROPERTY AND EQUIPMENT, net	301,946	298,640
DEFERRED INCOME TAXES, net	84,777	84,777
GOODWILL	1,331,643	1,331,643
OTHER INTANGIBLE ASSETS, net	1,055,544	1,052,105
OTHER ASSETS	46,376	53,973
Total Assets	5,193,813	5,150,352
CURRENT LIABILITIES:
Accounts payable	261,969	274,045
Accrued liabilities	142,848	114,075
Accrued promotional allowances	167,011	166,761
Deferred revenue	44,894	44,237
Accrued compensation	35,646	47,262
Income taxes payable	22,497	14,717
Total current liabilities	674,865	661,097
DEFERRED REVENUE	272,926	287,469
OTHER LIABILITIES	24,482	30,505
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 1,250,000 shares authorized; 637,924 shares issued and 527,361 shares outstanding as of June 30, 2020; 636,460 shares issued and 536,698 shares outstanding as of December 31, 2019	3,190	3,182
Additional paid-in capital	4,474,379	4,397,511
Retained earnings	5,612,684	5,022,480
Accumulated other comprehensive loss	(53,438)	(32,387)
Common stock in treasury, at cost; 110,563 shares and 99,762 shares as of June 30, 2020 and December 31, 2019, respectively	(5,815,275)	(5,219,505)
Total stockholders' equity	4,221,540	4,171,281
Total Liabilities and Stockholders' Equity	$ 5,193,813	$ 5,150,352

CONDENSED CONSOLIDATED FINANC_2

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Parenthetical) - $ / shares shares in Thousands	Jun. 30, 2020	Dec. 31, 2019
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	637,924	636,460
Common stock, shares outstanding	527,361	536,698
Common stock in treasury, shares	110,563	99,762

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 1,093,896	$ 1,104,045	$ 2,155,993	$ 2,050,037
COST OF SALES	434,427	442,762	859,329	815,221
GROSS PROFIT	659,469	661,283	1,296,664	1,234,816
OPERATING EXPENSES	252,205	282,293	524,412	544,364
OPERATING INCOME	407,264	378,990	772,252	690,452
INTEREST and OTHER (EXPENSE) INCOME, NET	(1,796)	2,973	(923)	5,714
INCOME BEFORE PROVISION FOR INCOME TAXES	405,468	381,963	771,329	696,166
PROVISION FOR INCOME TAXES	94,099	89,490	181,125	142,208
NET INCOME	$ 311,369	$ 292,473	$ 590,204	$ 553,958
NET INCOME PER COMMON SHARE:
Basic	$ 0.59	$ 0.54	$ 1.11	$ 1.02
Diluted	$ 0.59	$ 0.53	$ 1.10	$ 1.01
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:
Basic	526,911	544,156	531,486	543,466
Diluted	531,191	548,218	535,897	548,299

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported	$ 311,369	$ 292,473	$ 590,204	$ 553,958
Other comprehensive income (loss):
Change in foreign currency translation adjustment	9,044	5,154	(21,555)	3,773
Available-for-sale investments:
Change in net unrealized gains	200	215	504	335
Net change in available-for-sale investments	200	215	504	335
Other comprehensive loss	9,244	5,369	(21,051)	4,108
Comprehensive income	$ 320,613	$ 297,842	$ 569,153	$ 558,066

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, 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
Repurchase of common stock					$ (222,792)	(222,792)
Repurchase of common stock (in shares)					(4,000)
Change in foreign currency translation adjustment				(1,381)		(1,381)
Change in net unrealized gains				120		120
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
Change in foreign currency translation adjustment						3,773
Change in net unrealized gains						335
Net income						553,958
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)
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
Repurchase of common stock					$ (621)	(621)
Repurchase of common stock (in shares)					(10)
Change in foreign currency translation adjustment				5,154		5,154
Change in net unrealized gains				215		215
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)
Balance at Dec. 31, 2019	$ 3,182	4,397,511	5,022,480	(32,387)	$ (5,219,505)	4,171,281
Balance (in shares) at Dec. 31, 2019	636,460				(99,762)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		17,098				17,098
Exercise of stock options	$ 4	13,971				13,975
Exercise of stock options (in shares)	644
Unrealized gain, net on available-for-sale securities				304		304
Repurchase of common stock					$ (579,948)	(579,948)
Repurchase of common stock (in shares)					(10,503)
Change in foreign currency translation adjustment				(30,599)		(30,599)
Net income			278,835			278,835
Balance at Mar. 31, 2020	$ 3,186	4,428,580	5,301,315	(62,682)	$ (5,799,453)	3,870,946
Balance (in shares) at Mar. 31, 2020	637,104				(110,265)
Balance at Dec. 31, 2019	$ 3,182	4,397,511	5,022,480	(32,387)	$ (5,219,505)	4,171,281
Balance (in shares) at Dec. 31, 2019	636,460				(99,762)
Increase (Decrease) in Stockholders' Equity
Change in foreign currency translation adjustment						(21,555)
Change in net unrealized gains						504
Net income						590,204
Balance at Jun. 30, 2020	$ 3,190	4,474,379	5,612,684	(53,438)	$ (5,815,275)	4,221,540
Balance (in shares) at Jun. 30, 2020	637,924				(110,563)
Balance at Mar. 31, 2020	$ 3,186	4,428,580	5,301,315	(62,682)	$ (5,799,453)	3,870,946
Balance (in shares) at Mar. 31, 2020	637,104				(110,265)
Increase (Decrease) in Stockholders' Equity
Stock-based compensation		15,936				15,936
Exercise of stock options	$ 4	29,863				29,867
Exercise of stock options (in shares)	820
Repurchase of common stock					$ (15,822)	(15,822)
Repurchase of common stock (in shares)					(298)
Change in foreign currency translation adjustment				9,044		9,044
Change in net unrealized gains				200		200
Net income			311,369			311,369
Balance at Jun. 30, 2020	$ 3,190	$ 4,474,379	$ 5,612,684	$ (53,438)	$ (5,815,275)	$ 4,221,540
Balance (in shares) at Jun. 30, 2020	637,924				(110,563)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 590,204	$ 553,958
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	32,057	32,444
Gain on disposal of property and equipment	(179)	1,269
Impairment of intangibles	4,000
Stock-based compensation	33,034	30,899
Deferred income taxes		539
Effect on cash of changes in operating assets and liabilities:
Accounts receivable	(231,782)	(204,393)
Distributor receivables	188	4,527
Inventories	14,181	(21,505)
Prepaid expenses and other assets	(23,394)	(16,804)
Prepaid income taxes	7,245	4,554
Accounts payable	(6,772)	36,850
Accrued liabilities	31,691	(1,412)
Accrued promotional allowances	3,079	53,568
Accrued distributor terminations	(140)	427
Accrued compensation	(10,932)	(10,508)
Income taxes payable	8,278	4,959
Other liabilities	83	(169)
Deferred revenue	(10,383)	(14,418)
Net cash provided by operating activities	440,458	454,785
CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of available-for-sale investments	719,616	346,464
Purchases of available-for-sale investments	(425,973)	(380,851)
Purchases of property and equipment	(29,116)	(21,077)
Proceeds from sale of property and equipment	590	441
Additions to intangibles	(13,085)
Increase in other assets	(1,338)	(1,019)
Net cash provided by investing activities	250,694	(56,042)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on debt	(1,680)	(9,075)
Issuance of common stock	43,842	81,134
Purchases of common stock held in treasury	(595,770)	(223,413)
Net cash used in financing activities	(553,608)	(151,354)
Effect of exchange rate changes on cash and cash equivalents	(14,175)	3,345
NET DECREASE IN CASH AND CASH EQUIVALENTS	123,369	250,734
CASH AND CASH EQUIVALENTS, beginning of period	797,957	637,513
CASH AND CASH EQUIVALENTS, end of period	921,326	888,247
Cash paid during the period for:
Interest	29	253
Income taxes	$ 164,956	$ 133,122

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS (Parenthetical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CONSOLIDATED STATEMENTS OF CASH FLOWS NON-CASH SUPPLEMENTAL DATA
Accrued liabilities for other intangible assets	$ 12.6	$ 10.6
Accounts payable on short-term investments		13.6
Accounts receivable for sale short-term investment		$ 4

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2020
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, 2019 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 six-months ended June 30, 2020 and 2019, 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	6 Months Ended
	Jun. 30, 2020
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS ​ Recently issued accounting pronouncements not yet adopted ​ In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, “Simplifying the Accounting for Income Taxes”, as part of its simplification initiative to reduce the cost and complexity in accounting for income taxes. ASU No. 2019-12 removes certain exceptions related to the approach for intra-period tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. ASU No. 2019-12 also amends other aspects of the guidance to help simplify and promote consistent application of GAAP. The guidance is effective for interim and annual periods beginning after December 15, 2020, with early adoption permitted. The Company is currently evaluating the impact of ASU No. 2019-12 on its financial position, results of operations and liquidity. ​ Recently adopted accounting pronouncements ​ In August 2018, the FASB issued 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 was effective for the Company on a prospective or retrospective basis beginning on January 1, 2020. The adoption of ASU No. 2018-15 did not have a material impact on the Company’s 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. The adoption of ASU No. 2018-14 did not have a material impact on the Company’s 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 was effective for the Company beginning on January 1, 2020. Certain disclosures in the new guidance will need to be applied on a retrospective basis and others on a prospective basis. The adoption of ASU No. 2018-13 did not have a material impact on the Company’s 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. The adoption of ASU No. 2017-04 did not have a material impact on the Company’s financial position, results of operations and liquidity. ​ 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 was effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. The adoption of ASU No. 2016-13 did not have a material impact on the Company’s disclosures, financial position, results of operations and liquidity.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2020
REVENUE RECOGNITION
REVENUE RECOGNITION	3. REVENUE RECOGNITION ​ The Company has three operating ​ 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 bottlers/distributors (“bottlers/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, value stores, e-commerce retailers 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/distributors and to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, foodservice customers, drug stores, value stores, e-commerce retailers 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/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 June 30, 2020 and December 31, 2019. ​ 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, club stores and/or wholesalers; ● 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 under the equity method by TCCC (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 bottler/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 bottlers/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. ​ Management believes that adequate provision has been made for cash discounts, returns and spoilage based on the Company’s historical experience. ​ Disaggregation of Revenue ​ The following tables disaggregate the Company’s revenue by geographical markets and reportable segments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 746,946 ​ $ 129,921 ​ $ 112,832 ​ $ 37,987 ​ $ 1,027,686 Strategic Brands ​ 41,155 ​ 12,794 ​ 5,186 ​ 431 ​ 59,566 Other ​ 6,644 ​ — ​ — ​ — ​ 6,644 Total Net Sales ​ $ 794,745 ​ $ 142,715 ​ $ 118,018 ​ $ 38,418 ​ $ 1,093,896 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 738,554 ​ $ 155,448 ​ $ 82,952 ​ $ 42,156 ​ $ 1,019,110 Strategic Brands ​ ​ 47,420 ​ ​ 23,793 ​ ​ 7,555 ​ ​ 376 ​ ​ 79,144 Other ​ ​ 5,791 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,791 Total Net Sales ​ $ 791,765 ​ $ 179,241 ​ $ 90,507 ​ $ 42,532 ​ $ 1,104,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 1,436,964 ​ $ 294,692 ​ $ 198,736 ​ $ 89,747 ​ $ 2,020,139 Strategic Brands ​ ​ 79,026 ​ ​ 33,141 ​ ​ 10,503 ​ ​ 1,435 ​ ​ 124,105 Other ​ ​ 11,749 ​ ​ — ​ ​ — ​ ​ — ​ ​ 11,749 Total Net Sales ​ $ 1,527,739 ​ $ 327,833 ​ $ 209,239 ​ $ 91,182 ​ $ 2,155,993 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months Ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks $ 1,381,380 $ 280,086 $ 145,408 $ 82,621 $ 1,889,495 Strategic Brands ​ 89,171 ​ 45,701 ​ 13,780 ​ 778 ​ 149,430 Other ​ 11,112 ​ — ​ — ​ — ​ 11,112 Total Net Sales ​ $ 1,481,663 ​ $ 325,787 ​ $ 159,188 ​ $ 83,399 ​ $ 2,050,037 ​ 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 June 30, 2020, the Company had $317.8 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, 2019, the Company had $331.7 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 June 30, 2020 and 2019, $10.5 million and $10.6 million, respectively, of deferred revenue was recognized in net sales. See Note 11. During the six-months ended June 30, 2020 and 2019, $21.1 million and $24.8 million, respectively, of deferred revenue was recognized in net sales. See Note 11.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2020
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 comprised of real estate and warehouse equipment, and the Company’s finance leases are comprised of vehicles. ​ Right-of-use (“ROU”) assets and lease 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 estimated rate of interest for collateralized borrowing over a similar term of the lease payments at the commencement date. ROU assets also include any lease payments made and exclude lease incentives. Lease terms 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 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 and is included in operating expenses in the condensed consolidated statement of income. 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 is included in operating expenses in the condensed consolidated statement of income. Interest expense on finance leases is calculated using the amortized cost basis and is included in interest and other (expense) income, net in the condensed consolidated statement of income. ​ The Company’s leases have remaining lease terms of less than one year to 14 years, some which leases leases ​ The components of lease cost were comprised of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months ​ Three-Months ​ Six-Months ​ Six-Months ​ ​ Ended June 30, ​ Ended June 30, ​ Ended June 30, ​ Ended June 30, ​ 2020 2019 2020 2019 Operating lease cost ​ $ 893 ​ $ 1,210 ​ $ 2,338 ​ $ 2,325 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term lease cost ​ 877 ​ 477 ​ 1,584 ​ 1,559 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable lease cost ​ 160 ​ 170 ​ 322 ​ 335 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ 186 ​ 94 ​ 334 ​ 174 Interest on lease liabilities ​ 14 ​ 15 ​ 25 ​ 30 Finance lease cost ​ 200 ​ 109 ​ 359 ​ 204 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total lease cost ​ $ 2,130 ​ $ 1,966 ​ $ 4,603 ​ $ 4,423 ​ Supplemental cash flow information for the following periods: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months ​ Six-Months ​ ​ Ended June 30, ​ Ended June 30, ​ 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 2,084 ​ $ 2,032 Operating cash flows from finance leases ​ 25 ​ ​ 30 Financing cash flows from finance leases ​ 1,680 ​ ​ 932 ​ ​ ​ ​ ​ ​ ​ ROU assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Finance leases ​ 2,024 ​ ​ 1,252 Operating leases ​ 2,020 ​ ​ 27,224 ​ ROU assets for operating and finance leases were comprised of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 23,463 ​ $ 297 ​ $ 23,760 ​ Other Assets Finance leases ​ — ​ 3,355 ​ 3,355 ​ Property and Equipment, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases $ 30,926 $ 416 $ 31,342 Other Assets Finance leases ​ — ​ 2,632 ​ 2,632 Property and Equipment, net ​ Operating and finance lease liabilities recognized in the condensed consolidated balance sheets were as follows at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Operating Leases Finance Leases Accrued liabilities $ 2,977 ​ $ 1,825 Other liabilities ​ 18,134 ​ — Total ​ $ 21,111 ​ $ 1,825 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Operating Leases Finance Leases Accrued liabilities $ 2,812 $ 1,485 Other liabilities ​ 25,651 ​ — Total ​ $ 28,463 ​ $ 1,485 ​ The weighted-average remaining lease terms and weighted-average discount rates for operating and finance leases at June 30, 2020 and December 31, 2019 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Operating Leases Finance Leases Weighted-average remaining lease term (years) 9.8 0.7 ​ Weighted-average discount rate 3.6 % 2.3 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ Operating Leases Finance Leases ​ Weighted-average remaining lease term (years) 10.1 ​ ​ 0.6 ​ Weighted-average discount rate 3.1 % ​ 2.9 % ​ 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 June 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Undiscounted Future Lease Payments ​ Operating Leases Finance Leases 2020 (excluding the six-months ended June 30, 2020) ​ $ 1,836 ​ $ 1,489 2021 ​ 3,506 ​ 351 2022 ​ 2,838 ​ — 2023 ​ 2,164 ​ — 2024 ​ 1,881 ​ — 2025 and thereafter ​ 13,089 ​ — Total lease payments ​ 25,314 ​ 1,840 Less imputed interest ​ (4,203) ​ (15) Total ​ $ 21,111 ​ $ 1,825 ​ As of June 30, 2020, the Company did not have any significant additional operating or finance leases that have not yet commenced.

INVESTMENTS

INVESTMENTS	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 58,540 ​ $ — ​ $ — ​ $ 58,540 ​ $ — ​ $ — Certificates of deposit ​ ​ 3,624 ​ ​ — ​ ​ — ​ ​ 3,624 ​ ​ — ​ ​ — U.S. government agency securities ​ 44,851 ​ 41 ​ 9 ​ 44,883 ​ 9 ​ — U.S. treasuries ​ ​ 143,081 ​ ​ 633 ​ ​ 8 ​ ​ 143,706 ​ ​ 8 ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. treasuries ​ ​ 2,077 ​ ​ — ​ ​ — ​ ​ 2,077 ​ ​ — ​ ​ — Total ​ $ 252,173 ​ $ 674 ​ $ 17 ​ $ 252,830 ​ $ 17 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 December 31, 2019 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 83,478 ​ $ — ​ $ — ​ $ 83,478 ​ $ — ​ $ — Certificates of deposit ​ ​ 28,049 ​ ​ — ​ ​ — ​ ​ 28,049 ​ ​ — ​ ​ — Municipal securities ​ 147,983 ​ 145 ​ 20 ​ 148,108 ​ 20 ​ — U.S. government agency securities ​ 40,620 ​ 5 ​ 35 ​ 40,590 ​ 35 ​ — U.S. treasuries ​ ​ 211,055 ​ ​ 134 ​ ​ 31 ​ ​ 211,158 ​ ​ 31 ​ ​ — Variable rate demand notes ​ ​ 21,680 ​ ​ — ​ ​ — ​ ​ 21,680 ​ ​ — ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ ​ 1,562 ​ ​ — ​ ​ 1 ​ ​ 1,561 ​ ​ 1 ​ ​ — U.S. government agency securities ​ ​ 5,267 ​ ​ ​ ​ ​ 1 ​ ​ 5,266 ​ ​ 1 ​ ​ — U.S. treasuries ​ ​ 6,077 ​ ​ 1 ​ ​ — ​ ​ 6,078 ​ ​ — ​ ​ — Total ​ $ 545,771 ​ $ 285 ​ $ 88 ​ $ 545,968 ​ $ 88 ​ $ — ​ ​ During the three- and six-months ended June 30, 2020 and 2019, realized gains or losses recognized on the sale of investments were not significant. ​ The Company’s investments at June 30, 2020 and December 31, 2019 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 58,540 ​ $ 58,540 ​ $ 83,478 ​ $ 83,478 Municipal securities ​ — ​ — ​ 147,983 ​ 148,108 U.S. government agency securities ​ 44,851 ​ 44,883 ​ 40,620 ​ 40,590 Certificates of deposit ​ 3,624 ​ ​ 3,624 ​ ​ 28,049 ​ ​ 28,049 U.S. treasuries ​ ​ 143,081 ​ ​ 143,706 ​ ​ 211,055 ​ ​ 211,158 Due 1 - 10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ ​ — ​ ​ — ​ ​ 1,562 ​ ​ 1,561 U.S. treasuries ​ ​ 2,077 ​ ​ 2,077 ​ ​ 6,077 ​ ​ 6,078 U.S. government agency securities ​ ​ — ​ ​ — ​ ​ 5,267 ​ ​ 5,266 Variable rate demand notes ​ — ​ — ​ 3,905 ​ 3,905 Due 11 - 20 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ — ​ — ​ 8,886 ​ 8,886 Due 21 - 30 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ ​ — ​ ​ — ​ ​ 6,885 ​ ​ 6,885 Due 31 - 40 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ ​ — ​ ​ — ​ ​ 2,004 ​ ​ 2,004 Total ​ $ 252,173 ​ $ 252,830 ​ $ 545,771 ​ $ 545,968 ​

FAIR VALUE OF CERTAIN FINANCIAL

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES	6 Months Ended
	Jun. 30, 2020
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 Level 1 Level 2 Level 3 Total Cash ​ $ 556,197 ​ $ — ​ $ — ​ $ 556,197 Money market funds ​ 314,405 ​ — ​ — ​ 314,405 Certificates of deposit ​ ​ — ​ ​ 6,859 ​ ​ — ​ ​ 6,859 Commercial paper ​ — ​ 66,288 ​ — ​ 66,288 U.S. government agency securities ​ — ​ 47,982 ​ — ​ 47,982 U.S. treasuries ​ ​ — ​ ​ 182,425 ​ ​ — ​ ​ 182,425 Foreign currency derivatives ​ — ​ 55 ​ — ​ 55 Total ​ $ 870,602 ​ $ 303,609 ​ $ — ​ $ 1,174,211 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 870,602 ​ $ 50,724 ​ $ — ​ $ 921,326 Short-term investments ​ — ​ 250,753 ​ — ​ 250,753 Accounts receivable, net ​ — ​ 197 ​ — ​ 197 Investments ​ ​ — ​ ​ 2,077 ​ ​ — ​ ​ 2,077 Accrued liabilities ​ — ​ (142) ​ — ​ (142) Total ​ $ 870,602 ​ $ 303,609 ​ $ — ​ $ 1,174,211 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 Level 1 Level 2 Level 3 Total Cash ​ $ 518,178 ​ $ — ​ $ — ​ $ 518,178 Money market funds ​ 191,131 ​ — ​ — ​ 191,131 Certificates of deposit ​ ​ — ​ ​ 28,049 ​ ​ — ​ ​ 28,049 Commercial paper ​ — ​ 96,867 ​ — ​ 96,867 Variable rate demand notes ​ — ​ 21,680 ​ — ​ 21,680 Municipal securities ​ — ​ 167,224 ​ — ​ 167,224 U.S. government agency securities ​ — ​ 73,634 ​ — ​ 73,634 U.S. treasuries ​ ​ — ​ ​ 247,162 ​ ​ — ​ ​ 247,162 Foreign currency derivatives ​ — ​ (687) ​ — ​ (687) Total ​ $ 709,309 ​ $ 633,929 ​ $ — ​ $ 1,343,238 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 709,309 ​ $ 88,648 ​ $ — ​ $ 797,957 Short-term investments ​ — ​ 533,063 ​ — ​ 533,063 Accounts receivable, net ​ — ​ 329 ​ — ​ 329 Investments ​ ​ — ​ ​ 12,905 ​ ​ — ​ ​ 12,905 Accrued liabilities ​ — ​ (1,016) ​ — ​ (1,016) Total ​ $ 709,309 ​ $ 633,929 ​ $ — ​ $ 1,343,238 ​ 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 six-months ended June 30, 2020 or during the year-ended December 31, 2019, and there were no changes in the Company’s valuation techniques.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
	Jun. 30, 2020
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 six-months ended June 30, 2020 and the year-ended December 31, 2019, 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 June 30, 2020 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 (expense) 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 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 RUB ​ $ 8,914 ​ $ 181 ​ Accounts receivable, net Receive USD/pay ZAR ​ ​ 988 ​ ​ 7 Accounts receivable, net Receive SGD/pay USD ​ ​ 2,793 ​ ​ 5 ​ Accounts receivable, net Receive USD/pay COP ​ ​ 3,977 ​ ​ 3 ​ Accounts receivable, net Receive USD/pay DKK ​ ​ 499 ​ ​ 1 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 32,250 ​ $ (75) ​ Accrued liabilities Receive RSD/pay USD ​ ​ 9,097 ​ ​ (36) ​ Accrued liabilities Receive USD/pay AUD ​ ​ 9,850 ​ ​ (15) ​ Accrued liabilities Receive EUR/pay USD ​ 44,286 ​ (10) ​ Accrued liabilities Receive USD/pay NZD ​ 2,766 ​ (6) ​ Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under Notional Fair ​ ASC 815-20 ​ Amount ​ Value ​ Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive EUR/pay USD ​ $ 26,731 ​ $ 246 Accounts receivable, net Receive RSD/pay USD ​ 9,018 ​ 59 Accounts receivable, net Receive NOK/pay USD ​ 2,122 ​ 17 Accounts receivable, net Receive USD/pay SGD ​ 1,555 ​ 7 Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 38,406 ​ $ (695) ​ Accrued liabilities Receive USD/pay AUD ​ ​ 12,819 ​ ​ (172) ​ Accrued liabilities Receive USD/pay RUB ​ ​ 12,777 ​ ​ (55) ​ Accrued liabilities Receive USD/pay NZD ​ ​ 3,071 ​ ​ (33) ​ Accrued liabilities Receive USD/pay ZAR ​ ​ 3,349 ​ ​ (32) ​ Accrued liabilities Receive USD/pay COP ​ ​ 3,793 ​ ​ (18) Accrued liabilities Receive USD/pay DKK ​ 1,283 ​ (11) Accrued liabilities ​ The net gains (losses) on derivative instruments in the condensed consolidated statements of income were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain (loss) ​ Three-months ended hedging instruments under ​ recognized in income on ​ June 30, ​ June 30, ASC 815-20 derivatives 2020 2019 Foreign currency exchange contracts Interest and other (expense) income, net ​ $ (2,235) ​ $ 935 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain (loss) ​ Six-months ended hedging instruments under ​ recognized in income on ​ June 30, ​ June 30, ASC 815-20 derivatives 2020 2019 Foreign currency exchange contracts Interest and other (expense) income, net ​ $ 4,058 ​ $ (153) ​

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2020
INVENTORIES
INVENTORIES	8. INVENTORIES ​ Inventories consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2020 ​ 2019 Raw materials ​ $ 138,684 ​ $ 134,885 Finished goods ​ 201,852 ​ 225,846 ​ ​ $ 340,536 ​ $ 360,731 ​

PROPERTY AND EQUIPMENT, Net

PROPERTY AND EQUIPMENT, Net	6 Months Ended
	Jun. 30, 2020
PROPERTY AND EQUIPMENT, Net
PROPERTY AND EQUIPMENT, Net	9. PROPERTY AND EQUIPMENT, NET ​ Property and equipment consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2020 ​ 2019 Land ​ $ 85,206 ​ $ 78,275 Leasehold improvements ​ 12,194 ​ 10,417 Furniture and fixtures ​ 8,202 ​ 8,426 Office and computer equipment ​ 22,936 ​ 22,766 Computer software ​ 5,296 ​ 4,450 Equipment ​ 194,882 ​ 214,293 Buildings ​ 142,127 ​ 126,338 Vehicles ​ 41,069 ​ 41,109 ​ ​ 511,912 ​ 506,074 Less: accumulated depreciation and amortization ​ (209,966) ​ (207,434) ​ ​ $ 301,946 ​ $ 298,640 ​ Total depreciation and amortization expense recorded was $12.3 million and $12.7 million for the three-months ended June 30, 2020 and 2019, respectively. Total depreciation and amortization expense recorded was $24.7 million and $24.6 million for the six-months ended June 30, 2020 and 2019, respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2020
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 six-months ended June 30, 2020 and June 30, 2019 by reportable segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at June 30, 2020 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2018 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ ​ — ​ ​ — ​ ​ — ​ ​ — Balance at June 30, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ Intangible assets consist of the following at: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2020 ​ 2019 Amortizing intangibles ​ $ 66,953 ​ $ 66,949 Accumulated amortization ​ (54,548) ​ (49,128) ​ ​ 12,405 ​ 17,821 Non-amortizing intangibles ​ 1,043,139 ​ 1,034,284 ​ ​ $ 1,055,544 ​ $ 1,052,105 ​ 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 ​ The following is the future estimated amortization expense related to amortizing intangibles as of June 30, 2020: ​ ​ ​ ​ ​ 2020 (excluding the six-months ended June 30, 2020) $ 2,252 2021 ​ 4,429 2022 ​ 4,405 2023 ​ 1,111 2024 ​ 13 2025 and thereafter ​ 195 ​ ​ $ 12,405 ​

DISTRIBUTION AGREEMENTS

DISTRIBUTION AGREEMENTS	6 Months Ended
	Jun. 30, 2020
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 termination costs of $0.2 million and $0.3 million for the three- months ended June 30, 2020 and 2019, respectively. The Company incurred termination costs of $0.2 million and $11.0 million for the six-months ended June 30, 2020 and 2019, respectively. ​ In the normal course of business, amounts received pursuant to new and/or amended distribution agreements entered into with certain bottlers/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 $10.5 million and $10.6 million for the three- months ended June 30, 2020 and 2019, respectively. Revenue recognized was $21.1 million and $24.8 million for the six-months ended June 30, 2020 and 2019, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. COMMITMENTS AND CONTINGENCIES ​ The Company had purchase commitments aggregating approximately $59.2 million at June 30, 2020, 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 $182.1 million at June 30, 2020, 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 June 30, 2020, the interest rate on borrowings under the line of credit was 5.5%. As of June 30, 2020, the Company had no amounts outstanding on this line of credit. ​ Legal Proceedings ​ Litigation ​ 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 June 30, 2020, the Company’s consolidated balance sheet included accrued loss contingencies of approximately $17.5 million.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 2020
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS	13. ACCUMULATED OTHER COMPREHENSIVE LOSS ​ Changes in accumulated other comprehensive loss (income) by component, after tax, for the six-months ended June 30, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency (Gains) Losses ​ ​ ​ ​ Translation ​ on Available-for- ​ ​ ​ ​ ​ Losses (Gains) ​ Sale Securities ​ Total Balance at December 31, 2019 ​ $ 32,581 ​ $ (194) ​ $ 32,387 Other comprehensive loss (income) before reclassifications ​ 21,555 ​ ​ (504) ​ ​ 21,051 Amounts reclassified from accumulated other comprehensive loss (income) ​ — ​ ​ — ​ ​ — Net current-period other comprehensive loss (income) ​ 21,555 ​ ​ (504) ​ ​ 21,051 Balance at June 30, 2020 ​ $ 54,136 ​ $ (698) ​ $ 53,438 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency ​ (Gains) Losses ​ ​ ​ ​ Translation on Available-for- ​ ​ ​ ​ Losses (Gains) ​ Sale Securities ​ Total Balance at December 31, 2018 ​ $ 32,775 ​ $ 89 ​ $ 32,864 Other comprehensive loss (income) before reclassifications ​ (3,773) ​ ​ (335) ​ ​ (4,108) Amounts reclassified from accumulated other comprehensive loss (income) ​ — ​ ​ — ​ ​ — Net current-period other comprehensive loss (income) ​ (3,773) ​ ​ (335) ​ ​ (4,108) Balance at June 30, 2019 ​ $ 29,002 ​ $ (246) ​ $ 28,756 ​

TREASURY STOCK

TREASURY STOCK	6 Months Ended
	Jun. 30, 2020
TREASURY STOCK
TREASURY STOCK	14. TREASURY STOCK ​ On March 13, 2020, 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 “March 2020 Repurchase Plan”). During the three- months ended June 30, 2020, the Company purchased 0.3 million shares of common stock at an average purchase price of $52.88 per share, for a total amount of $15.6 million (excluding broker commissions), under the March 2020 Repurchase Plan. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at June 30, 2020. As of August 6, 2020, $441.5 million remained available for repurchase under the March 2020 Repurchase Plan. ​ During the three- months ended June 30, 2020, 3,231 shares of common stock were purchased from employees in lieu of cash payments for options exercised or withholding taxes due for a total amount of $0.2 million. While such purchases are considered common stock repurchases, they are not counted as purchases against our authorized share repurchase programs. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at June 30, 2020.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020: (i) the Monster Beverage Corporation 2020 Omnibus Incentive Plan (the "2020 Omnibus Incentive Plan"), which includes the Monster Beverage Corporation Deferred Compensation Plan as a sub plan thereunder, and (ii) the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors, which includes the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors as a sub plan thereunder. The 2020 Omnibus Incentive Plan was approved by the Board of Directors on April 14, 2020 and approved by the stockholders of the Company at the annual meeting of the Company's stockholders held on June 3, 2020 (the "Effective Date"). The 2020 Omnibus Incentive Plan replaced the Monster Beverage Corporation 2011 Omnibus Incentive Plan (the "2011 Omnibus Incentive Plan"). ​ The 2020 Omnibus Incentive Plan provides for the granting of stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards, and other share-based awards up to an aggregate of 46,169,367 shares of the Company's common stock, comprised of 32,000,000 new shares of common stock reserved under the 2020 Omnibus Incentive Plan and 14,169,367 shares of common stock that were available for grant under the 2011 Omnibus Incentive Plan as of December 31, 2019. Shares authorized under the 2020 Omnibus Incentive Plan are reduced by one (1) share for options or stock appreciation rights granted under the 2020 Omnibus Incentive Plan and for any grants after December 31, 2019 under the 2011 Omnibus Incentive Plan, and by 2.6 shares for each share granted or issued with respect to a Full Value Award under either the 2020 Omnibus Incentive Plan or for any shares granted after December 31, 2019 under the 2011 Omnibus Incentive Plan. A "Full Value Award" is an award other than an incentive stock option, a non- qualified stock option, or a stock appreciation right, which is settled by the issuance of shares. Options granted under the 2020 Omnibus Incentive Plan may be incentive stock options under Section 422 of the Internal Revenue Code, as amended, or non-qualified stock options. ​ Shares previously granted under the 2011 Omnibus Incentive Plan after December 31, 2019 and prior to the Effective Date of the 2020 Omnibus Incentive Plan reduced the number of shares available for grant under the 2020 Omnibus Incentive Plan. As of June 30, 2020, 1,401,750 shares of the Company's common stock have been granted, net of cancellations, and 44,173,226 shares (as adjusted for Full Value Awards) of the Company's common stock remain available for grant under the 2020 Omnibus Incentive Plan. ​ The Compensation Committee of the Board of Directors (the "Compensation Committee") has sole and exclusive authority to grant stock awards to all employees who are not new hires and to all new hires who are subject to Section 16 of the Exchange Act. Each of the Compensation Committee and the Executive Committee of the Board of Directors (the "Executive Committee") independently has the authority to grant stock awards to new hires and employees receiving a promotion who are not Section 16 employees. Awards granted by the Executive Committee are not subject to approval or ratification by the Board of Directors or the Compensation Committee. Options granted under the 2020 Omnibus Incentive Plan generally vest over a three three ​ The Company recorded $15.9 million and $15.6 million of compensation expense relating to outstanding options, restricted stock units and performance share units during the three- months ended June 30, 2020 and 2019, respectively. The Company recorded $33.0 million and $30.9 million of compensation expense relating to outstanding options, restricted stock units and performance share units during the six- months ended June 30, 2020 and 2019, 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 and performance share units for the three- months ended June 30, 2020 and 2019 was $4.0 million and $3.8 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 and performance share units for the six-months ended June 30, 2020 and 2019 was $5.7 million and $26.2 million, respectively. ​ Stock Options ​ Under the Company’s stock-based compensation plans, all stock options granted as of June 30, 2020 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 June 30, ​ Six-Months Ended June 30, ​ ​ 2020* 2019* 2020 2019 ​ Dividend yield — ​ — ​ 0.0 % 0.0 % Expected volatility — ​ — ​ 30.5 % 30.2 % Risk-free interest rate — ​ — ​ 0.7 % 2.4 % Expected term — ​ — ​ 5.8 years 6.0 years ​ *No options were granted during the three-months ended June 30, 2020 and 2019. ​ 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, 2020 14,941 ​ $ 42.88 6.3 ​ $ 308,884 Granted 01/01/20 - 03/31/20 1,027 ​ $ 62.45 ​ ​ ​ ​ ​ Granted 04/01/20 - 06/30/20 ​ — ​ $ — ​ ​ ​ ​ ​ Exercised (1,177) ​ $ 37.24 ​ ​ ​ ​ ​ Cancelled or forfeited (46) ​ $ 51.93 ​ ​ ​ ​ ​ Outstanding at June 30, 2020 14,745 ​ $ 44.66 6.2 ​ $ 363,570 Vested and expected to vest in the future at June 30, 2020 14,036 ​ $ 44.02 6.1 ​ $ 355,045 Exercisable at June 30, 2020 8,652 ​ $ 37.13 5.0 ​ $ 278,553 ​ No options were granted during the three-months ended June 30, 2020 and 2019. The weighted-average grant-date fair value of options granted during the six-months ended June 30, 2020 and 2019 was $18.78 per share and $20.30 per share, respectively. ​ The total intrinsic value of options exercised during the three- months ended June 30, 2020 and 2019 was $25.3 million and $32.9 million, respectively. The total intrinsic value of options exercised during the six-months ended June 30, 2020 and 2019 was $36.2 million and $211.3 million, respectively. ​ Cash received from option exercises under all plans for the three- months ended June 30, 2020 and 2019 was $29.9 million and $46.0 million, respectively. Cash received from option exercises under all plans for the six-months ended June 30, 2020 and 2019 was $43.8 million and $81.1 million, respectively. ​ At June 30, 2020, there was $77.8 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 and Performance Share Units ​ The cost of stock-based compensation for restricted stock units and performance share 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 or performance share 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 and performance share units as follows: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average ​ ​ Shares (in ​ Grant-Date ​ ​ thousands) ​ Fair Value Non-vested at January 1, 2020 825 ​ $ 57.62 Granted 01/01/20 - 03/31/20 1 392 ​ $ 62.39 Granted 04/01/20 - 06/30/20 ​ 17 ​ $ 71.72 Vested (287) ​ $ 55.65 Forfeited/cancelled (1) ​ $ 59.67 Non-vested at June 30, 2020 946 ​ $ 60.45 ​ 1 The grant activity for performance share units is recorded based on the target performance level earning 100% of target performance share units. The actual number of performance share units earned could range from 0% to 200% of target dependent on the pre-established performance goals. ​ The weighted-average grant-date fair value of restricted stock units granted during the three-months ended June 30, 2020 was $71.72 per share. The weighted-average grant-date fair value of restricted stock units granted during the three-months ended June 30, 2019 was $63.48 per share. No performance share units were granted during the three-months ended June 30, 2020 and 2019. The weighted-average grant-date fair value of restricted stock units and performance share units granted during the six-months ended June 30, 2020 was $62.78 per share. The weighted-average grant-date fair value of restricted stock units granted during the six-months ended June 30, 2019 was $59.79 per share. No performance share units were granted during the six- months ended June 30, 2019. ​ As of June 30, 2020, 0.8 million of restricted stock units and performance share units are expected to vest over their respective terms. ​ At June 30, 2020, total unrecognized compensation expense relating to non-vested restricted stock units and performance share units was $43.0 million, which is expected to be recognized over a weighted-average period of 2.7 years.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2020
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 six-months ended June 30, 2020: ​ ​ ​ ​ ​ ​ Gross Unrecognized Tax ​ ​ Benefits Balance at December 31, 2019 ​ $ 2,993 Additions for tax positions related to the current year ​ — Additions for tax positions related to the prior years ​ — Decreases related to settlement with taxing authority ​ — Balance at June 30, 2020 ​ $ 2,993 ​ 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 June 30, 2020, the Company had approximately $0.4 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. ​ The Company is in various stages of examination with certain states and certain foreign jurisdictions, including the United Kingdom and Ireland. The Company’s 2016 through 2019 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 2015 through 2019 tax years.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2020
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 ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ ​ ​ Basic 526,911 544,156 531,486 543,466 Dilutive 4,280 4,062 4,411 4,833 Diluted 531,191 548,218 535,897 548,299 ​ For the three- months ended June 30, 2020 and 2019, options and awards outstanding totaling 4.7 million shares and 4.7 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive. For the six-months ended June 30, 2020 and 2019, options and awards outstanding totaling 4.9 million shares and 4.2 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2020
SEGMENT INFORMATION
SEGMENT INFORMATION	18. SEGMENT INFORMATION ​ The Company has three operating ​ The Company’s Monster Energy® Drinks segment primarily generates net operating revenues by selling ready-to-drink packaged drinks primarily to bottlers/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, value stores, e-commerce retailers 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/distributors and to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, foodservice customers, drug stores, value stores, e-commerce retailers 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/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 six-months ended June 30, 2020 and 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks (1) ​ $ 1,027,686 ​ $ 1,019,110 ​ $ 2,020,140 ​ $ 1,889,495 Strategic Brands ​ 59,566 ​ 79,144 ​ 124,104 ​ 149,430 Other ​ 6,644 ​ 5,791 ​ 11,749 ​ 11,112 Corporate and unallocated ​ — ​ — ​ — ​ — ​ ​ $ 1,093,896 ​ $ 1,104,045 ​ $ 2,155,993 ​ $ 2,050,037 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® (1) (2) ​ $ 453,388 ​ $ 410,804 ​ $ 864,528 ​ $ 753,803 Strategic Brands ​ 37,692 ​ 50,075 ​ 74,411 ​ 95,656 Other ​ 1,626 ​ 1,119 ​ 2,412 ​ 2,021 Corporate and unallocated ​ (85,442) ​ (83,008) ​ (169,099) ​ (161,028) ​ ​ $ 407,264 ​ $ 378,990 ​ $ 772,252 ​ $ 690,452 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® (1) (2) ​ $ 453,418 ​ $ 410,897 ​ $ 864,596 ​ $ 753,913 Strategic Brands ​ 37,692 ​ 50,075 ​ 74,411 ​ 95,651 Other ​ 1,626 ​ 1,124 ​ 2,412 ​ 2,026 Corporate and unallocated ​ (87,268) ​ (80,133) ​ (170,090) ​ (155,424) ​ ​ $ 405,468 ​ $ 381,963 ​ $ 771,329 ​ $ 696,166 ​ (1) Includes $10.5 million and $10.6 million for the three-months ended June 30, 2020 and 2019, respectively, related to the recognition of deferred revenue. Includes $21.1 million and $24.8 million for the six-months ended June 30, 2020 and 2019, respectively, related to the recognition of deferred revenue. (2) Includes $0.2 million and $0.3 million for the three-months ended June 30, 2020 and 2019, respectively, related to distributor termination costs. Includes $0.2 million and $11.0 million for the six-months ended June 30, 2020 and 2019, respectively, related to distributor termination costs. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® ​ $ 9,322 ​ $ 10,332 ​ $ 18,974 ​ $ 20,129 Strategic Brands ​ 1,675 ​ 1,972 ​ 3,705 ​ 3,935 Other ​ 1,194 ​ 1,157 ​ 2,358 ​ 2,313 Corporate and unallocated ​ 2,574 ​ 2,168 ​ 5,053 ​ 4,122 ​ ​ $ 14,765 ​ $ 15,629 ​ $ 30,090 ​ $ 30,499 ​ Corporate and unallocated expenses for the three- months ended June 30, 2020 include $56.5 million of payroll costs, of which $15.9 million was attributable to stock-based compensation expenses (see Note 15 “Stock-Based Compensation”), as well as $17.1 million attributable to professional service expenses, including accounting and legal costs, and $11.8 million of other operating expenses. Corporate and unallocated expenses for the three-months ended June 30, 2019 include $50.5 million of payroll costs, of which $15.6 million was attributable to stock-based compensation expenses (see Note 15 "Stock-Based Compensation"), as well as $18.4 million attributable to professional service expenses, including accounting and legal costs, and $14.1 million of other operating expenses. ​ Corporate and unallocated expenses for the six-months ended June 30, 2020 include $111.8 million of payroll costs, of which $33.0 million was attributable to stock-based compensation expenses (see Note 15 "Stock-Based Compensation"), as well as $33.5 million attributable to professional service expenses, including accounting and legal costs, and $23.8 million of other operating expenses. Corporate and unallocated expenses for the six-months ended June 30, 2019 include $100.9 million of payroll costs, of which $30.9 million was attributable to stock-based compensation expenses (see Note 15 "Stock-Based Compensation"), as well as $35.9 million attributable to professional service expenses, including accounting and legal costs, and $24.2 million of other operating expenses. ​ Coca-Cola Consolidated, Inc. accounted for approximately 13% of the Company’s net sales for both the three- months ended June 30, 2020 and 2019. Coca-Cola Consolidated, Inc. accounted for approximately 12% and 13% of the Company's net sales for the six- months ended June 30, 2020 and 2019, respectively. ​ Reyes Coca-Cola Bottling, LLC accounted for approximately 11% of the Company’s net sales for both the three- months ended June 30, 2020 and 2019. Reyes Coca-Cola Bottling, LLC accounted for approximately 11% of the Company's net sales for both the six-months ended June 30, 2020 and 2019. ​ Coca-Cola European Partners accounted for approximately 8% and 10% of the Company’s net sales for the three- months ended June 30, 2020 and 2019, respectively. Coca-Cola European Partners accounted for approximately 9% and 10% of the Company's net sales for the six- months ended June 30, 2020 and 2019, respectively. ​ Net sales to customers outside the United States amounted to $328.3 million and $343.3 million for the three- months ended June 30, 2020 and 2019, respectively. Such sales were approximately 30% and 31% of net sales for the three- months ended June 30, 2020 and 2019, respectively. Net sales to customers outside the United States amounted to $685.1 million and $627.3 million for the six-months ended June 30, 2020 and 2019, respectively. Such sales were approximately 32% and 31% of net sales for the six-months ended June 30, 2020 and 2019, respectively. ​ Goodwill and other intangible assets for the Company’s reportable segments as of June 30, 2020 and December 31, 2019 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® ​ $ 1,397,016 ​ $ 1,384,940 Strategic Brands ​ 978,014 ​ 984,393 Other ​ 12,157 ​ 14,415 Corporate and unallocated ​ — ​ — ​ ​ $ 2,387,187 ​ $ 2,383,748 ​

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2020
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	19. RELATED PARTY TRANSACTIONS ​ TCCC controls approximately 19.4% of the voting interests of the Company. The TCCC Subsidiaries, the TCCC Related Parties and certain TCCC independent bottlers/distributors, 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 $10.7 million and $15.8 million for the three-months ended June 30, 2020 and 2019, 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 $22.1 million and $27.9 million for the six-months ended June 30, 2020 and 2019, respectively, and are included as a reduction to net sales. ​ TCCC commissions, based on sales to certain TCCC independent bottlers/distributors, were $5.4 million and $5.0 million for the three-months ended June 30, 2020 and 2019, respectively, and are included in operating expenses. TCCC commissions, based on sales to certain TCCC independent bottlers/distributors, were $9.8 million and $8.8 million for the six-months ended June 30, 2020 and 2019, respectively, and are included in operating expenses. ​ Net sales to the TCCC Subsidiaries for the three-months ended June 30, 2020 and 2019 were $14.2 million and $21.3 million, respectively. Net sales to the TCCC Subsidiaries for the six-months ended June 30, 2020 and 2019 were $33.6 million and $38.6 million, respectively. ​ The Company also purchases concentrates from TCCC which are then sold to certain of the Company’s bottlers/distributors. Concentrate purchases from TCCC were $6.5 million and $7.3 million for the three-months ended June 30, 2020 and 2019, respectively. Concentrate purchases from TCCC were $10.8 million and $13.9 million for the six-months ended June 30, 2020 and 2019, respectively. ​ Certain TCCC Subsidiaries also contract manufacture certain of the Company’s energy drinks. Such contract manufacturing expenses were $2.2 million and $4.4 million for the three- months ended June 30, 2020 and 2019, respectively. Such contract manufacturing expenses were $6.2 million and $8.9 million for the six-months ended June 30, 2020 and 2019, respectively. ​ Accounts receivable, accounts payable, accrued promotional allowances and accrued liabilities related to the TCCC Subsidiaries are as follows at: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Accounts receivable, net ​ $ 65,212 ​ $ 21,670 Accounts payable ​ $ (28,776) ​ $ (18,217) Accrued promotional allowances ​ $ (4,057) ​ $ (5,321) Accrued liabilities ​ $ (19,710) ​ $ — ​ One director of the Company through certain trusts, and a family member of one director, 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 June 30, 2020 and 2019 were $0.8 million and $0.3 million, respectively. Expenses incurred with such company in connection with promotional materials purchased during the six-months ended June 30, 2020 and 2019 were $1.5 million and $0.6 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 June 30, 2020. During the three-months ended June 30, 2020, the Company recorded an equity loss of $0.2 million. During the six-months ended June 30, 2020, the Company recorded an equity loss of $0.2 million.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Jun. 30, 2020
REVENUE RECOGNITION
Schedule of disaggregation of revenue by geographical markets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks ​ $ 746,946 ​ $ 129,921 ​ $ 112,832 ​ $ 37,987 ​ $ 1,027,686 Strategic Brands ​ 41,155 ​ 12,794 ​ 5,186 ​ 431 ​ 59,566 Other ​ 6,644 ​ — ​ — ​ — ​ 6,644 Total Net Sales ​ $ 794,745 ​ $ 142,715 ​ $ 118,018 ​ $ 38,418 ​ $ 1,093,896 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 738,554 ​ $ 155,448 ​ $ 82,952 ​ $ 42,156 ​ $ 1,019,110 Strategic Brands ​ ​ 47,420 ​ ​ 23,793 ​ ​ 7,555 ​ ​ 376 ​ ​ 79,144 Other ​ ​ 5,791 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,791 Total Net Sales ​ $ 791,765 ​ $ 179,241 ​ $ 90,507 ​ $ 42,532 ​ $ 1,104,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months Ended June 30, 2020 ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® ​ $ 1,436,964 ​ $ 294,692 ​ $ 198,736 ​ $ 89,747 ​ $ 2,020,139 Strategic Brands ​ ​ 79,026 ​ ​ 33,141 ​ ​ 10,503 ​ ​ 1,435 ​ ​ 124,105 Other ​ ​ 11,749 ​ ​ — ​ ​ — ​ ​ — ​ ​ 11,749 Total Net Sales ​ $ 1,527,739 ​ $ 327,833 ​ $ 209,239 ​ $ 91,182 ​ $ 2,155,993 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months Ended June 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Latin ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ America ​ ​ ​ ​ ​ U.S. and ​ ​ ​ ​ ​ ​ ​ and ​ ​ ​ Net Sales ​ Canada ​ EMEA 1 ​ Asia Pacific ​ Caribbean ​ Total Monster Energy® Drinks $ 1,381,380 $ 280,086 $ 145,408 $ 82,621 $ 1,889,495 Strategic Brands ​ 89,171 ​ 45,701 ​ 13,780 ​ 778 ​ 149,430 Other ​ 11,112 ​ — ​ — ​ — ​ 11,112 Total Net Sales ​ $ 1,481,663 ​ $ 325,787 ​ $ 159,188 ​ $ 83,399 ​ $ 2,050,037 ​ 1 Europe, Middle East and Africa (“EMEA”) ​

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2020
LEASES
Schedule of lease cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months ​ Three-Months ​ Six-Months ​ Six-Months ​ ​ Ended June 30, ​ Ended June 30, ​ Ended June 30, ​ Ended June 30, ​ 2020 2019 2020 2019 Operating lease cost ​ $ 893 ​ $ 1,210 ​ $ 2,338 ​ $ 2,325 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term lease cost ​ 877 ​ 477 ​ 1,584 ​ 1,559 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable lease cost ​ 160 ​ 170 ​ 322 ​ 335 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of ROU assets ​ 186 ​ 94 ​ 334 ​ 174 Interest on lease liabilities ​ 14 ​ 15 ​ 25 ​ 30 Finance lease cost ​ 200 ​ 109 ​ 359 ​ 204 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total lease cost ​ $ 2,130 ​ $ 1,966 ​ $ 4,603 ​ $ 4,423 ​
Schedule of supplemental cash flow information for leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-Months ​ Six-Months ​ ​ Ended June 30, ​ Ended June 30, ​ 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 2,084 ​ $ 2,032 Operating cash flows from finance leases ​ 25 ​ ​ 30 Financing cash flows from finance leases ​ 1,680 ​ ​ 932 ​ ​ ​ ​ ​ ​ ​ ROU assets obtained in exchange for lease obligations: ​ ​ ​ ​ ​ ​ Finance leases ​ 2,024 ​ ​ 1,252 Operating leases ​ 2,020 ​ ​ 27,224 ​
Schedule of ROU assets for operating and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases ​ $ 23,463 ​ $ 297 ​ $ 23,760 ​ Other Assets Finance leases ​ — ​ 3,355 ​ 3,355 ​ Property and Equipment, net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ Real Estate Equipment Total Balance Sheet Location Operating leases $ 30,926 $ 416 $ 31,342 Other Assets Finance leases ​ — ​ 2,632 ​ 2,632 Property and Equipment, net
Summary of operating and finance lease liabilities recognized in the condensed consolidated balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Operating Leases Finance Leases Accrued liabilities $ 2,977 ​ $ 1,825 Other liabilities ​ 18,134 ​ — Total ​ $ 21,111 ​ $ 1,825 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Operating Leases Finance Leases Accrued liabilities $ 2,812 $ 1,485 Other liabilities ​ 25,651 ​ — Total ​ $ 28,463 ​ $ 1,485
Schedule of weighted-average remaining lease term and weighted-average discount rate	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Operating Leases Finance Leases Weighted-average remaining lease term (years) 9.8 0.7 ​ Weighted-average discount rate 3.6 % 2.3 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ Operating Leases Finance Leases ​ Weighted-average remaining lease term (years) 10.1 ​ ​ 0.6 ​ Weighted-average discount rate 3.1 % ​ 2.9 % ​
Schedule of reconciliation of undiscounted future lease payments for operating and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Undiscounted Future Lease Payments ​ Operating Leases Finance Leases 2020 (excluding the six-months ended June 30, 2020) ​ $ 1,836 ​ $ 1,489 2021 ​ 3,506 ​ 351 2022 ​ 2,838 ​ — 2023 ​ 2,164 ​ — 2024 ​ 1,881 ​ — 2025 and thereafter ​ 13,089 ​ — Total lease payments ​ 25,314 ​ 1,840 Less imputed interest ​ (4,203) ​ (15) Total ​ $ 21,111 ​ $ 1,825 ​

INVESTMENTS (Tables)

INVESTMENTS (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 58,540 ​ $ — ​ $ — ​ $ 58,540 ​ $ — ​ $ — Certificates of deposit ​ ​ 3,624 ​ ​ — ​ ​ — ​ ​ 3,624 ​ ​ — ​ ​ — U.S. government agency securities ​ 44,851 ​ 41 ​ 9 ​ 44,883 ​ 9 ​ — U.S. treasuries ​ ​ 143,081 ​ ​ 633 ​ ​ 8 ​ ​ 143,706 ​ ​ 8 ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. treasuries ​ ​ 2,077 ​ ​ — ​ ​ — ​ ​ 2,077 ​ ​ — ​ ​ — Total ​ $ 252,173 ​ $ 674 ​ $ 17 ​ $ 252,830 ​ $ 17 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Continuous Continuous ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Unrealized ​ Unrealized ​ ​ ​ ​ Loss Position ​ Loss Position ​ ​ Amortized ​ Holding ​ Holding ​ Fair ​ less than 12 ​ greater than 12 December 31, 2019 Cost Gains Losses Value Months Months Available-for-sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Short-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 83,478 ​ $ — ​ $ — ​ $ 83,478 ​ $ — ​ $ — Certificates of deposit ​ ​ 28,049 ​ ​ — ​ ​ — ​ ​ 28,049 ​ ​ — ​ ​ — Municipal securities ​ 147,983 ​ 145 ​ 20 ​ 148,108 ​ 20 ​ — U.S. government agency securities ​ 40,620 ​ 5 ​ 35 ​ 40,590 ​ 35 ​ — U.S. treasuries ​ ​ 211,055 ​ ​ 134 ​ ​ 31 ​ ​ 211,158 ​ ​ 31 ​ ​ — Variable rate demand notes ​ ​ 21,680 ​ ​ — ​ ​ — ​ ​ 21,680 ​ ​ — ​ ​ — Long-term: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ ​ 1,562 ​ ​ — ​ ​ 1 ​ ​ 1,561 ​ ​ 1 ​ ​ — U.S. government agency securities ​ ​ 5,267 ​ ​ ​ ​ ​ 1 ​ ​ 5,266 ​ ​ 1 ​ ​ — U.S. treasuries ​ ​ 6,077 ​ ​ 1 ​ ​ — ​ ​ 6,078 ​ ​ — ​ ​ — Total ​ $ 545,771 ​ $ 285 ​ $ 88 ​ $ 545,968 ​ $ 88 ​ $ — ​ ​
Summary of the underlying contractual maturities of investments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 ​ Amortized Cost Fair Value Amortized Cost Fair Value Less than 1 year: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial paper ​ $ 58,540 ​ $ 58,540 ​ $ 83,478 ​ $ 83,478 Municipal securities ​ — ​ — ​ 147,983 ​ 148,108 U.S. government agency securities ​ 44,851 ​ 44,883 ​ 40,620 ​ 40,590 Certificates of deposit ​ 3,624 ​ ​ 3,624 ​ ​ 28,049 ​ ​ 28,049 U.S. treasuries ​ ​ 143,081 ​ ​ 143,706 ​ ​ 211,055 ​ ​ 211,158 Due 1 - 10 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal securities ​ ​ — ​ ​ — ​ ​ 1,562 ​ ​ 1,561 U.S. treasuries ​ ​ 2,077 ​ ​ 2,077 ​ ​ 6,077 ​ ​ 6,078 U.S. government agency securities ​ ​ — ​ ​ — ​ ​ 5,267 ​ ​ 5,266 Variable rate demand notes ​ — ​ — ​ 3,905 ​ 3,905 Due 11 - 20 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ — ​ — ​ 8,886 ​ 8,886 Due 21 - 30 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ ​ — ​ ​ — ​ ​ 6,885 ​ ​ 6,885 Due 31 - 40 years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable rate demand notes ​ ​ — ​ ​ — ​ ​ 2,004 ​ ​ 2,004 Total ​ $ 252,173 ​ $ 252,830 ​ $ 545,771 ​ $ 545,968

FAIR VALUE OF CERTAIN FINANCI_2

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2020
FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES
Schedule of financial assets and liabilities recorded at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 Level 1 Level 2 Level 3 Total Cash ​ $ 556,197 ​ $ — ​ $ — ​ $ 556,197 Money market funds ​ 314,405 ​ — ​ — ​ 314,405 Certificates of deposit ​ ​ — ​ ​ 6,859 ​ ​ — ​ ​ 6,859 Commercial paper ​ — ​ 66,288 ​ — ​ 66,288 U.S. government agency securities ​ — ​ 47,982 ​ — ​ 47,982 U.S. treasuries ​ ​ — ​ ​ 182,425 ​ ​ — ​ ​ 182,425 Foreign currency derivatives ​ — ​ 55 ​ — ​ 55 Total ​ $ 870,602 ​ $ 303,609 ​ $ — ​ $ 1,174,211 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 870,602 ​ $ 50,724 ​ $ — ​ $ 921,326 Short-term investments ​ — ​ 250,753 ​ — ​ 250,753 Accounts receivable, net ​ — ​ 197 ​ — ​ 197 Investments ​ ​ — ​ ​ 2,077 ​ ​ — ​ ​ 2,077 Accrued liabilities ​ — ​ (142) ​ — ​ (142) Total ​ $ 870,602 ​ $ 303,609 ​ $ — ​ $ 1,174,211 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 Level 1 Level 2 Level 3 Total Cash ​ $ 518,178 ​ $ — ​ $ — ​ $ 518,178 Money market funds ​ 191,131 ​ — ​ — ​ 191,131 Certificates of deposit ​ ​ — ​ ​ 28,049 ​ ​ — ​ ​ 28,049 Commercial paper ​ — ​ 96,867 ​ — ​ 96,867 Variable rate demand notes ​ — ​ 21,680 ​ — ​ 21,680 Municipal securities ​ — ​ 167,224 ​ — ​ 167,224 U.S. government agency securities ​ — ​ 73,634 ​ — ​ 73,634 U.S. treasuries ​ ​ — ​ ​ 247,162 ​ ​ — ​ ​ 247,162 Foreign currency derivatives ​ — ​ (687) ​ — ​ (687) Total ​ $ 709,309 ​ $ 633,929 ​ $ — ​ $ 1,343,238 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts included in: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 709,309 ​ $ 88,648 ​ $ — ​ $ 797,957 Short-term investments ​ — ​ 533,063 ​ — ​ 533,063 Accounts receivable, net ​ — ​ 329 ​ — ​ 329 Investments ​ ​ — ​ ​ 12,905 ​ ​ — ​ ​ 12,905 Accrued liabilities ​ — ​ (1,016) ​ — ​ (1,016) Total ​ $ 709,309 ​ $ 633,929 ​ $ — ​ $ 1,343,238 ​

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	6 Months Ended
	Jun. 30, 2020
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of notional amount and fair value of all outstanding foreign currency derivative instruments in the condensed consolidated balance sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 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 RUB ​ $ 8,914 ​ $ 181 ​ Accounts receivable, net Receive USD/pay ZAR ​ ​ 988 ​ ​ 7 Accounts receivable, net Receive SGD/pay USD ​ ​ 2,793 ​ ​ 5 ​ Accounts receivable, net Receive USD/pay COP ​ ​ 3,977 ​ ​ 3 ​ Accounts receivable, net Receive USD/pay DKK ​ ​ 499 ​ ​ 1 ​ Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 32,250 ​ $ (75) ​ Accrued liabilities Receive RSD/pay USD ​ ​ 9,097 ​ ​ (36) ​ Accrued liabilities Receive USD/pay AUD ​ ​ 9,850 ​ ​ (15) ​ Accrued liabilities Receive EUR/pay USD ​ 44,286 ​ (10) ​ Accrued liabilities Receive USD/pay NZD ​ 2,766 ​ (6) ​ Accrued liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 Derivatives not designated as ​ ​ ​ ​ ​ ​ ​ ​ hedging instruments under Notional Fair ​ ASC 815-20 ​ Amount ​ Value ​ Balance Sheet Location Assets: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive EUR/pay USD ​ $ 26,731 ​ $ 246 Accounts receivable, net Receive RSD/pay USD ​ 9,018 ​ 59 Accounts receivable, net Receive NOK/pay USD ​ 2,122 ​ 17 Accounts receivable, net Receive USD/pay SGD ​ 1,555 ​ 7 Accounts receivable, net ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Foreign currency exchange contracts: ​ ​ ​ ​ ​ ​ ​ ​ Receive USD/pay GBP ​ $ 38,406 ​ $ (695) ​ Accrued liabilities Receive USD/pay AUD ​ ​ 12,819 ​ ​ (172) ​ Accrued liabilities Receive USD/pay RUB ​ ​ 12,777 ​ ​ (55) ​ Accrued liabilities Receive USD/pay NZD ​ ​ 3,071 ​ ​ (33) ​ Accrued liabilities Receive USD/pay ZAR ​ ​ 3,349 ​ ​ (32) ​ Accrued liabilities Receive USD/pay COP ​ ​ 3,793 ​ ​ (18) Accrued liabilities Receive USD/pay DKK ​ 1,283 ​ (11) Accrued liabilities ​
Schedule of net gains (losses) on derivative instruments in the condensed consolidated statements of income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain (loss) ​ Three-months ended hedging instruments under ​ recognized in income on ​ June 30, ​ June 30, ASC 815-20 derivatives 2020 2019 Foreign currency exchange contracts Interest and other (expense) income, net ​ $ (2,235) ​ $ 935 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of gain (loss) ​ ​ ​ ​ recognized in income on ​ ​ ​ ​ derivatives Derivatives not designated as ​ Location of gain (loss) ​ Six-months ended hedging instruments under ​ recognized in income on ​ June 30, ​ June 30, ASC 815-20 derivatives 2020 2019 Foreign currency exchange contracts Interest and other (expense) income, net ​ $ 4,058 ​ $ (153)

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2020
INVENTORIES
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2020 ​ 2019 Raw materials ​ $ 138,684 ​ $ 134,885 Finished goods ​ 201,852 ​ 225,846 ​ ​ $ 340,536 ​ $ 360,731

PROPERTY AND EQUIPMENT, Net (Ta

PROPERTY AND EQUIPMENT, Net (Tables)	6 Months Ended
	Jun. 30, 2020
PROPERTY AND EQUIPMENT, Net
Schedule of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2020 ​ 2019 Land ​ $ 85,206 ​ $ 78,275 Leasehold improvements ​ 12,194 ​ 10,417 Furniture and fixtures ​ 8,202 ​ 8,426 Office and computer equipment ​ 22,936 ​ 22,766 Computer software ​ 5,296 ​ 4,450 Equipment ​ 194,882 ​ 214,293 Buildings ​ 142,127 ​ 126,338 Vehicles ​ 41,069 ​ 41,109 ​ ​ 511,912 ​ 506,074 Less: accumulated depreciation and amortization ​ (209,966) ​ (207,434) ​ ​ $ 301,946 ​ $ 298,640

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2020
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ — ​ — ​ — ​ — Balance at June 30, 2020 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Energy® ​ Strategic ​ ​ ​ ​ ​ ​ ​ Drinks Brands Other Total Balance at December 31, 2018 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 Acquisitions ​ ​ — ​ ​ — ​ ​ — ​ ​ — Balance at June 30, 2019 ​ $ 693,644 ​ $ 637,999 ​ $ — ​ $ 1,331,643 ​
Schedule of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, December 31, ​ ​ 2020 ​ 2019 Amortizing intangibles ​ $ 66,953 ​ $ 66,949 Accumulated amortization ​ (54,548) ​ (49,128) ​ ​ 12,405 ​ 17,821 Non-amortizing intangibles ​ 1,043,139 ​ 1,034,284 ​ ​ $ 1,055,544 ​ $ 1,052,105 ​
Schedule of future estimated amortization expense related to amortizing intangibles	The following is the future estimated amortization expense related to amortizing intangibles as of June 30, 2020: ​ ​ ​ ​ ​ 2020 (excluding the six-months ended June 30, 2020) $ 2,252 2021 ​ 4,429 2022 ​ 4,405 2023 ​ 1,111 2024 ​ 13 2025 and thereafter ​ 195 ​ ​ $ 12,405

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Jun. 30, 2020
ACCUMULATED OTHER COMPREHENSIVE LOSS
Schedule of components of accumulated other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency (Gains) Losses ​ ​ ​ ​ Translation ​ on Available-for- ​ ​ ​ ​ ​ Losses (Gains) ​ Sale Securities ​ Total Balance at December 31, 2019 ​ $ 32,581 ​ $ (194) ​ $ 32,387 Other comprehensive loss (income) before reclassifications ​ 21,555 ​ ​ (504) ​ ​ 21,051 Amounts reclassified from accumulated other comprehensive loss (income) ​ — ​ ​ — ​ ​ — Net current-period other comprehensive loss (income) ​ 21,555 ​ ​ (504) ​ ​ 21,051 Balance at June 30, 2020 ​ $ 54,136 ​ $ (698) ​ $ 53,438 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Currency ​ (Gains) Losses ​ ​ ​ ​ Translation on Available-for- ​ ​ ​ ​ Losses (Gains) ​ Sale Securities ​ Total Balance at December 31, 2018 ​ $ 32,775 ​ $ 89 ​ $ 32,864 Other comprehensive loss (income) before reclassifications ​ (3,773) ​ ​ (335) ​ ​ (4,108) Amounts reclassified from accumulated other comprehensive loss (income) ​ — ​ ​ — ​ ​ — Net current-period other comprehensive loss (income) ​ (3,773) ​ ​ (335) ​ ​ (4,108) Balance at June 30, 2019 ​ $ 29,002 ​ $ (246) ​ $ 28,756

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2020
STOCK-BASED COMPENSATION
Schedule of weighted-average assumptions used to estimate the fair value of options granted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended June 30, ​ Six-Months Ended June 30, ​ ​ 2020* 2019* 2020 2019 ​ Dividend yield — ​ — ​ 0.0 % 0.0 % Expected volatility — ​ — ​ 30.5 % 30.2 % Risk-free interest rate — ​ — ​ 0.7 % 2.4 % Expected term — ​ — ​ 5.8 years 6.0 years ​ *No options were granted during the three-months ended June 30, 2020 and 2019. ​
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, 2020 14,941 ​ $ 42.88 6.3 ​ $ 308,884 Granted 01/01/20 - 03/31/20 1,027 ​ $ 62.45 ​ ​ ​ ​ ​ Granted 04/01/20 - 06/30/20 ​ — ​ $ — ​ ​ ​ ​ ​ Exercised (1,177) ​ $ 37.24 ​ ​ ​ ​ ​ Cancelled or forfeited (46) ​ $ 51.93 ​ ​ ​ ​ ​ Outstanding at June 30, 2020 14,745 ​ $ 44.66 6.2 ​ $ 363,570 Vested and expected to vest in the future at June 30, 2020 14,036 ​ $ 44.02 6.1 ​ $ 355,045 Exercisable at June 30, 2020 8,652 ​ $ 37.13 5.0 ​ $ 278,553 ​ No options were granted during the three-months ended June 30, 2020 and 2019. The weighted-average grant-date fair value of options granted during the six-months ended June 30, 2020 and 2019 was $18.78 per share and $20.30 per share, respectively.
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, 2020 825 ​ $ 57.62 Granted 01/01/20 - 03/31/20 1 392 ​ $ 62.39 Granted 04/01/20 - 06/30/20 ​ 17 ​ $ 71.72 Vested (287) ​ $ 55.65 Forfeited/cancelled (1) ​ $ 59.67 Non-vested at June 30, 2020 946 ​ $ 60.45 ​ 1 The grant activity for performance share units is recorded based on the target performance level earning 100% of target performance share units. The actual number of performance share units earned could range from 0% to 200% of target dependent on the pre-established performance goals. ​ The weighted-average grant-date fair value of restricted stock units granted during the three-months ended June 30, 2020 was $71.72 per share. The weighted-average grant-date fair value of restricted stock units granted during the three-months ended June 30, 2019 was $63.48 per share. No performance share units were granted during the three-months ended June 30, 2020 and 2019. The weighted-average grant-date fair value of restricted stock units and performance share units granted during the six-months ended June 30, 2020 was $62.78 per share. The weighted-average grant-date fair value of restricted stock units granted during the six-months ended June 30, 2019 was $59.79 per share. No performance share units were granted during the six- months ended June 30, 2019.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2019 ​ $ 2,993 Additions for tax positions related to the current year ​ — Additions for tax positions related to the prior years ​ — Decreases related to settlement with taxing authority ​ — Balance at June 30, 2020 ​ $ 2,993

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2020
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 ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Weighted-average shares outstanding: ​ ​ ​ ​ ​ ​ ​ ​ Basic 526,911 544,156 531,486 543,466 Dilutive 4,280 4,062 4,411 4,833 Diluted 531,191 548,218 535,897 548,299

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2020
SEGMENT INFORMATION
Schedule of net revenues and other financial information by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Net sales: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® Drinks (1) ​ $ 1,027,686 ​ $ 1,019,110 ​ $ 2,020,140 ​ $ 1,889,495 Strategic Brands ​ 59,566 ​ 79,144 ​ 124,104 ​ 149,430 Other ​ 6,644 ​ 5,791 ​ 11,749 ​ 11,112 Corporate and unallocated ​ — ​ — ​ — ​ — ​ ​ $ 1,093,896 ​ $ 1,104,045 ​ $ 2,155,993 ​ $ 2,050,037 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Operating Income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® (1) (2) ​ $ 453,388 ​ $ 410,804 ​ $ 864,528 ​ $ 753,803 Strategic Brands ​ 37,692 ​ 50,075 ​ 74,411 ​ 95,656 Other ​ 1,626 ​ 1,119 ​ 2,412 ​ 2,021 Corporate and unallocated ​ (85,442) ​ (83,008) ​ (169,099) ​ (161,028) ​ ​ $ 407,264 ​ $ 378,990 ​ $ 772,252 ​ $ 690,452 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Income before tax: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® (1) (2) ​ $ 453,418 ​ $ 410,897 ​ $ 864,596 ​ $ 753,913 Strategic Brands ​ 37,692 ​ 50,075 ​ 74,411 ​ 95,651 Other ​ 1,626 ​ 1,124 ​ 2,412 ​ 2,026 Corporate and unallocated ​ (87,268) ​ (80,133) ​ (170,090) ​ (155,424) ​ ​ $ 405,468 ​ $ 381,963 ​ $ 771,329 ​ $ 696,166 ​ (1) Includes $10.5 million and $10.6 million for the three-months ended June 30, 2020 and 2019, respectively, related to the recognition of deferred revenue. Includes $21.1 million and $24.8 million for the six-months ended June 30, 2020 and 2019, respectively, related to the recognition of deferred revenue. (2) Includes $0.2 million and $0.3 million for the three-months ended June 30, 2020 and 2019, respectively, related to distributor termination costs. Includes $0.2 million and $11.0 million for the six-months ended June 30, 2020 and 2019, respectively, related to distributor termination costs. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-Months Ended ​ Six-Months Ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Depreciation and amortization: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Monster Energy® ​ $ 9,322 ​ $ 10,332 ​ $ 18,974 ​ $ 20,129 Strategic Brands ​ 1,675 ​ 1,972 ​ 3,705 ​ 3,935 Other ​ 1,194 ​ 1,157 ​ 2,358 ​ 2,313 Corporate and unallocated ​ 2,574 ​ 2,168 ​ 5,053 ​ 4,122 ​ ​ $ 14,765 ​ $ 15,629 ​ $ 30,090 ​ $ 30,499
Schedule of goodwill and other intangible assets for the reportable segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Goodwill and other intangible assets: ​ ​ ​ ​ ​ ​ Monster Energy® ​ $ 1,397,016 ​ $ 1,384,940 Strategic Brands ​ 978,014 ​ 984,393 Other ​ 12,157 ​ 14,415 Corporate and unallocated ​ — ​ — ​ ​ $ 2,387,187 ​ $ 2,383,748

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Jun. 30, 2020
RELATED PARTY TRANSACTIONS
Schedule of related party transactions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Accounts receivable, net ​ $ 65,212 ​ $ 21,670 Accounts payable ​ $ (28,776) ​ $ (18,217) Accrued promotional allowances ​ $ (4,057) ​ $ (5,321) Accrued liabilities ​ $ (19,710) ​ $ —

REVENUE RECOGNITION - (Details)

REVENUE RECOGNITION - (Details)	6 Months Ended
	Jun. 30, 2020segment
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 ($)	3 Months Ended		6 Months Ended		15 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Dec. 31, 2019
Total Net Sales	$ 1,093,896,000	$ 1,104,045,000	$ 2,155,993,000	$ 2,050,037,000
Contract Liabilities
Deferred revenue	317,800,000		317,800,000		$ 317,800,000	$ 331,700,000
Deferred revenue recognized in net sales		10,600,000	21,100,000	24,800,000	$ 10,500,000
U.S. and Canada
Total Net Sales	794,745,000	791,765,000	1,527,739	1,481,663,000
EMEA
Total Net Sales	142,715,000	179,241,000	327,833	325,787,000
Asia Pacific
Total Net Sales	118,018,000	90,507,000	209,239	159,188,000
Latin America and Caribbean
Total Net Sales	38,418,000	42,532,000	91,182	83,399,000
Monster Energy Drinks
Total Net Sales	1,027,686,000	1,019,110,000	2,020,139	1,889,495,000
Monster Energy Drinks | U.S. and Canada
Total Net Sales	746,946,000	738,554,000	1,436,964	1,381,380,000
Monster Energy Drinks | EMEA
Total Net Sales	129,921,000	155,448,000	294,692	280,086,000
Monster Energy Drinks | Asia Pacific
Total Net Sales	112,832,000	82,952,000	198,736	145,408,000
Monster Energy Drinks | Latin America and Caribbean
Total Net Sales	37,987,000	42,156,000	89,747	82,621,000
Strategic Brands
Total Net Sales	59,566,000	79,144,000	124,105	149,430,000
Strategic Brands | U.S. and Canada
Total Net Sales	41,155,000	47,420,000	79,026	89,171,000
Strategic Brands | EMEA
Total Net Sales	12,794,000	23,793,000	33,141	45,701,000
Strategic Brands | Asia Pacific
Total Net Sales	5,186,000	7,555,000	10,503	13,780,000
Strategic Brands | Latin America and Caribbean
Total Net Sales	431,000	376,000	1,435	778,000
Other
Total Net Sales	6,644,000	5,791,000	11,749	11,112,000
Other | U.S. and Canada
Total Net Sales	$ 6,644,000	$ 5,791,000	$ 11,749	$ 11,112,000

LEASES - Lease Terms (Details)

LEASES - Lease Terms (Details)	6 Months Ended
	Jun. 30, 2020
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)	14 years
Finance leases, lease term (in years)	14 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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
LEASES
Operating lease cost	$ 893	$ 1,210	$ 2,338	$ 2,325
Short-term lease cost	877	477	1,584	1,559
Variable lease cost	160	170	322	335
Finance leases:
Amortization of ROU assets	186	94	334	174
Interest on lease liabilities	14	15	25	30
Finance lease cost	200	109	359	204
Total lease cost	$ 2,130	$ 1,966	$ 4,603	$ 4,423

LEASES - Supplemental cash flow

LEASES - Supplemental cash flow information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 2,084	$ 2,032
Operating cash flows from finance leases	25	30
Financing cash flows from finance leases	1,680	932
ROU assets obtained in exchange for lease obligations:
Finance leases	2,024	1,252
Operating leases	$ 2,020	$ 27,224

LEASES - ROU assets for operati

LEASES - ROU assets for operating and finance leases (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ROU assets for operating and finance leases
Operating leases	$ 23,760	$ 31,342
Finance leases	3,355	2,632
Real Estate
ROU assets for operating and finance leases
Operating leases	23,463	30,926
Equipment
ROU assets for operating and finance leases
Operating leases	297	416
Finance leases	$ 3,355	$ 2,632

LEASES - Operating and finance

LEASES - Operating and finance leases liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Operating Leases	$ 21,111	$ 28,463
Finance Leases	1,825	1,485
Accrued liabilities
Lessee, Lease, Description [Line Items]
Operating Leases	2,977	2,812
Finance Leases	1,825	1,485
Other Liabilities
Lessee, Lease, Description [Line Items]
Operating Leases	$ 18,134	$ 25,651

LEASES - Weighted-average remai

LEASES - Weighted-average remaining lease term and weighted-average discount rate (Details)	Jun. 30, 2020	Dec. 31, 2019
LEASES
Weighted-average remaining lease term (years), Operating Leases	9 years 9 months 18 days	10 years 1 month 6 days
Weighted-average remaining lease term (years), Finance Leases	8 months 12 days	7 months 6 days
Weighted-average discount rate, Operating Leases	3.60%	3.10%
Weighted-average discount rate, Finance Leases	2.30%	2.90%

LEASES - Undiscounted future le

LEASES - Undiscounted future lease payments for operating and finance leases (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Operating Leases
2020 (excluding the Six-months ended June 30, 2020)	$ 1,836
2021	3,506
2022	2,838
2023	2,164
2024	1,881
2025 and thereafter	13,089
Total lease payments	25,314
Less imputed interest	(4,203)
Total	21,111	$ 28,463
Finance Leases
2020 (excluding the Six-months ended June 30, 2020)	1,489
2021	351
Total lease payments	1,840
Less imputed interest	(15)
Total	$ 1,825	$ 1,485

INVESTMENTS (Details)

INVESTMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Available-for-sale
Amortized Cost	$ 252,173	$ 545,771
Gross Unrealized Holding Gains	674	285
Gross Unrealized Holding Losses	17	88
Fair Value	252,830	545,968
Continuous Unrealized Loss Position less than 12 Months	17	88
Short-term | Commercial paper
Available-for-sale
Amortized Cost	58,540	83,478
Fair Value	58,540	83,478
Short-term | Certificates of deposit
Available-for-sale
Amortized Cost	3,624	28,049
Fair Value	3,624	28,049
Short-term | Municipal securities
Available-for-sale
Amortized Cost		147,983
Gross Unrealized Holding Gains		145
Gross Unrealized Holding Losses		20
Fair Value		148,108
Continuous Unrealized Loss Position less than 12 Months		20
Short-term | U.S. government agency securities
Available-for-sale
Amortized Cost	44,851	40,620
Gross Unrealized Holding Gains	41	5
Gross Unrealized Holding Losses	9	35
Fair Value	44,883	40,590
Continuous Unrealized Loss Position less than 12 Months	9	35
Short-term | U.S. treasuries
Available-for-sale
Amortized Cost	143,081	211,055
Gross Unrealized Holding Gains	633	134
Gross Unrealized Holding Losses	8	31
Fair Value	143,706	211,158
Continuous Unrealized Loss Position less than 12 Months	8	31
Short-term | Variable rate demand notes
Available-for-sale
Amortized Cost		21,680
Fair Value		21,680
Long-term | Municipal securities
Available-for-sale
Amortized Cost		1,562
Gross Unrealized Holding Losses		1
Fair Value		1,561
Continuous Unrealized Loss Position less than 12 Months		1
Long-term | U.S. government agency securities
Available-for-sale
Amortized Cost		5,267
Gross Unrealized Holding Losses		1
Fair Value		5,266
Continuous Unrealized Loss Position less than 12 Months		1
Long-term | U.S. treasuries
Available-for-sale
Amortized Cost	2,077	6,077
Gross Unrealized Holding Gains		1
Fair Value	$ 2,077	$ 6,078

INVESTMENTS - Maturity Period (

INVESTMENTS - Maturity Period (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Investments
Amortized Cost	$ 252,173	$ 545,771
Fair Value	252,830	545,968
Commercial paper | Less than 1 year
Investments
Amortized Cost	58,540	83,478
Fair Value	58,540	83,478
Municipal securities | Less than 1 year
Investments
Amortized Cost		147,983
Fair Value		148,108
Municipal securities | Due 1 - 10 years
Investments
Amortized Cost		1,562
Fair Value		1,561
U.S. government agency securities | Less than 1 year
Investments
Amortized Cost	44,851	40,620
Fair Value	44,883	40,590
U.S. government agency securities | Due 1 - 10 years
Investments
Amortized Cost		5,267
Fair Value		5,266
Certificates of deposit | Less than 1 year
Investments
Amortized Cost	3,624	28,049
Fair Value	3,624	28,049
U.S. treasuries | Less than 1 year
Investments
Amortized Cost	143,081	211,055
Fair Value	143,706	211,158
U.S. treasuries | Due 1 - 10 years
Investments
Amortized Cost	2,077	6,077
Fair Value	$ 2,077	6,078
Variable rate demand notes | Due 1 - 10 years
Investments
Amortized Cost		3,905
Fair Value		3,905
Variable rate demand notes | Due 11 - 20 years
Investments
Amortized Cost		8,886
Fair Value		8,886
Variable rate demand notes | Due 21 - 30 years
Investments
Amortized Cost		6,885
Fair Value		6,885
Variable rate demand notes | Due 31 - 40 years
Investments
Amortized Cost		2,004
Fair Value		$ 2,004

FAIR VALUE OF CERTAIN FINANCI_3

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Fair value of certain financial assets and liabilities
Cash and cash equivalents	$ 921,326	$ 797,957	$ 888,247	$ 637,513
Short-term investments	250,753	533,063
Investments	2,077	12,905
Asset transfers between Level 1 and Level 2 measurements	0	0
Total fair value
Fair value of certain financial assets and liabilities
Cash	556,197	518,178
Foreign currency derivatives	55
Assets measured at fair value	1,174,211	1,343,238
Cash and cash equivalents	921,326	797,957
Short-term investments	250,753	533,063
Accounts receivable, net	197	329
Investments	2,077	12,905
Accrued liabilities	(142)	(1,016)
Foreign currency derivatives		(687)
Total fair value | Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	314,405	191,131
Total fair value | Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	6,859	28,049
Total fair value | Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	66,288	96,867
Total fair value | Variable rate demand notes
Fair value of certain financial assets and liabilities
Assets measured at fair value		21,680
Total fair value | Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value		167,224
Total fair value | U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	47,982	73,634
Total fair value | U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	182,425	247,162
Level 1
Fair value of certain financial assets and liabilities
Cash	556,197	518,178
Assets measured at fair value	870,602	709,309
Cash and cash equivalents	870,602	709,309
Level 1 | Money market funds
Fair value of certain financial assets and liabilities
Assets measured at fair value	314,405	191,131
Level 2
Fair value of certain financial assets and liabilities
Foreign currency derivatives	55
Assets measured at fair value	303,609	633,929
Cash and cash equivalents	50,724	88,648
Short-term investments	250,753	533,063
Accounts receivable, net	197	329
Investments	2,077	12,905
Accrued liabilities	(142)	(1,016)
Foreign currency derivatives		(687)
Level 2 | Certificates of deposit
Fair value of certain financial assets and liabilities
Assets measured at fair value	6,859	28,049
Level 2 | Commercial paper
Fair value of certain financial assets and liabilities
Assets measured at fair value	66,288	96,867
Level 2 | Variable rate demand notes
Fair value of certain financial assets and liabilities
Assets measured at fair value		21,680
Level 2 | Municipal securities
Fair value of certain financial assets and liabilities
Assets measured at fair value		167,224
Level 2 | U.S. government agency securities
Fair value of certain financial assets and liabilities
Assets measured at fair value	47,982	73,634
Level 2 | U.S. treasuries
Fair value of certain financial assets and liabilities
Assets measured at fair value	$ 182,425	$ 247,162

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amount and Fair Value (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
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 RSD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets		$ 9,018
Fair Value, Assets		59
Not designated as hedging instruments | Accounts receivable, net | Receive NOK/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets		2,122
Fair Value, Assets		17
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay SGD
Derivative Instruments and Hedging Activities
Notional amount, Assets		1,555
Fair Value, Assets		7
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay COP
Derivative Instruments and Hedging Activities
Notional amount, Assets	$ 3,977
Fair Value, Assets	3
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay ZAR
Derivative Instruments and Hedging Activities
Notional amount, Assets	988
Fair Value, Assets	7
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay DKK
Derivative Instruments and Hedging Activities
Notional amount, Assets	499
Fair Value, Assets	1
Not designated as hedging instruments | Accounts receivable, net | Receive SGD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets	2,793
Fair Value, Assets	5
Not designated as hedging instruments | Accounts receivable, net | Receive EUR/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Assets		26,731
Fair Value, Assets		246
Not designated as hedging instruments | Accounts receivable, net | Receive USD/pay RUB
Derivative Instruments and Hedging Activities
Notional amount, Assets	8,914
Fair Value, Assets	181
Not designated as hedging instruments | Accrued liabilities | Receive RSD/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	9,097
Fair Value, Liabilities	(36)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay GBP
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	32,250	38,406
Fair Value, Liabilities	(75)	(695)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay AUD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	9,850	12,819
Fair Value, Liabilities	(15)	(172)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay NZD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	2,766	3,071
Fair Value, Liabilities	(6)	(33)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay COP
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		3,793
Fair Value, Liabilities		(18)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay ZAR
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		3,349
Fair Value, Liabilities		(32)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay DKK
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		1,283
Fair Value, Liabilities		(11)
Not designated as hedging instruments | Accrued liabilities | Receive EUR/pay USD
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	44,286
Fair Value, Liabilities	$ (10)
Not designated as hedging instruments | Accrued liabilities | Receive USD/pay RUB
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		12,777
Fair Value, Liabilities		$ (55)

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Nonhedging Designation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Not designated as hedging instruments | Foreign currency exchange contracts | Interest and other income, net
Net gains (loss) on derivative instruments
Amount of gain (loss) recognized in income on derivatives	$ (2,235)	$ 935	$ 4,058	$ (153)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
INVENTORIES
Raw materials	$ 138,684	$ 134,885
Finished goods	201,852	225,846
Inventories	$ 340,536	$ 360,731

PROPERTY AND EQUIPMENT, Net (De

PROPERTY AND EQUIPMENT, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property and equipment, net
Property and equipment, gross	$ 511,912		$ 511,912		$ 506,074
Less: accumulated depreciation and amortization	(209,966)		(209,966)		(207,434)
Property and equipment, net	301,946		301,946		298,640
Total depreciation and amortization expense	12,300	$ 12,700	24,700	$ 24,600
Land
Property and equipment, net
Property and equipment, gross	85,206		85,206		78,275
Leasehold improvements
Property and equipment, net
Property and equipment, gross	12,194		12,194		10,417
Furniture and fixtures
Property and equipment, net
Property and equipment, gross	8,202		8,202		8,426
Office and computer equipment
Property and equipment, net
Property and equipment, gross	22,936		22,936		22,766
Computer software
Property and equipment, net
Property and equipment, gross	5,296		5,296		4,450
Equipment
Property and equipment, net
Property and equipment, gross	194,882		194,882		214,293
Buildings
Property and equipment, net
Property and equipment, gross	142,127		142,127		126,338
Vehicles
Property and equipment, net
Property and equipment, gross	$ 41,069		$ 41,069		$ 41,109

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Intangible assets
Amortizing intangibles	$ 66,953		$ 66,953		$ 66,949
Accumulated amortization	(54,548)		(54,548)		(49,128)
Amortizing intangibles, net	12,405		12,405		17,821
Non-amortizing intangibles	1,043,139		1,043,139		1,034,284
Intangibles, net	1,055,544		1,055,544		$ 1,052,105
Amortization expense	2,500	$ 3,000	5,400	$ 5,900
Impairment charge of Strategic Brand trademark	$ 1,000		$ 4,000
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	Jun. 30, 2020	Dec. 31, 2019
Future estimated amortization expense related to amortizing intangibles
2020 (excluding the six-months ended June 30, 2020)	$ 2,252
2021	4,429
2022	4,405
2023	1,111
2024	13
2025 and thereafter	195
Amortizing intangibles, net	$ 12,405	$ 17,821

DISTRIBUTION AGREEMENTS (Detail

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
DISTRIBUTION AGREEMENTS
Termination costs	$ 0.2	$ 0.3	$ 0.2	$ 11
Distribution agreement (in years)			20 years
Revenue recognized	$ 10.5	$ 10.6	$ 21.1	$ 24.8

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Purchase Commitments (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Feb. 28, 2018	Jan. 31, 2018
Purchase Commitments
Contractual Obligation	$ 182.1
Line of credit
Purchase Commitments
Maximum borrowing capacity		$ 15	$ 9
Interest rate (as a percent)	5.50%
Amount outstanding	$ 0
Raw materials
Purchase Commitments
Purchase commitments	$ 59.2
Obligation term ( in years)	1 year

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Litigation (Details) $ in Millions	Jun. 30, 2020USD ($)
COMMITMENTS AND CONTINGENCIES
Accrued loss contingencies	$ 17.5

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	$ 32,387	$ 32,864
Other comprehensive loss (income) before reclassifications	21,051	(4,108)
Net current-period other comprehensive loss (income)	21,051	(4,108)
Balance at the end of the period	53,438	28,756
Currency Translation Losses
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	32,581	32,775
Other comprehensive loss (income) before reclassifications	21,555	(3,773)
Net current-period other comprehensive loss (income)	21,555	(3,773)
Balance at the end of the period	54,136	29,002
Unrealized (Gains) Losses on Available-for-Sale Securities
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	(194)	89
Other comprehensive loss (income) before reclassifications	(504)	(335)
Net current-period other comprehensive loss (income)	(504)	(335)
Balance at the end of the period	$ (698)	$ (246)

TREASURY STOCK (Details)

TREASURY STOCK (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Aug. 06, 2020	Nov. 06, 2019
Treasury Stock Purchase
Number of shares repurchased of common stock from employees in lieu of cash or withholding taxes due	3,231				3,231
Common stock repurchased	$ 15,822	$ 579,948	$ 621	$ 222,792
Cash payment for repurchase of common stock from employees in lieu of cash or withholding taxes due					$ 200
November 2019 Repurchase Plan
Treasury Stock Purchase
Common stock repurchased (in shares)					0.3
Average purchase price (in dollars per share)					$ 52.88
Common stock repurchased					$ 15,600
November 2019 Repurchase Plan | Maximum
Treasury Stock Purchase
Share repurchase program, authorized amount							$ 500,000
March 2020 Repurchase Plan
Treasury Stock Purchase
Share repurchase program, authorized remaining amount						$ 441,500

STOCK-BASED COMPENSATION - Plan

STOCK-BASED COMPENSATION - Plans (Details) $ in Millions	Jun. 03, 2020shares	Jun. 30, 2020USD ($)shares	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)planshares	Jun. 30, 2019USD ($)	Dec. 31, 2019shares
STOCK-BASED COMPENSATION
Stock-based compensation plans | plan				2
Aggregate amount of common stock authorized (in shares)	46,169,367
Reduction in number of shares for each share granted	2.6
Shares granted				1,401,750
Shares available for grant		44,173,226		44,173,226
Compensation expense on share-based plans | $		$ 15.9	$ 15.6	$ 33	$ 30.9
Excess tax benefit realized for tax deductions from non-qualified stock option exercises and disqualifying dispositions of incentive stock options | $		$ 4	$ 3.8	$ 5.7	$ 26.2
2020 Omnibus Incentive Plan
STOCK-BASED COMPENSATION
Aggregate amount of common stock authorized (in shares)	32,000,000
2020 Omnibus Incentive Plan | Stock Options
STOCK-BASED COMPENSATION
Exercise period	10 years
2020 Omnibus Incentive Plan | Stock Options | Minimum
STOCK-BASED COMPENSATION
Vesting period	3 years
2020 Omnibus Incentive Plan | Stock Options | Maximum
STOCK-BASED COMPENSATION
Vesting period	5 years
2020 Omnibus Incentive Plan | Restricted Stock Units and Performance Share Units | Minimum
STOCK-BASED COMPENSATION
Vesting period	3 years
2020 Omnibus Incentive Plan | Restricted Stock Units and Performance Share Units | Maximum
STOCK-BASED COMPENSATION
Vesting period	5 years
2011 Omnibus Incentive Plan
STOCK-BASED COMPENSATION
Aggregate amount of common stock authorized (in shares)						14,169,367

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		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
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)			30.50%	30.20%
Risk-free interest rate (as a percent)			0.70%	2.40%
Expected term			5 years 9 months 18 days	6 years
Stock options, Number of Shares
Balance at the beginning of the period (in shares)			14,941
Granted (in shares)			1,027
Exercised (in shares)			(1,177)
Cancelled or forfeited (in shares)			(46)
Balance at the end of the period (in shares)	14,745		14,745		14,941
Vested and expected to vest in the future at the end of the period (in shares)	14,036		14,036
Exercisable at the end of the period (in shares)	8,652		8,652
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share)			$ 42.88
Granted (in dollars per share)			62.45
Exercised (in dollars per share)			37.24
Cancelled or forfeited (in dollars per share)			51.93
Balance at the end of the period (in dollars per share)	$ 44.66		44.66		$ 42.88
Vested and expected to vest in the future at the end of the period (in dollars per share)	44.02		44.02
Exercisable at the end of the period (in dollars per share)	$ 37.13		$ 37.13
Weighted-Average Remaining Contractual Term (in years)
Weighted-Average Remaining Contractual Terms (in years)			6 years 2 months 12 days		6 years 3 months 18 days
Vested and expected to vest in the future at the end of the period			6 years 1 month 6 days
Exercisable at the end of the period			5 years
Aggregate Intrinsic Value
Balance at the beginning of the period			$ 308,884
Balance at the end of the period	$ 363,570		363,570		$ 308,884
Vested and expected to vest in the future at the end of the period	355,045		355,045
Exercisable at the end of the period	$ 278,553		$ 278,553

STOCK-BASED COMPENSATION - Equi

STOCK-BASED COMPENSATION - Equity Awards (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
STOCK-BASED COMPENSATION
Total intrinsic value of options exercised			$ 36,200	$ 211,300
Compensation cost charged against income
Total employee and non-employee share-based compensation expense included in income, before income tax			$ 33,034	$ 30,899
Stock Options
STOCK-BASED COMPENSATION
Weighted-average grant-date fair value of options granted (in dollars per share)			$ 18.78	$ 20.30
Total intrinsic value of options exercised	$ 25,300	$ 32,900
Cash received from option exercises	29,900	$ 46,000	$ 43,800	$ 81,100
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 77,800		$ 77,800
Cost expected to be recognized over a weighted-average period			2 years 6 months
Stock units expected to vest (in shares)	14,036		14,036
Restricted stock units
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)	$ 71.72	$ 63.48
Restricted Stock Units and Performance Share Units
STOCK-BASED COMPENSATION
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 43,000		$ 43,000
Cost expected to be recognized over a weighted-average period			2 years 8 months 12 days
Stock units expected to vest (in shares)	800		800
Number of Shares
Non-vested at the beginning of the period (in shares)			825
Vested (in shares)			(287)
Forfeited/cancelled (in shares)			(1)
Non-vested at the end of the period (in shares)	946		946
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)			$ 57.62
Granted (in dollars per share)			62.78	$ 59.79
Vested (in dollars per share)			55.65
Forfeited/cancelled (in dollars per share)			59.67
Non-vested at the end of the period (in dollars per share)	$ 60.45		$ 60.45
Restricted Stock Units and Performance Share Units | Granted 01/01/20 - 03/31/20
Number of Shares
Granted (in shares)			392
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)			$ 62.39
Restricted Stock Units and Performance Share Units | Granted 04/01/20 - 06/30/20
Number of Shares
Granted (in shares)			17
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)			$ 71.72
Performance Share Units
STOCK-BASED COMPENSATION
Percentage of Target Performance Level			100.00%
Number of Shares
Granted (in shares)				0
Weighted Average Grant-Date Fair Value
Granted (in dollars per share)	$ 0	$ 0
Performance Share Units | Maximum
STOCK-BASED COMPENSATION
Percentage of Target Performance Level			200.00%
Performance Share Units | Minimum
STOCK-BASED COMPENSATION
Percentage of Target Performance Level			0.00%

INCOME TAXES (Details)

INCOME TAXES (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Gross unrecognized tax benefits, roll forward
Balance at the beginning of the period	$ 2,993
Additions for tax positions related to the current year	0
Additions for tax positions related to the prior years	0
Decreases related to settlement with taxing authority	0
Balance at the end of the period	2,993
Accrued interest and penalties related to unrecognized tax benefits	$ 400

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Weighted-average shares outstanding:
Basic	526,911	544,156	531,486	543,466
Dilutive securities	4,280	4,062	4,411	4,833
Diluted	531,191	548,218	535,897	548,299
Options and awards outstanding excluded from the calculations as their effect would have been antidilutive (in shares)	4,900	4,900		4,200

SEGMENT INFORMATION - Net Reven

SEGMENT INFORMATION - Net Revenues (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)segment	Jun. 30, 2019USD ($)
Segment information
Number of reportable segments | segment			3
Number of operating segments | segment			3
Total Net Sales	$ 1,093,896,000	$ 1,104,045,000	$ 2,155,993,000	$ 2,050,037,000
Operating income	407,264,000	378,990,000	772,252,000	690,452,000
Income before tax	405,468,000	381,963,000	771,329,000	696,166,000
Recognition of deferred revenue	10,500,000	10,600,000	21,100,000	24,800,000
Corporate and unallocated
Segment information
Operating income	(85,442,000)	(83,008,000)	(169,099,000)	(161,028,000)
Income before tax	(87,268,000)	(80,133,000)	(170,090,000)	(155,424,000)
Monster Energy Drinks
Segment information
Total Net Sales	1,027,686,000	1,019,110,000	2,020,139	1,889,495,000
Monster Energy Drinks | Operating segment
Segment information
Total Net Sales	1,027,686,000	1,019,110,000	2,020,140,000	1,889,495,000
Operating income	453,388,000	410,804,000	864,528,000	753,803,000
Income before tax	453,418,000	410,897,000	864,596,000	753,913,000
Recognition of deferred revenue	10,500,000	10,600,000	21,100,000	24,800,000
Termination costs of distributors	200,000	300,000	200,000	11,000,000
Strategic Brands
Segment information
Total Net Sales	59,566,000	79,144,000	124,105	149,430,000
Strategic Brands | Operating segment
Segment information
Total Net Sales	59,566,000	79,144,000	124,104,000	149,430,000
Operating income	37,692,000	50,075,000	74,411,000	95,656,000
Income before tax	37,692,000	50,075,000	74,411,000	95,651,000
Other
Segment information
Total Net Sales	6,644,000	5,791,000	11,749	11,112,000
Other | Operating segment
Segment information
Total Net Sales	6,644,000	5,791,000	11,749,000	11,112,000
Operating income	1,626,000	1,119,000	2,412,000	2,021,000
Income before tax	$ 1,626,000	$ 1,124,000	$ 2,412,000	$ 2,026,000

SEGMENT INFORMATION - Depreciat

SEGMENT INFORMATION - Depreciation and Amortization (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment information
Depreciation and amortization			$ 32,057	$ 32,444
Depreciation and amortization	$ 14,765	$ 15,629	30,090	30,499
Corporate and unallocated
Segment information
Depreciation and amortization	2,574	2,168	5,053	4,122
Monster Energy Drinks | Operating segment
Segment information
Depreciation and amortization	9,322	10,332	18,974	20,129
Strategic Brands | Operating segment
Segment information
Depreciation and amortization	1,675	1,972	3,705	3,935
Other | Operating segment
Segment information
Depreciation and amortization	$ 1,194	$ 1,157	$ 2,358	$ 2,313

SEGMENT INFORMATION - Expenses

SEGMENT INFORMATION - Expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment information
Stock-based compensation expense	$ 15.9	$ 15.6	$ 33	$ 30.9
Corporate and unallocated
Segment information
Payroll costs	56.5	50.5	111.8	100.9
Stock-based compensation expense	15.9	15.6	33
Professional service expenses	17.1	18.4	33.5	35.9
Other operating expenses	$ 11.8	$ 14.1	$ 23.8	$ 24.2

SEGMENT INFORMATION - Concentra

SEGMENT INFORMATION - Concentration Risk (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment information
Total Net Sales	$ 1,093,896	$ 1,104,045	$ 2,155,993	$ 2,050,037
Net Sales | Outside United States
Segment information
Percentage of net sales	30.00%	31.00%	32.00%	31.00%
Total Net Sales	$ 328,300	$ 343,300	$ 685,100	$ 627,300
Coca-Cola Consolidated, Inc | Net Sales | Customer concentration
Segment information
Percentage of net sales	13.00%	13.00%	12.00%	13.00%
Reyes Coca-Cola Bottling | Net Sales | Customer concentration
Segment information
Percentage of net sales	11.00%	11.00%	11.00%	11.00%
Coca-Cola European Partners | Net Sales | Customer concentration
Segment information
Percentage of net sales	8.00%	10.00%	9.00%	10.00%

SEGMENT INFORMATION - Goodwill

SEGMENT INFORMATION - Goodwill and other intangible assets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Segment information
Goodwill and other intangible assets	$ 2,387,187	$ 2,383,748
Monster Energy Drinks | Operating segment
Segment information
Goodwill and other intangible assets	1,397,016	1,384,940
Strategic Brands | Operating segment
Segment information
Goodwill and other intangible assets	978,014	984,393
Other | Operating segment
Segment information
Goodwill and other intangible assets	$ 12,157	$ 14,415

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)director	Jun. 30, 2019USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Related party transactions
Equity loss	$ (4,221,540)	$ (4,057,586)	$ (4,221,540)	$ (4,057,586)	$ (3,870,946)	$ (4,171,281)	$ (3,698,820)	$ (3,610,901)
TCCC
Related party transactions
Related Party Ownership Interest (as a percent)	19.40%		19.40%
Net sales	$ 14,200	21,300	$ 33,600	38,600
Purchases from related party	6,500	7,300	10,800	13,900
TCCC Subsidiaries and TCCC Related parties
Related party transactions
Commission expenses	10,700	15,800	22,100	27,900
TCCC Related parties and TCCC Independent Bottlers | Operating expense
Related party transactions
Commission expenses	5,400	5,000	9,800	8,800
TCCC Subsidiaries
Related party transactions
Accounts receivable, net	65,212		65,212			21,670
Accounts payable	(28,776)		(28,776)			(18,217)
Accrued promotional allowances	(4,057)		(4,057)			$ (5,321)
Accrued liabilities	(19,710)		(19,710)
TCCC Subsidiaries | Monster Energy Drinks
Related party transactions
Contract manufacturing expenses	2,200	4,400	$ 6,200	8,900
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	800	$ 300	$ 1,500	$ 600
Director
Related party transactions
Ownership percentage								50.00%
Partnership contribution	1,700		1,700					$ 1,900
Equity loss	$ 200		$ 200