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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2017	Apr. 24, 2017
Document and Entity Information
Entity Registrant Name	Monster Beverage Corp
Entity Central Index Key	0000865752
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		567,811,810
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 576,337	$ 377,582
Short-term investments	209,366	220,554
Accounts receivable, net	509,477	448,051
TCCC transaction receivable	62,500	125,000
Inventories	171,290	161,971
Prepaid expenses and other current assets	46,703	32,562
Prepaid income taxes	41,143	66,550
Total current assets	1,616,816	1,432,270
INVESTMENTS	477	2,394
PROPERTY AND EQUIPMENT, net	189,631	173,343
DEFERRED INCOME TAXES	158,739	159,556
GOODWILL	1,331,643	1,331,643
OTHER INTANGIBLE ASSETS, net	1,032,886	1,032,635
OTHER ASSETS	19,555	21,630
Total Assets	4,349,747	4,153,471
CURRENT LIABILITIES:
Accounts payable	178,093	193,270
Accrued liabilities	92,043	79,526
Accrued promotional allowances	125,533	110,237
Accrued distributor terminations	8,506	8,184
Deferred revenue	42,625	41,672
Accrued compensation	14,275	30,043
Income taxes payable	8,749	7,657
Total current liabilities	469,824	470,589
DEFERRED REVENUE	349,697	353,173
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 1,250,000 shares authorized; 624,405 shares issued and 567,769 outstanding as of March 31, 2017; 623,201 shares issued and 566,566 outstanding as of December 31, 2016	3,122	3,116
Additional paid-in capital	4,072,508	4,051,245
Retained earnings	2,285,528	2,107,548
Accumulated other comprehensive loss	(21,917)	(23,249)
Common stock in treasury, at cost; 56,636 shares and 56,635 shares as of March 31, 2017 and December 31, 2016, respectively	(2,809,015)	(2,808,951)
Total stockholders' equity	3,530,226	3,329,709
Total Liabilities and Stockholders' Equity	$ 4,349,747	$ 4,153,471

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Mar. 31, 2017	Dec. 31, 2016
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	624,405	623,201
Common stock, shares outstanding	567,769	566,566
Common stock in treasury, shares	56,636	56,635

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 742,146	$ 680,186
COST OF SALES	261,272	257,088
GROSS PROFIT	480,874	423,098
OPERATING EXPENSES	216,612	168,385
OPERATING INCOME	264,262	254,713
INTEREST and OTHER INCOME, net	658	608
INCOME BEFORE PROVISION FOR INCOME TAXES	264,920	255,321
PROVISION FOR INCOME TAXES	86,940	91,444
NET INCOME	$ 177,980	$ 163,877
NET INCOME PER COMMON SHARE:
Basic (in dollars per share)	$ 0.31	$ 0.27
Diluted (in dollars per share)	$ 0.31	$ 0.26
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:
Basic (in shares)	571,578	608,838
Diluted (in shares)	582,032	620,724

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported	$ 177,980	$ 163,877
Other comprehensive income:
Change in foreign currency translation adjustment	1,201	6,435
Available-for-sale investments:
Change in net unrealized gains	131
Net change in available-for-sale investments	131
Other comprehensive income	1,332	6,435
Comprehensive income	$ 179,312	$ 170,312

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 177,980	$ 163,877
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,183	9,024
Loss (gain) on disposal of property and equipment	(268)	46
Stock-based compensation	13,142	10,062
Deferred income taxes	1,862	9
Effect on cash of changes in operating assets and liabilities :
Accounts receivable	7,441	(58,550)
Distributor receivables	(951)	(1,656)
Inventories	(7,793)	(7,639)
Prepaid expenses and other current assets	(11,368)	(12,841)
Prepaid income taxes	25,601	(10,535)
Accounts payable	(19,317)	36,086
Accrued liabilities	6,788	12,239
Accrued promotional allowances	14,111	13,136
Accrued distributor terminations	315	(2,853)
Accrued compensation	(15,802)	(9,147)
Income taxes payable	(5,506)	(34,791)
Deferred revenue	(4,454)	3,092
Net cash provided by operating activities	192,964	109,559
CASH FLOWS FROM INVESTING ACTIVITIES:
Maturities of held-to-maturity investments		396,346
Sales of available-for-sale investments	71,553
Purchases of held-to-maturity investments		(152,050)
Purchases of available-for-sale investments	(58,314)
Purchases of property and equipment	(19,093)	(8,205)
Proceeds from sale of property and equipment	452	381
Increase in intangibles	(848)	(2,342)
Decrease (increase) in other assets	(52)	142
Net cash (used in) provided by investing activities	(6,302)	234,272
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on debt	(700)	(522)
Issuance of common stock	13,621	4,078
Purchases of common stock held in treasury	(64)	(2,016)
Net cash provided by financing activities	12,857	1,540
Effect of exchange rate changes on cash and cash equivalents	(764)	7,321
NET INCREASE IN CASH AND CASH EQUIVALENTS	198,755	352,692
CASH AND CASH EQUIVALENTS, beginning of period	377,582	377,582
CASH AND CASH EQUIVALENTS, end of period	576,337	2,528,109
Cash paid during the period for:
Interest	19	16
Income taxes	$ 66,094	$ 137,186

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS NON-CASH SUPPLEMENTAL DATA
Capital leases for the acquisition of promotional vehicles	$ 1.0	$ 1.2
Accounts payable for property and equipment purchases	4.3	0.3
Net change in accrued liabilities related to other intangible assets addition	$ 6.2	$ 3.6

BASIS OF PRESENTATION	3 Months Ended
BASIS OF PRESENTATION	Mar. 31, 2017
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, 2016 (“Form 10-K”) for a summary of significant accounting policies utilized by the Company and its consolidated subsidiaries and other disclosures, which should be read in conjunction with this Quarterly Report on Form 10-Q (“Form 10-Q”). The Company’s condensed consolidated financial statements included in this Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and Securities and Exchange Commission (“SEC”) rules and regulations applicable to interim financial reporting. They do not include all the information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP. The information set forth in these interim condensed consolidated financial statements for the three-months ended March 31, 2017 and 2016, 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 amount 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 PRONOUNCEMENTS	3 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Mar. 31, 2017
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS In January 2017, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business”, which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. This amendment is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of ASU No. 2017-01 on its financial position, results of operations and liquidity. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles and Other (Topic 350): Simplifying the Test for Goodwill Impairment”, which eliminates the requirement to calculate the implied fair value of goodwill but rather requires an entity to record an impairment charge based on the excess of a reporting unit’s carrying value over its fair value. This amendment is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company is currently evaluating the impact of ASU No. 2017-04 on its financial position, results of operations and liquidity. In October 2016, the FASB issued ASU No. 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory”, in an effort to improve the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. Current GAAP prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. FASB ASU No. 2016-16 establishes the requirement that an entity recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. ASU No. 2016-16 is effective for financial statements issued for annual periods beginning after December 15, 2017 and interim periods within those annual periods. Earlier application is permitted as of the beginning of an interim or annual reporting period, with any adjustments reflected as of the beginning of the fiscal year of adoption. The Company is currently evaluating the impact of ASU No. 2016-16 on its financial position, results of operations and liquidity. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230)”. The new guidance is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. ASU No. 2016-15 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted, provided that all of the amendments are adopted in the same period. The guidance requires application using a retrospective transition method. The Company is currently evaluating the impact of ASU No. 2016-15 on its 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 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2019. Early adoption is permitted for fiscal years, and interim periods within those years, beginning after December 15, 2018. The Company is currently evaluating the impact of ASU No. 2016-13 on its financial position, results of operations and liquidity. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. This update is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. This update is effective for annual and interim reporting periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of ASU No. 2016-02 on its financial position, results of operations and liquidity. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)”, which supersedes previous revenue recognition guidance. ASU No. 2014-09 requires that a company recognize revenue at an amount that reflects the consideration to which the company expects to be entitled in exchange for transferring goods or services to a customer. In applying the new guidance, a company will (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the contract’s performance obligations; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. ASU No. 2014-09 was to be effective for reporting periods beginning after December 15, 2016. However, on July 9, 2015, the FASB voted to approve a one-year deferral of the effective date. This new guidance is effective for the Company beginning January 1, 2018 and can be adopted using either a full retrospective or modified approach. The Company is in the very early stages of evaluating the amended revenue recognition guidance in Topic 606. The evaluation has yet to progress to a stage where there is sufficient information for a preliminary position of the impact on the Company’s consolidated financial statements. Therefore, the Company is unable at this time to provide (i) qualitative financial statement disclosures of the potential impact that this standard will have on its financial statements when adopted, (ii) a description of the effects of the accounting policies it expects to apply, (iii) a comparison to its current revenue recognition policies and (iv) a method for adoption.

INVESTMENTS

3 Months Ended

Mar. 31, 2017

INVESTMENTS

INVESTMENTS

3. INVESTMENTS

The following table summarizes the Company’s investments at:

March 31, 2017	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Fair Value		Continuous Unrealized Loss Position less than 12 Months		Continuous Unrealized Loss Position greater than 12 Months
Available-for-sale
Short-term:
Commercial paper	$	50,623	$	-	$	-	$	50,623	$	-	$	-
Certificates of deposit	3,164		-		-		3,164		-		-
Municipal securities	119,833		2		56		119,779		54		-
U.S. government agency securities	10,076		-		6		10,070		6		-
Variable rate demand notes	25,730		-		-		25,730		-		-
Long-term:
Municipal securities	478		-		1		477		1		-

Total	$	209,904	$	2	$	63	$	209,843	$	61	$	-


December 31, 2016	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Fair Value		Continuous Unrealized Loss Position less than 12 Months		Continuous Unrealized Loss Position greater than 12 Months
Available-for-sale
Short-term:
Commercial paper	$	40,382	$	-	$	-	$	40,382	$	-	$	-
Municipal securities	140,379		-		181		140,198		181		-
U.S. government agency securities	26,057		-		6		26,051		6		-
Variable rate demand notes	13,923		-		-		13,923		-		-
Long-term:
Municipal securities	2,403		-		9		2,394		9		-

Total	$	223,144	$	-	$	196	$	222,948	$	196	$	-

During the three-months ended March 31, 2017 and 2016, realized gains or losses recognized on the sale of investments were not significant.

The Company’s investments at March 31, 2017 and December 31, 2016 in commercial paper, certificates of deposit, municipal securities, U.S. government agency securities 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:

	March 31, 2017				December 31, 2016

	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Less than 1 year:
Commercial paper	$	50,623	$	50,623	$	40,382	$	40,382
Certificates of deposit	3,164		3,164		-		-
Municipal securities	119,833		119,779		140,379		140,198
U.S. government agency securities	10,076		10,070		26,057		26,051
Due 1 -10 years:
Municipal securities	478		477		2,403		2,394
Variable rate demand notes	3,917		3,917		3,917		3,917
Due 11 - 20 years:
Variable rate demand notes	13,808		13,808		6,003		6,003
Due 21 - 30 years:
Variable rate demand notes	4,002		4,002		4,003		4,003
Due 31 - 40 years:
Variable rate demand notes	4,003		4,003		-		-

Total	$	209,904	$	209,843	$	223,144	$	222,948

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References + Details

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

3 Months Ended

Mar. 31, 2017

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

4. 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 which 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:

March 31, 2017	Level 1		Level 2			Level 3		Total
Cash	$	288,457	$	-		$	-	$	288,457
Money market funds	211,237		-			-		211,237
Certificates of deposit	-		37,189			-		37,189
Commercial paper	-		54,443			-		54,443
Variable rate demand notes	-		25,730			-		25,730
Municipal securities	-		159,054			-		159,054
U.S. government agency securities	-		10,070			-		10,070
Foreign currency derivatives	-		850			-		850

Total	$	499,694	$	287,336		$	-	$	787,030


Amounts included in:
Cash and cash equivalents	$	499,694	$	76,643		$	-	$	576,337
Short-term investments	-		209,366			-		209,366
Accounts receivable, net	-		924			-		924
Investments	-		477			-		477
Accrued liabilities	-		(74		)	-		(74		)

Total	$	499,694	$	287,336		$	-	$	787,030


December 31, 2016	Level 1		Level 2			Level 3		Total
Cash	$	278,972	$	-		$	-	$	278,972
Money market funds	76,112		-			-		76,112
Commercial paper	-		47,855			-		47,855
Variable rate demand notes	-		13,923			-		13,923
Municipal securities	-		157,617			-		157,617
U.S. government agency securities	-		26,051			-		26,051
Foreign currency derivatives	-		(528		)	-		(528		)

Total	$	355,084	$	244,918		$	-	$	600,002


Amounts included in:
Cash and cash equivalents	$	355,084	$	22,498		$	-	$	377,582
Short-term investments	-		220,554			-		220,554
Accounts receivable, net	-		236			-		236
Investments	-		2,394			-		2,394
Accrued liabilities	-		(764		)	-		(764		)

Total	$	355,084	$	244,918		$	-	$	600,002

All of the Company’s short-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 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 three-months ended March 31, 2017 or the year ended December 31, 2016, and there were no changes in the Company’s valuation techniques.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

3 Months Ended

Mar. 31, 2017

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

5. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The Company is exposed to foreign currency exchange rate risks related primarily to its foreign business operations. During the three-months ended March 31, 2017 and the year ended December 31, 2016, 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 March 31, 2017 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:

March 31, 2017
Derivatives not designated as hedging instruments under FASB ASC 815-20	Notional Amount		Fair Value		Balance Sheet Location
Assets:
Foreign currency exchange contracts:
Receive USD/pay EUR	$	35,972	$	291	Accounts receivable, net
Receive USD/pay AUD	18,255		76		Accounts receivable, net
Receive CAD/pay USD	22,748		63		Accounts receivable, net
Receive USD/pay ZAR	21,483		479		Accounts receivable, net
Receive USD/pay MXN	21,556		4		Accounts receivable, net
Receive USD/pay NZD	1,477		5		Accounts receivable, net
Receive USD/pay BRL	3,692		6		Accounts receivable, net



Liabilities:
Foreign currency exchange contracts:
Receive USD/pay GBP	$	374	$	(3)	Accrued liabilities
Receive SGD/pay USD	3,869		(7)		Accrued liabilities
Receive USD/pay TRY	6,383		(38)		Accrued liabilities
Receive USD/pay CLP	4,779		(22)		Accrued liabilities
Receive USD/pay COP	2,233		(4)		Accrued liabilities

December 31, 2016
Derivatives not designated as hedging instruments under FASB ASC 815-20	Notional Amount		Fair Value		Balance Sheet Location
Assets:
Foreign currency exchange contracts:
Receive CAD/pay USD	$	22,314	$	173	Accounts receivable, net
Receive SGD/pay USD	7,915		24		Accounts receivable, net
Receive NOK/pay USD	2,138		28		Accounts receivable, net
Receive USD/pay CLP	4,094		9		Accounts receivable, net
Receive USD/pay COP	2,330		2		Accounts receivable, net


Liabilities:
Foreign currency exchange contracts:
Receive USD/pay GBP	$	7,718	$	(57)	Accrued liabilities
Receive USD/pay EUR	29,621		(325)		Accrued liabilities
Receive USD/pay AUD	15,135		(74)		Accrued liabilities
Receive USD/pay ZAR	20,405		(296)		Accrued liabilities
Receive USD/pay MXN	25,864		(4)		Accrued liabilities
Receive USD/pay BRL	3,138		(3)		Accrued liabilities
Receive USD/pay NZD	2,076		(5)		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
		Three-months ended
Derivatives not designated as hedging instruments under FASB ASC 815-20	Location of gain (loss) recognized in income on derivatives	March 31, 2017		March 31, 2016
Foreign currency exchange contracts	Interest and other income, net	$	(5,028)	$	317

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

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+ Details

INVENTORIES

3 Months Ended

Mar. 31, 2017

INVENTORIES

INVENTORIES

6. INVENTORIES

Inventories consist of the following at:

	March 31, 2017		December 31, 2016
Raw materials	$	70,032	$	58,658
Finished goods	101,258		103,313

	$	171,290	$	161,971

PROPERTY AND EQUIPMENT, NET

3 Months Ended

Mar. 31, 2017

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

7. PROPERTY AND EQUIPMENT, NET

Property and equipment consist of the following at:

	March 31, 2017		December 31, 2016
Land	$	47,373	$	46,596
Leasehold improvements	3,115		2,687
Furniture and fixtures	3,710		3,635
Office and computer equipment	11,917		11,701
Computer software	2,917		3,274
Equipment	120,459		114,230
Buildings	81,837		69,547
Vehicles	34,733		31,582

	306,061		283,252
Less: accumulated depreciation and amortization	(116,430)		(109,909)

	$	189,631	$	173,343

Total depreciation and amortization expense recorded was $8.2 million and $7.2 million for the three-months ended March 31, 2017 and 2016, respectively.

GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2017

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

8. GOODWILL AND OTHER INTANGIBLE ASSETS

The following is a roll-forward of goodwill for the three-months ended March 31, 2017 by reportable segment:

	Monster Energy® Drinks		Strategic Brands		Other		Total
Balance at December 31, 2016	$	693,644	$	637,999	$	-	$	1,331,643
Acquisitions	-		-		-		-

Balance at March 31, 2017	$	693,644	$	637,999	$	-	$	1,331,643

Intangible assets consist of the following at:

	March 31, 2017		December 31, 2016
Amortizing intangibles	$	71,330	$	71,290
Accumulated amortization	(17,497)		(14,535)

	53,833		56,755
Non-amortizing intangibles	979,053		975,880

	$	1,032,886	$	1,032,635

Amortizing intangibles primarily consist of customer relationships. All amortizing intangibles have been assigned an estimated finite useful life and such intangibles are amortized on a straight-line basis over the number of years that approximate their respective useful lives, generally five to seven years. Total amortization expense recorded was $3.0 million and $1.8 million for the three-months ended March 31, 2017 and 2016, respectively.

DISTRIBUTION AGREEMENTS	3 Months Ended
DISTRIBUTION AGREEMENTS	Mar. 31, 2017
DISTRIBUTION AGREEMENTS
DISTRIBUTION AGREEMENTS	9. DISTRIBUTION AGREEMENTS In accordance with ASC No. 420 “Exit or Disposal Cost Obligations”, the Company expenses distributor termination costs in the period in which the written notification of termination occurs. The Company incurred termination costs of $19.9 million and $3.4 million for the three-months ended March 31, 2017 and 2016, respectively. In the normal course of business, amounts received pursuant to new and/or amended distribution agreements entered into with certain distributors, relating to the costs associated with terminating agreements with the Company’s prior distributors, are accounted for as deferred revenue and are recognized as revenue ratably over the anticipated life of the respective distribution agreement, generally 20 years. Revenue recognized was $10.0 million and $8.2 million for the three-months ended March 31, 2017 and 2016, respectively.

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2017
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	10. COMMITMENTS AND CONTINGENCIES The Company had purchase commitments aggregating approximately $39.8 million at March 31, 2017, 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 $153.4 million at March 31, 2017, which related primarily to sponsorships and other marketing activities. The Company had operating lease commitments aggregating approximately $18.9 million at March 31, 2017, which related primarily to warehouse and office space. In September 2016, the Company completed its acquisition of approximately 49 acres of land, located in Rialto, CA, for a purchase price of approximately $39.1 million. The Company has begun construction of an approximately 1,000,000 square-foot building, which it hopes to have LEED certified, to replace its current leased warehouse and distribution facilities located in Corona, CA. The Company has entered into an approximately $37.6 million guaranteed maximum price construction contract for the construction of the building of which $22.3 million remained outstanding as of March 31, 2017. In December 2016, the Company entered into a credit facility with HSBC Bank (China) Company Limited, Shanghai Branch consisting of a working capital line of credit under which the Company may borrow up to $4.0 million of non-collateralized debt. In February 2017, the working capital line limit was increased from $4.0 million to $9.0 million. Interest on borrowings under the line of credit is based on the People’s Bank of China benchmark lending rates multiplied by 1.05. As of March 31, 2017, the Company had $5.7 million outstanding on this line of credit including interest, which is included in accounts payable in the condensed consolidated balance sheet. Legal Proceedings Litigation – The Company has been named a defendant in numerous personal injury lawsuits, claiming that the death or other serious injury of the plaintiffs was caused by consumption of Monster Energy® brand energy drinks. The plaintiffs in these lawsuits allege strict product liability, negligence, fraudulent concealment, breach of implied warranties and wrongful death. The Company believes that each complaint is without merit and plans a vigorous defense. The Company also believes that any damages, if awarded, would not have a material adverse effect on the Company’s financial position or results of operations. State Attorney General Inquiry – In July 2012, the Company received a subpoena from the Attorney General for the State of New York in connection with its investigation concerning the Company’s advertising, marketing, promotion, ingredients, usage and sale of its Monster Energy® brand energy drinks. Production of documents pursuant to that subpoena was completed in approximately May 2014. On August 6, 2014, the Attorney General for the State of New York issued a second subpoena seeking additional documents and the deposition of a Company employee. On September 8, 2014, the Company moved to quash the second subpoena in the Supreme Court, New York County. The motion was fully briefed and was argued on March 17, 2015. On January 13, 2017, the Court issued an opinion in which it agreed with certain Company arguments regarding the scope of the subpoena and the Attorney General’s investigation, but denied the motion to quash and granted the Attorney General’s cross-motion to compel compliance. It is unknown what, if any, action the state Attorney General may take against the Company, the relief which may be sought in the event of any such proceeding or whether such proceeding could have a material adverse effect on the Company’s business, financial condition or results of operations. Furthermore, from time to time in the normal course of business, the Company is named in other litigation, including consumer class actions, intellectual property litigation and claims from prior distributors. Although it is not possible to predict the ultimate outcome of such litigation, based on the facts known to the Company, management believes that such litigation in the aggregate will likely not have a material adverse effect on the Company’s financial position or results of operations. The Company evaluates, on a quarterly basis, developments in legal proceedings and other matters that could cause an increase or decrease in the amount of the liability that is accrued, if any, or in the amount of any related insurance reimbursements recorded. As of March 31, 2017, the Company’s consolidated balance sheet includes accrued loss contingencies of approximately $1.5 million.

ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2017

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

11. ACCUMULATED OTHER COMPREHENSIVE LOSS

Changes in accumulated other comprehensive loss by component, after tax, for the three-months ended March 31, 2017 are as follows:

	Currency Translation Losses		Unrealized (Gains) Losses on Available-for- Sale Securities		Total

Balance at December 31, 2016	$	23,056	$	193	$	23,249
Other comprehensive (gain) before reclassifications	(1,201)		(131)		(1,332)
Amounts reclassified from accumulated other comprehensive loss	-		-		-
Net current-period other comprehensive (gain)	(1,201)		(131)		(1,332)

Balance at March 31, 2017	$	21,855	$	62	$	21,917

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

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+ Details

TREASURY STOCK	3 Months Ended
TREASURY STOCK	Mar. 31, 2017
TREASURY STOCK
TREASURY STOCK	12. TREASURY STOCK On February 28, 2017, the Company’s Board of Directors authorized a new share repurchase program for the purchase of up to $500.0 million of our outstanding common stock (the “February 2017 Repurchase Plan”). As of May 5, 2017, no shares have been repurchased pursuant to the February 2017 Repurchase Plan. During the three-months ended March 31, 2017, 1,397 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 $0.1 million. While such purchases are considered common stock repurchases, they are not counted as purchases against the Company’s authorized share repurchase programs. Such shares are included in common stock in treasury in the accompanying condensed consolidated balance sheet at March 31, 2017.

STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2017

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

13. STOCK-BASED COMPENSATION

The Company has two stock-based compensation plans under which shares were available for grant at March 31, 2017: the Monster Beverage Corporation 2011 Omnibus Incentive Plan (the “2011 Omnibus Incentive Plan”) and the 2009 Monster Beverage Corporation Stock Incentive Plan for Non-Employee Directors.

The Company recorded $13.1 million and $10.1 million of compensation expense relating to outstanding options, restricted stock awards, stock appreciation rights and restricted stock units during the three-months ended March 31, 2017 and 2016, respectively.

The excess tax benefit for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options, vesting of restricted stock units and restricted stock awards for the three-months ended March 31, 2017 and 2016 was $9.4 million and $1.6 million, respectively.

In 2016, the Company adopted the Monster Beverage Deferred Compensation Plan (the “Deferred Compensation Plan”) (a sub plan to the 2011 Omnibus Incentive Plan). Deferrals under the Deferred Compensation Plan are unfunded and unsecured. As of March 31, 2017, deferrals under the Deferred Compensation Plan are solely comprised of cash compensation and equity compensation coming due after March, 2018 and are not material in the aggregate.

Stock Options

Under the Company’s stock-based compensation plans, all stock options granted as of March 31, 2017 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 employee 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 records compensation expense for non-employee stock options based on the estimated fair value of the options as of the earlier of (1) the date at which a commitment for performance by the non-employee to earn the stock option is reached or (2) the date at which the non-employee’s performance is complete, 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 March 31,
	2017	2016
Dividend yield	0.0%	0.0%
Expected volatility	36.6%	36.2%
Risk-free interest rate	2.1%	1.5%
Expected term	6.1 years	5.7 years

Expected Volatility: The Company uses historical volatility as it provides a reasonable estimate of the expected volatility. Historical volatility is based on the most recent volatility of the stock price over a period of time equivalent to the expected term of the option.

Risk-Free Interest Rate: The risk-free interest rate is based on the U.S. Treasury zero coupon yield curve in effect at the time of grant for the expected term of the option.

Expected Term: The Company’s expected term represents the weighted-average period that the Company’s stock options are expected to be outstanding. The expected term is based on expected time to post-vesting exercise of options by employees. The Company uses historical exercise patterns of previously granted options to derive employee behavioral patterns used to forecast expected exercise patterns.

The following table summarizes the Company’s activities with respect to its stock option plans as follows:

Options	Number of Shares (In thousands)	Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term (In years)	Aggregate Intrinsic Value
Outstanding at January 1, 2017	22,643	$	23.55	5.8	$	474,739
Granted 01/01/17 - 03/31/17	1,319	$	45.94
Exercised	(993)	$	13.72
Cancelled or forfeited	(107)	$	40.16

Outstanding at March 31, 2017	22,862	$	25.19	5.9	$	480,827
Vested and expected to vest in the future at March 31, 2017	21,438	$	24.04	5.7	$	475,332
Exercisable at March 31, 2017	13,205	$	14.13	3.9	$	423,110

The weighted-average grant-date fair value of options granted during the three-months ended March 31, 2017 and 2016 was $18.00 per share and $15.88 per share, respectively. The total intrinsic value of options exercised during the three-months ended March 31, 2017 and 2016 was $32.4 million and $10.5 million, respectively.

Cash received from option exercises under all plans for the three-months ended March 31, 2017 and 2016 was approximately $13.6 million and $4.0 million, respectively.

At March 31, 2017, there was $111.4 million of total unrecognized compensation expense related to non-vested options granted to employees under the Company’s share-based payment plans. That cost is expected to be recognized over a weighted-average period of 3.2 years.

Restricted Stock Awards and Restricted Stock Units

Stock-based compensation cost for restricted stock awards and restricted stock units is measured based on the closing fair market value of the Company’s common stock at the date of grant. In the event that the Company has the option and intent to settle a restricted stock unit in cash, the award is classified as a liability and revalued at each balance sheet date.

The following table summarizes the Company’s activities with respect to non-vested restricted stock awards and non-vested restricted stock units as follows:

	Number of Shares (in thousands)	Weighted Average Grant-Date Fair Value
Non-vested at January 1, 2017	556	$	39.95
Granted 01/01/17- 03/31/17	252	$	46.27
Vested	(212)	$	39.77
Forfeited/cancelled	(2)	$	20.69

Non-vested at March 31, 2017	594	$	42.76

The weighted-average grant-date fair value of restricted stock units and restricted stock awards granted during the three-months ended March 31, 2017 and 2016 was $46.27 per share and $43.99 per share, respectively. As of March 31, 2017, 0.5 million of restricted stock units and restricted stock awards are expected to vest over their respective terms.

At March 31, 2017, total unrecognized compensation expense relating to non-vested restricted stock awards and non-vested restricted stock units was $22.4 million, which is expected to be recognized over a weighted-average period of 2.0 years.

INCOME TAXES

3 Months Ended

Mar. 31, 2017

INCOME TAXES

INCOME TAXES

14. INCOME TAXES

The following is a roll-forward of the Company’s total gross unrecognized tax benefits, not including interest and penalties, for the three-months ended March 31, 2017:

	Gross Unrecognized Tax Benefits
Balance at December 31, 2016	$	9
Additions for tax positions related to the current year	-
Additions for tax positions related to the prior year	6,540
Decreases related to settlement with taxing authority	(9)

Balance at March 31, 2017	$	6,540

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 March 31, 2017, the Company had approximately $1.1 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 the change in the amount of unrecognized tax benefits within the next 12 months will not be significant.

The Company is subject to U.S. federal income tax as well as to income tax in multiple state and foreign jurisdictions.

On August 7, 2015, the Internal Revenue Service (the “IRS”) began its examination of the Company’s U.S. federal income tax returns for the years ended December 31, 2012 and 2013. On October 18, 2016, the IRS began its examination of the Company’s U.S. federal income tax return for the year ended December 31, 2014. On March 27, 2017, the IRS began its examination of the Company’s U.S. federal income tax return for the year ended December 31, 2015.

The Company is in various stages of examination with certain states and certain foreign jurisdictions. The 2012 through 2016 U.S. federal income tax returns are subject to examination by the IRS. State income tax returns are subject to examination for the 2012 through 2016 tax years.

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2017

EARNINGS PER SHARE

EARNINGS PER SHARE

15. EARNINGS PER SHARE

A reconciliation of the weighted-average shares used in the basic and diluted earnings per common share computations is presented below:

	Three-Months Ended
	March 31,
	2017	2016
Weighted-average shares outstanding:
Basic	571,578	608,838
Dilutive	10,454	11,886

Diluted	582,032	620,724

For the three-months ended March 31, 2017 and 2016, options and awards outstanding totaling 8.0 million shares and 4.2 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2017

SEGMENT INFORMATION

SEGMENT INFORMATION

16. SEGMENT INFORMATION

The Company has three operating and reportable segments, (i) Monster Energy® Drinks segment (“Monster Energy® Drinks”), which is comprised of the Company’s Monster Energy® drinks as well as Mutant® Super Soda drinks, (ii) Strategic Brands segment (“Strategic Brands”), which is comprised of the various energy drink brands acquired from The Coca-Cola Company (“TCCC”) in 2015 and (iii) Other segment (“Other”), which is comprised of certain products sold by American Fruits & Flavors LLC, a wholly-owned subsidiary of the Company, to independent third-party customers.

The Company’s Monster Energy® Drinks segment generates net operating revenues by selling ready-to-drink packaged drinks primarily to bottlers and full service beverage distributors. In some cases, the Company sells directly to retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, food service customers and the military.

The Company’s Strategic Brands segment primarily generates net operating revenues by selling “concentrates” and/or “beverage bases” to authorized bottling and canning operations. Such bottlers generally combine the concentrates and/or beverage bases with sweeteners, water and other ingredients to produce ready-to-drink packaged energy drinks. The ready-to-drink packaged energy drinks are then sold to other bottlers, full service distributors or retailers, including, retail grocery and specialty chains, wholesalers, club stores, mass merchandisers, convenience chains, food service customers, drug stores and the military. To a lesser extent, the Company’s Strategic Brands segment generates net operating revenues by selling ready-to-drink packaged energy drinks to bottlers and full service beverage distributors.

Generally, the Monster Energy® Drinks segment generates higher per case net operating revenues, but lower per case gross profit margins 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 for 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-months ended March 31, 2017 and 2016 are as follows:

	Three-Months Ended
	March 31,
	2017		2016
Net sales:
Monster Energy® Drinks(1)	$	668,571	$	621,734
Strategic Brands	68,036		58,452
Other	5,539		-
Corporate and unallocated	-		-

	$	742,146	$	680,186

	Three-Months Ended
	March 31,
	2017		2016
Operating Income:
Monster Energy® Drinks(1) (2)	$	279,431	$	267,044
Strategic Brands	42,106		39,075
Other	1,416		-
Corporate and unallocated	(58,691)		(51,406)

	$	264,262	$	254,713

	Three-Months Ended
	March 31,
	2017		2016
Income before tax:
Monster Energy® Drinks(1) (2)	$	279,335	$	267,094
Strategic Brands	42,094		39,060
Other	1,416		-
Corporate and unallocated	(57,925)		(50,833)

	$	264,920	$	255,321

(1)

Includes $10.0 million and $8.2 million for the three-months ended March 31, 2017 and 2016, respectively, related to the recognition of deferred revenue.

(2)

Includes $19.9 million and $3.4 million for the three-months ended March 31, 2017 and 2016, respectively, related to distributor termination costs.

	Three-Months Ended
	March 31,
	2017		2016
Depreciation and amortization:
Monster Energy® Drinks	$	6,541	$	5,779
Strategic Brands	1,796		1,770
Other	1,153		-
Corporate and unallocated	1,693		1,475

	$	11,183	$	9,024

	March 31, 2017		December 31, 2016
Goodwill and other intangible assets:
Monster Energy® Drinks	$	1,337,398	$	1,334,494
Strategic Brands	1,000,175		1,001,749
Other	26,956		28,035
Corporate and unallocated	-		-

	$	2,364,529	$	2,364,278

Corporate and unallocated expenses for the three-months ended March 31, 2017 include $37.6 million of payroll costs, of which $13.1 million was attributable to stock-based compensation expenses (see Note 13, “Stock-Based Compensation”), as well as $12.3 million attributable to professional service expenses, including accounting and legal costs, and $8.8 million of other operating expenses. Corporate and unallocated expenses for the three-months ended March 31, 2016 include $28.4 million of payroll costs, of which $10.1 million was attributable to stock-based compensation expenses (see Note 13, “Stock-Based Compensation”), as well as $16.0 million attributable to professional service expenses, including accounting and legal costs, and $7.0 million of other operating expenses.

TCCC, through certain wholly-owned subsidiaries (the “TCCC Subsidiaries”), accounted for approximately 34% and 46% of the Company’s net sales for the three-months ended March 31, 2017 and 2016, respectively.

Net sales to customers outside the United States amounted to $190.9 million and $149.1 million for the three-months ended March 31, 2017 and 2016, respectively.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2017

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

17. RELATED PARTY TRANSACTIONS

TCCC controls more than 10% of the voting interests of the Company. TCCC, through the TCCC Subsidiaries and through certain of its affiliated companies (the “TCCC Affiliates”) purchases and distributes certain of the Company’s products both domestically and in certain international territories. The Company also pays TCCC a commission based on certain sales within the TCCC distribution network.

TCCC commissions, based on sales to the TCCC Affiliates for the three-months ended March 31, 2017 and 2016, were $7.9 million and $1.9 million, respectively.

TCCC commissions, based on sales to the TCCC Subsidiaries, are accounted for as a reduction to revenue and are reported in net sales to the TCCC Subsidiaries.

Net sales to the TCCC Subsidiaries for the three-months ended March 31, 2017 and 2016 were $255.8 million and $310.1 million, respectively.

The Company also purchases concentrates from TCCC which are then sold to both the TCCC Affiliates and the TCCC Subsidiaries. Concentrate purchases from TCCC were $5.9 million and $6.7 million for the three-months ended March 31, 2017 and 2016, respectively.

Certain TCCC Subsidiaries also contract manufacture certain of the Company’s Monster Energy® brand energy drinks as well as Mutant® Super Soda drinks. Contract manufacturing expenses were $2.2 million and $1.6 million for the three-months ended March 31, 2017 and 2016, respectively.

Accounts receivable, accounts payable and accrued promotional allowances related to the TCCC Subsidiaries are as follows at:

	March 31, 2017		December 31, 2016

Accounts receivable, net	$	161,440	$	151,756
TCCC transaction receivable	$	62,500	$	125,000
Accounts payable	$	(35,869)	$	(41,210)
Accrued promotional allowances	$	(33,296)	$	(27,056)

Two directors and officers of the Company and their families 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 March 31, 2017 and 2016 were $0.2 million and $0.1 million, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2017

INVESTMENTS

Summary of investments in available-for-sale

March 31, 2017	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Fair Value		Continuous Unrealized Loss Position less than 12 Months		Continuous Unrealized Loss Position greater than 12 Months
Available-for-sale
Short-term:
Commercial paper	$	50,623	$	-	$	-	$	50,623	$	-	$	-
Certificates of deposit	3,164		-		-		3,164		-		-
Municipal securities	119,833		2		56		119,779		54		-
U.S. government agency securities	10,076		-		6		10,070		6		-
Variable rate demand notes	25,730		-		-		25,730		-		-
Long-term:
Municipal securities	478		-		1		477		1		-

Total	$	209,904	$	2	$	63	$	209,843	$	61	$	-


December 31, 2016	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Fair Value		Continuous Unrealized Loss Position less than 12 Months		Continuous Unrealized Loss Position greater than 12 Months
Available-for-sale
Short-term:
Commercial paper	$	40,382	$	-	$	-	$	40,382	$	-	$	-
Municipal securities	140,379		-		181		140,198		181		-
U.S. government agency securities	26,057		-		6		26,051		6		-
Variable rate demand notes	13,923		-		-		13,923		-		-
Long-term:
Municipal securities	2,403		-		9		2,394		9		-

Total	$	223,144	$	-	$	196	$	222,948	$	196	$	-

Summarizes the underlying contractual maturities of the Company's investments

	March 31, 2017				December 31, 2016

	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Less than 1 year:
Commercial paper	$	50,623	$	50,623	$	40,382	$	40,382
Certificates of deposit	3,164		3,164		-		-
Municipal securities	119,833		119,779		140,379		140,198
U.S. government agency securities	10,076		10,070		26,057		26,051
Due 1 -10 years:
Municipal securities	478		477		2,403		2,394
Variable rate demand notes	3,917		3,917		3,917		3,917
Due 11 - 20 years:
Variable rate demand notes	13,808		13,808		6,003		6,003
Due 21 - 30 years:
Variable rate demand notes	4,002		4,002		4,003		4,003
Due 31 - 40 years:
Variable rate demand notes	4,003		4,003		-		-

Total	$	209,904	$	209,843	$	223,144	$	222,948

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2017

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

Schedule of financial assets and liabilities recorded at fair value on a recurring basis

March 31, 2017	Level 1		Level 2			Level 3		Total
Cash	$	288,457	$	-		$	-	$	288,457
Money market funds	211,237		-			-		211,237
Certificates of deposit	-		37,189			-		37,189
Commercial paper	-		54,443			-		54,443
Variable rate demand notes	-		25,730			-		25,730
Municipal securities	-		159,054			-		159,054
U.S. government agency securities	-		10,070			-		10,070
Foreign currency derivatives	-		850			-		850

Total	$	499,694	$	287,336		$	-	$	787,030


Amounts included in:
Cash and cash equivalents	$	499,694	$	76,643		$	-	$	576,337
Short-term investments	-		209,366			-		209,366
Accounts receivable, net	-		924			-		924
Investments	-		477			-		477
Accrued liabilities	-		(74		)	-		(74		)

Total	$	499,694	$	287,336		$	-	$	787,030


December 31, 2016	Level 1		Level 2			Level 3		Total
Cash	$	278,972	$	-		$	-	$	278,972
Money market funds	76,112		-			-		76,112
Commercial paper	-		47,855			-		47,855
Variable rate demand notes	-		13,923			-		13,923
Municipal securities	-		157,617			-		157,617
U.S. government agency securities	-		26,051			-		26,051
Foreign currency derivatives	-		(528		)	-		(528		)

Total	$	355,084	$	244,918		$	-	$	600,002


Amounts included in:
Cash and cash equivalents	$	355,084	$	22,498		$	-	$	377,582
Short-term investments	-		220,554			-		220,554
Accounts receivable, net	-		236			-		236
Investments	-		2,394			-		2,394
Accrued liabilities	-		(764		)	-		(764		)

Total	$	355,084	$	244,918		$	-	$	600,002

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2017

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

March 31, 2017
Derivatives not designated as hedging instruments under FASB ASC 815-20	Notional Amount		Fair Value		Balance Sheet Location
Assets:
Foreign currency exchange contracts:
Receive USD/pay EUR	$	35,972	$	291	Accounts receivable, net
Receive USD/pay AUD	18,255		76		Accounts receivable, net
Receive CAD/pay USD	22,748		63		Accounts receivable, net
Receive USD/pay ZAR	21,483		479		Accounts receivable, net
Receive USD/pay MXN	21,556		4		Accounts receivable, net
Receive USD/pay NZD	1,477		5		Accounts receivable, net
Receive USD/pay BRL	3,692		6		Accounts receivable, net



Liabilities:
Foreign currency exchange contracts:
Receive USD/pay GBP	$	374	$	(3)	Accrued liabilities
Receive SGD/pay USD	3,869		(7)		Accrued liabilities
Receive USD/pay TRY	6,383		(38)		Accrued liabilities
Receive USD/pay CLP	4,779		(22)		Accrued liabilities
Receive USD/pay COP	2,233		(4)		Accrued liabilities

December 31, 2016
Derivatives not designated as hedging instruments under FASB ASC 815-20	Notional Amount		Fair Value		Balance Sheet Location
Assets:
Foreign currency exchange contracts:
Receive CAD/pay USD	$	22,314	$	173	Accounts receivable, net
Receive SGD/pay USD	7,915		24		Accounts receivable, net
Receive NOK/pay USD	2,138		28		Accounts receivable, net
Receive USD/pay CLP	4,094		9		Accounts receivable, net
Receive USD/pay COP	2,330		2		Accounts receivable, net


Liabilities:
Foreign currency exchange contracts:
Receive USD/pay GBP	$	7,718	$	(57)	Accrued liabilities
Receive USD/pay EUR	29,621		(325)		Accrued liabilities
Receive USD/pay AUD	15,135		(74)		Accrued liabilities
Receive USD/pay ZAR	20,405		(296)		Accrued liabilities
Receive USD/pay MXN	25,864		(4)		Accrued liabilities
Receive USD/pay BRL	3,138		(3)		Accrued liabilities
Receive USD/pay NZD	2,076		(5)		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
		Three-months ended
Derivatives not designated as hedging instruments under FASB ASC 815-20	Location of gain (loss) recognized in income on derivatives	March 31, 2017		March 31, 2016
Foreign currency exchange contracts	Interest and other income, net	$	(5,028)	$	317

INVENTORIES (Tables)

3 Months Ended

Mar. 31, 2017

INVENTORIES

Schedule of inventories

	March 31, 2017		December 31, 2016
Raw materials	$	70,032	$	58,658
Finished goods	101,258		103,313

	$	171,290	$	161,971

PROPERTY AND EQUIPMENT, NET (Tables)

3 Months Ended

Mar. 31, 2017

PROPERTY AND EQUIPMENT, NET

Schedule of property and equipment

	March 31, 2017		December 31, 2016
Land	$	47,373	$	46,596
Leasehold improvements	3,115		2,687
Furniture and fixtures	3,710		3,635
Office and computer equipment	11,917		11,701
Computer software	2,917		3,274
Equipment	120,459		114,230
Buildings	81,837		69,547
Vehicles	34,733		31,582

	306,061		283,252
Less: accumulated depreciation and amortization	(116,430)		(109,909)

	$	189,631	$	173,343

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2017

GOODWILL AND OTHER INTANGIBLE ASSETS

Schedule of Goodwill

	Monster Energy® Drinks		Strategic Brands		Other		Total
Balance at December 31, 2016	$	693,644	$	637,999	$	-	$	1,331,643
Acquisitions	-		-		-		-

Balance at March 31, 2017	$	693,644	$	637,999	$	-	$	1,331,643

Schedule of intangibles

	March 31, 2017		December 31, 2016
Amortizing intangibles	$	71,330	$	71,290
Accumulated amortization	(17,497)		(14,535)

	53,833		56,755
Non-amortizing intangibles	979,053		975,880

	$	1,032,886	$	1,032,635

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Mar. 31, 2017

ACCUMULATED OTHER COMPREHENSIVE LOSS

Changes in accumulated other comprehensive loss by component, after tax

	Currency Translation Losses		Unrealized (Gains) Losses on Available-for- Sale Securities		Total

Balance at December 31, 2016	$	23,056	$	193	$	23,249
Other comprehensive (gain) before reclassifications	(1,201)		(131)		(1,332)
Amounts reclassified from accumulated other comprehensive loss	-		-		-
Net current-period other comprehensive (gain)	(1,201)		(131)		(1,332)

Balance at March 31, 2017	$	21,855	$	62	$	21,917

STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2017

STOCK-BASED COMPENSATION

Schedule of weighted-average assumptions used to estimate the fair value of options granted

	Three-Months Ended March 31,
	2017	2016
Dividend yield	0.0%	0.0%
Expected volatility	36.6%	36.2%
Risk-free interest rate	2.1%	1.5%
Expected term	6.1 years	5.7 years

Summary of Company's activities with respect to its stock option plans

Options	Number of Shares (In thousands)	Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term (In years)	Aggregate Intrinsic Value
Outstanding at January 1, 2017	22,643	$	23.55	5.8	$	474,739
Granted 01/01/17 - 03/31/17	1,319	$	45.94
Exercised	(993)	$	13.72
Cancelled or forfeited	(107)	$	40.16

Outstanding at March 31, 2017	22,862	$	25.19	5.9	$	480,827
Vested and expected to vest in the future at March 31, 2017	21,438	$	24.04	5.7	$	475,332
Exercisable at March 31, 2017	13,205	$	14.13	3.9	$	423,110

Summary of Company's activities with respect to non-vested restricted stock units

	Number of Shares (in thousands)	Weighted Average Grant-Date Fair Value
Non-vested at January 1, 2017	556	$	39.95
Granted 01/01/17- 03/31/17	252	$	46.27
Vested	(212)	$	39.77
Forfeited/cancelled	(2)	$	20.69

Non-vested at March 31, 2017	594	$	42.76

INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2017

INCOME TAXES

Schedule of roll-forward of the Company's total gross unrecognized tax benefits, not including interest and penalties

	Gross Unrecognized Tax Benefits
Balance at December 31, 2016	$	9
Additions for tax positions related to the current year	-
Additions for tax positions related to the prior year	6,540
Decreases related to settlement with taxing authority	(9)

Balance at March 31, 2017	$	6,540

EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2017

EARNINGS PER SHARE

Schedule of reconciliation of the weighted average shares used in the basic and diluted earnings per common share computations

	Three-Months Ended
	March 31,
	2017	2016
Weighted-average shares outstanding:
Basic	571,578	608,838
Dilutive	10,454	11,886

Diluted	582,032	620,724

SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2017

SEGMENT INFORMATION

Schedule of net revenues and other financial information by segment

	Three-Months Ended
	March 31,
	2017		2016
Net sales:
Monster Energy® Drinks(1)	$	668,571	$	621,734
Strategic Brands	68,036		58,452
Other	5,539		-
Corporate and unallocated	-		-

	$	742,146	$	680,186

	Three-Months Ended
	March 31,
	2017		2016
Operating Income:
Monster Energy® Drinks(1) (2)	$	279,431	$	267,044
Strategic Brands	42,106		39,075
Other	1,416		-
Corporate and unallocated	(58,691)		(51,406)

	$	264,262	$	254,713

	Three-Months Ended
	March 31,
	2017		2016
Income before tax:
Monster Energy® Drinks(1) (2)	$	279,335	$	267,094
Strategic Brands	42,094		39,060
Other	1,416		-
Corporate and unallocated	(57,925)		(50,833)

	$	264,920	$	255,321

(1)

Includes $10.0 million and $8.2 million for the three-months ended March 31, 2017 and 2016, respectively, related to the recognition of deferred revenue.

(2)

Includes $19.9 million and $3.4 million for the three-months ended March 31, 2017 and 2016, respectively, related to distributor termination costs.

	Three-Months Ended
	March 31,
	2017		2016
Depreciation and amortization:
Monster Energy® Drinks	$	6,541	$	5,779
Strategic Brands	1,796		1,770
Other	1,153		-
Corporate and unallocated	1,693		1,475

	$	11,183	$	9,024

	March 31, 2017		December 31, 2016
Goodwill and other intangible assets:
Monster Energy® Drinks	$	1,337,398	$	1,334,494
Strategic Brands	1,000,175		1,001,749
Other	26,956		28,035
Corporate and unallocated	-		-

	$	2,364,529	$	2,364,278

RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2017

RELATED PARTY TRANSACTIONS

Schedule of related party transactions

	March 31, 2017		December 31, 2016

Accounts receivable, net	$	161,440	$	151,756
TCCC transaction receivable	$	62,500	$	125,000
Accounts payable	$	(35,869)	$	(41,210)
Accrued promotional allowances	$	(33,296)	$	(27,056)

INVESTMENTS - HTM & AFS (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Available-for-sale
Amortized Cost	$ 209,904	$ 223,144
Gross Unrealized Holding Gains	2
Gross Unrealized Holding Losses	63	196
Fair Value	209,843	222,948
Continuous Unrealized Loss Position less than 12 Months	61	196
Short-term \| Commercial paper
Available-for-sale
Amortized Cost	50,623	40,382
Fair Value	50,623	40,382
Short-term \| Certificates of deposit
Available-for-sale
Amortized Cost	3,164
Fair Value	3,164
Short-term \| Municipal securities
Available-for-sale
Amortized Cost	119,833	140,379
Gross Unrealized Holding Gains	2
Gross Unrealized Holding Losses	56	181
Fair Value	119,779	140,198
Continuous Unrealized Loss Position less than 12 Months	54	181
Short-term \| U.S. government agency securities
Available-for-sale
Amortized Cost	10,076	26,057
Gross Unrealized Holding Losses	6	6
Fair Value	10,070	26,051
Continuous Unrealized Loss Position less than 12 Months	6	6
Short-term \| Variable rate demand notes
Available-for-sale
Amortized Cost	25,730	13,923
Fair Value	25,730	13,923
Long-term \| Municipal securities
Available-for-sale
Amortized Cost	478	2,403
Gross Unrealized Holding Losses	1	9
Fair Value	477	2,394
Continuous Unrealized Loss Position less than 12 Months	$ 1	$ 9

INVESTMENTS - Major Type - Maturity Period (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Investments
Amortized Cost	$ 209,904	$ 223,144
Fair Value	209,843	222,948
Commercial paper \| Less than 1 year
Investments
Amortized Cost	50,623	40,382
Fair Value	50,623	40,382
Certificates of deposit \| Less than 1 year
Investments
Amortized Cost	3,164
Fair Value	3,164
Municipal securities \| Less than 1 year
Investments
Amortized Cost	119,833	140,379
Fair Value	119,779	140,198
Municipal securities \| Due 1 - 10 years
Investments
Amortized Cost	478	2,403
Fair Value	477	2,394
U.S. government agency securities \| Less than 1 year
Investments
Amortized Cost	10,076	26,057
Fair Value	10,070	26,051
Variable rate demand notes \| Due 1 - 10 years
Investments
Amortized Cost	3,917	3,917
Fair Value	3,917	3,917
Variable rate demand notes \| Due 11 - 20 years
Investments
Amortized Cost	13,808	6,003
Fair Value	13,808	6,003
Variable rate demand notes \| Due 21 - 30 years
Investments
Amortized Cost	4,002	4,003
Fair Value	4,002	$ 4,003
Variable rate demand notes \| Due 31 - 40 years
Investments
Amortized Cost	4,003
Fair Value	$ 4,003

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES - Assets - Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair value amounts included in the carrying value of
Cash and cash equivalents	$ 576,337	$ 377,582	$ 2,528,109	$ 377,582	$ 2,175,417
Short-term investments	209,366	220,554
Investments	477	2,394
Asset transfers between Level 1 and Level 2 measurements	0	0
Total fair value
Fair value amounts included in the carrying value of
Cash and cash equivalents	576,337	377,582
Short-term investments	209,366	220,554
Accounts receivable, net	924	236
Investments	477	2,394
Accrued liabilities	(74)	(764)
Assets measured at fair value	787,030	600,002
Cash	288,457	278,972
Foreign currency derivatives	850	(528)
Money market funds \| Total fair value
Fair value amounts included in the carrying value of
Assets measured at fair value	211,237	76,112
Certificates of deposit \| Total fair value
Fair value amounts included in the carrying value of
Assets measured at fair value	37,189
Commercial paper \| Total fair value
Fair value amounts included in the carrying value of
Assets measured at fair value	54,443	47,855
Variable rate demand notes \| Total fair value
Fair value amounts included in the carrying value of
Assets measured at fair value	25,730	13,923
Municipal securities \| Total fair value
Fair value amounts included in the carrying value of
Assets measured at fair value	159,054	157,617
U.S. government agency securities \| Total fair value
Fair value amounts included in the carrying value of
Assets measured at fair value	10,070	26,051
Level 1
Fair value amounts included in the carrying value of
Cash and cash equivalents	499,694	355,084
Assets measured at fair value	499,694	355,084
Cash	288,457	278,972
Level 1 \| Money market funds
Fair value amounts included in the carrying value of
Assets measured at fair value	211,237	76,112
Level 2
Fair value amounts included in the carrying value of
Cash and cash equivalents	76,643	22,498
Short-term investments	209,366	220,554
Accounts receivable, net	924	236
Investments	477	2,394
Accrued liabilities	(74)	(764)
Assets measured at fair value	287,336	244,918
Foreign currency derivatives	850	(528)
Level 2 \| Certificates of deposit
Fair value amounts included in the carrying value of
Assets measured at fair value	37,189
Level 2 \| Commercial paper
Fair value amounts included in the carrying value of
Assets measured at fair value	54,443	47,855
Level 2 \| Variable rate demand notes
Fair value amounts included in the carrying value of
Assets measured at fair value	25,730	13,923
Level 2 \| Municipal securities
Fair value amounts included in the carrying value of
Assets measured at fair value	159,054	157,617
Level 2 \| U.S. government agency securities
Fair value amounts included in the carrying value of
Assets measured at fair value	$ 10,070	$ 26,051

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Notional Amount and Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Foreign currency exchange contracts \| Maximum
Derivative Instruments and Hedging Activities
Term of derivative instrument	1 month
Derivatives not designated as hedging instruments \| Receive USD/pay EUR \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	$ 35,972
Fair Value, Assets	291
Derivatives not designated as hedging instruments \| Receive USD/pay EUR \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		$ 29,621
Fair Value, Liabilities		(325)
Derivatives not designated as hedging instruments \| Receive USD/pay AUD \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	18,255
Fair Value, Assets	76
Derivatives not designated as hedging instruments \| Receive USD/pay AUD \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		15,135
Fair Value, Liabilities		(74)
Derivatives not designated as hedging instruments \| Receive CAD/pay USD \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	22,748	22,314
Fair Value, Assets	63	173
Derivatives not designated as hedging instruments \| Receive USD/pay ZAR \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	21,483
Fair Value, Assets	479
Derivatives not designated as hedging instruments \| Receive USD/pay ZAR \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		20,405
Fair Value, Liabilities		(296)
Derivatives not designated as hedging instruments \| Receive USD/pay MXN \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	21,556
Fair Value, Assets	4
Derivatives not designated as hedging instruments \| Receive USD/pay MXN \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		25,864
Fair Value, Liabilities		(4)
Derivatives not designated as hedging instruments \| Receive USD/pay NZD \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	1,477
Fair Value, Assets	5
Derivatives not designated as hedging instruments \| Receive USD/pay NZD \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		2,076
Fair Value, Liabilities		(5)
Derivatives not designated as hedging instruments \| Receive USD/pay BRL \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	3,692
Fair Value, Assets	6
Derivatives not designated as hedging instruments \| Receive USD/pay BRL \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities		3,138
Fair Value, Liabilities		(3)
Derivatives not designated as hedging instruments \| Receive USD/pay GBP \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	374	7,718
Fair Value, Liabilities	(3)	(57)
Derivatives not designated as hedging instruments \| Receive SGD/pay USD \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets		7,915
Fair Value, Assets		24
Derivatives not designated as hedging instruments \| Receive SGD/pay USD \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	3,869
Fair Value, Liabilities	(7)
Derivatives not designated as hedging instruments \| Receive USD/pay TRY \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	6,383
Fair Value, Liabilities	(38)
Derivatives not designated as hedging instruments \| Receive USD/pay CLP \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets		4,094
Fair Value, Assets		9
Derivatives not designated as hedging instruments \| Receive USD/pay CLP \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	4,779
Fair Value, Liabilities	(22)
Derivatives not designated as hedging instruments \| Receive USD/pay COP \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets		2,330
Fair Value, Assets		2
Derivatives not designated as hedging instruments \| Receive USD/pay COP \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	2,233
Fair Value, Liabilities	$ (4)
Derivatives not designated as hedging instruments \| Receive NOK/pay USD \| Accounts receivable, net
Derivative Instruments and Hedging Activities
Notional amount, Assets		2,138
Fair Value, Assets		$ 28

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Nonhedging Designation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivatives not designated as hedging instruments \| Foreign currency exchange contracts \| Interest and other income, net
Net gain (losses) on derivative instruments
Amount of gain (loss) recognized in income on derivatives	$ (5,028)	$ 317

INVENTORIES (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
INVENTORIES
Raw materials	$ 70,032	$ 58,658
Finished goods	101,258	103,313
Inventories, net	$ 171,290	$ 161,971

PROPERTY AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Property and equipment, net
Property and equipment, gross				$ 306,061	$ 283,252
Less: accumulated depreciation and amortization				(116,430)	(109,909)
Property and equipment, net	$ 189,631		$ 173,343	189,631	173,343
Total depreciation and amortization expense	$ 8,200	$ 7,200
Land
Property and equipment, net
Property and equipment, gross				47,373	46,596
Leasehold improvements
Property and equipment, net
Property and equipment, gross				3,115	2,687
Furniture and fixtures
Property and equipment, net
Property and equipment, gross				3,710	3,635
Office and computer equipment
Property and equipment, net
Property and equipment, gross				11,917	11,701
Computer software
Property and equipment, net
Property and equipment, gross				2,917	3,274
Equipment
Property and equipment, net
Property and equipment, gross				120,459	114,230
Buildings
Property and equipment, net
Property and equipment, gross				81,837	69,547
Vehicles
Property and equipment, net
Property and equipment, gross				$ 34,733	$ 31,582

GOODWILL AND OTHER INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Goodwill
Goodwill, Beginning Balance	$ 1,331,643
Goodwill, Ending Balance	1,331,643
Amortizing intangibles	71,330		$ 71,290
Accumulated amortization	(17,497)		(14,535)
Amortizing intangibles, net	53,833		56,755
Non-amortizing intangibles	979,053		975,880
Intangible, net	1,032,886		$ 1,032,635
Amortization of in intangible assets	$ 3,000	$ 1,800
Minimum
Goodwill
Useful life of intangible assets	5 years
Maximum
Goodwill
Useful life of intangible assets	7 years
Monster Energy Drinks
Goodwill
Goodwill, Beginning Balance	$ 693,644
Goodwill, Ending Balance	693,644
Strategic Brands
Goodwill
Goodwill, Beginning Balance	637,999
Goodwill, Ending Balance	637,999
Other
Goodwill
Goodwill, Ending Balance

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	3 Months Ended
DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Millions	Mar. 31, 2017	Mar. 31, 2016
DISTRIBUTION AGREEMENTS
Termination costs	$ 19.9	$ 3.4
Distribution agreement, revenue recognition period	20 years
Revenue recognized	$ 10.0	$ 8.2

COMMITMENTS AND CONTINGENCIES - Operating Leases and Contractual Obligations (Details) $ in Millions	1 Months Ended	3 Months Ended
	Sep. 30, 2016 USD ($) ft² a	Mar. 31, 2017 USD ($)
Commitments and Contingencies
Aggregate contractual obligations		$ 153.4
Aggregate operating lease commitments		18.9
Land \| Purchase Agreement
Commitments and Contingencies
Acres of land \| a	49
Purchase agreement to acquire real estate property	$ 39.1
Guaranteed Maximum Purchase Price	$ 37.6
Guaranteed maximum construction price, remaining amount		22.3
Building and Building Improvements \| Purchase Agreement
Commitments and Contingencies
Area of real estate property \| ft²	1,000,000
Raw material items
Commitments and Contingencies
Purchase Commitments		$ 39.8
Period over which obligations will be paid		1 year

COMMITMENTS AND CONTINGENCIES - Line of Credit Facility (Details) - Line of credit - HSBC China $ in Millions	1 Months Ended
	Dec. 31, 2016 USD ($)	Mar. 31, 2017 USD ($)	Feb. 28, 2017 USD ($)
Commitments and Contingencies
Maximum borrowing capacity	$ 4.0		$ 9.0
Accounts payable
Commitments and Contingencies
Amount outstanding		$ 5.7
People's Bank of China
Commitments and Contingencies
Effective interest rate on borrowing	People's Bank of China
Multiplier for calculating effective rate from benchmark rate	1.05

COMMITMENTS AND CONTINGENCIES - Loss Contingencies (Details) $ in Millions	Mar. 31, 2017 USD ($)
COMMITMENTS AND CONTINGENCIES
Accrued loss contingencies	$ 1.5

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017 USD ($)
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	$ (23,249)
Other comprehensive (gain) before reclassifications	1,332
Net current-period other comprehensive (gain)	1,332
Balance at the end of the period	(21,917)
Currency Translation Losses
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	(23,056)
Other comprehensive (gain) before reclassifications	1,201
Net current-period other comprehensive (gain)	1,201
Balance at the end of the period	(21,855)
Unrealized Gains (Losses) on Available-for-Sale Securities
Components of accumulated other comprehensive loss:
Balance at the beginning of the period	(193)
Other comprehensive (gain) before reclassifications	131
Net current-period other comprehensive (gain)	131
Balance at the end of the period	$ (62)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

TREASURY STOCK PURCHASE (Details) - USD ($) $ in Thousands		3 Months Ended
TREASURY STOCK PURCHASE (Details) - USD ($) $ in Thousands	May 05, 2017	Mar. 31, 2017	Feb. 28, 2017
Equity, Class of Treasury Stock
Number of shares repurchased of common stock from employees in lieu of cash or withholding taxes due		1,397
Cash payment for repurchase of common stock from employees in lieu of cash or withholding taxes due		$ 100
February 2017 Repurchase Plan
Equity, Class of Treasury Stock
Stock repurchase program, authorized amount			$ 500,000
Common stock repurchased (in shares)	0

STOCK-BASED COMPENSATION - Stock Options (Details) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2017 USD ($) plan shares	Mar. 31, 2016 USD ($)
Stock-based compensation
Stock-based compensation plans \| plan	2
Compensation expense on share-based plans	$ 13.1	$ 10.1
Stock options
Stock-based compensation
Common stock granted, net of cancellations (in shares) \| shares	1,319
Excess tax benefit realized for tax deductions from non-qualified stock option exercises and disqualifying dispositions of incentive stock options	$ 9.4	$ 1.6

STOCK-BASED COMPENSATION - Fair Value Assumptions (Details) - Stock options - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Weighted-average assumptions used to estimate the fair value of options granted
Dividend yield (as a percent)	0.00%	0.00%
Expected volatility (as a percent)	36.60%	36.20%
Risk-free interest rate (as a percent)	2.10%	1.50%
Expected term	6 years 1 month 6 days	5 years 8 months 12 days
Stock Options, Number of Shares
Balance at the beginning of the period (in shares)	22,643
Granted (in shares)	1,319
Exercised (in shares)	(993)
Cancelled or forfeited (in shares)	(107)
Balance at the end of the period (in shares)	22,862		22,643
Vested and expected to vest in the future at the end of the period (in shares)	21,438
Exercisable at the end of the period (in shares)	13,205
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share)	$ 23.55
Granted (in dollars per share)	45.94
Exercised (in dollars per share)	13.72
Cancelled or forfeited (in dollars per share)	40.16
Balance at the end of the period (in dollars per share)	25.19		$ 23.55
Vested and expected to vest in the future at the end of the period (in dollars per share)	24.04
Exercisable at the end of the period (in dollars per share)	$ 14.13
Weighted-Average Remaining Contractual Term
Balance at the beginning of the period	5 years 10 months 24 days		5 years 9 months 18 days
Balance at the end of the period	5 years 10 months 24 days		5 years 9 months 18 days
Vested and expected to vest in the future at the end of the period	5 years 8 months 12 days
Exercisable at the end of the period	3 years 10 months 24 days
Aggregate Intrinsic Value
Balance at the beginning of the period	$ 474,739
Balance at the end of the period	480,827		$ 474,739
Vested and expected to vest in the future at the end of the period	475,332
Exercisable at the end of the period	$ 423,110

STOCK-BASED COMPENSATION - Equity Awards (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Compensation cost charged against income
Total employee and non-employee share-based compensation expense included in income, before income tax	$ 13,142	$ 10,062
Stock options
Stock-based compensation
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 18.00	$ 15.88
Total intrinsic value of options exercised	$ 32,400	$ 10,500
Cash received from option exercises	13,600	$ 4,000
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 111,400
Cost expected to be recognized over a weighted-average period	3 years 2 months 12 days
Stock units expected to vest (in shares)	21,438
Restricted stock units
Stock-based compensation
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 22,400
Cost expected to be recognized over a weighted-average period	2 years
Stock units expected to vest (in shares)	500
Number of Shares
Non-vested at the beginning of the period (in shares)	556
Granted (in shares)	252
Vested (in shares)	(212)
Forfeited/cancelled (in shares)	(2)
Non-vested at the end of the period (in shares)	594
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)	$ 39.95
Granted (in dollars per share)	46.27	$ 43.99
Vested (in dollars per share)	39.77
Forfeited/cancelled (in dollars per share)	20.69
Non-vested at the end of the period (in dollars per share)	$ 42.76

INCOME TAXES - Unrecognized Tax Benefit Rollforward (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017 USD ($)
Gross unrecognized tax benefits, roll forward
Balance at the beginning of the period	$ 9
Additions for tax positions related to the prior year	6,540
Decreases related to settlement with taxing authority	(9)
Balance at the end of the period	6,540
Accrued interest and penalties related to unrecognized tax benefits	$ 1,100

EARNINGS PER SHARE (Details) - shares shares in Thousands	3 Months Ended
EARNINGS PER SHARE (Details) - shares shares in Thousands	Mar. 31, 2017	Mar. 31, 2016
Weighted-average shares outstanding:
Basic	571,578	608,838
Dilutive	10,454	11,886
Diluted	582,032	620,724
Options and awards outstanding excluded from the calculations as their effect would have been antidilutive (in shares)	8,000	4,200

SEGMENT INFORMATION - Product Line (Details) $ in Thousands	3 Months Ended
SEGMENT INFORMATION - Product Line (Details) $ in Thousands	Mar. 31, 2017 USD ($) item	Mar. 31, 2016 USD ($)
Segment information
Number of reportable segments \| item	3
Number of operating segments \| item	3
Net sales	$ 742,146	$ 680,186
Operating income	264,262	254,713
Income before tax	264,920	255,321
Revenue recognized	10,000	8,200
Depreciation and amortization	11,183	9,024
Goodwill and other intangible assets	2,364,529	2,364,278
Stock-based compensation expense	13,100	10,100
Corporate and Unallocated
Segment information
Operating income	(58,691)	(51,406)
Income before tax	(57,925)	(50,833)
Depreciation and amortization	1,693	1,475
Payroll costs	37,600	28,400
Stock-based compensation expense	13,100	10,100
Professional service expenses	12,300	16,000
Other operating expenses	8,800	7,000
Operating segment
Segment information
Net sales	742,146	680,186
Operating income	264,262	254,713
Income before tax	264,920	255,321
Monster Energy Drinks
Segment information
Depreciation and amortization	6,541	5,779
Goodwill and other intangible assets	1,337,398	1,334,494
Monster Energy Drinks \| Operating segment
Segment information
Net sales	668,571	621,734
Operating income	279,431	267,044
Income before tax	279,335	267,094
Strategic Brands
Segment information
Depreciation and amortization	1,796	1,770
Goodwill and other intangible assets	1,000,175	1,001,749
Strategic Brands \| Operating segment
Segment information
Net sales	68,036	58,452
Operating income	42,106	39,075
Income before tax	42,094	39,060
Other
Segment information
Depreciation and amortization	1,153
Goodwill and other intangible assets	26,956	28,035
Other \| Operating segment
Segment information
Net sales	5,539
Operating income	1,416
Income before tax	1,416
Direct Store Delivery ("DSD")
Segment information
Revenue recognized	10,000	8,200
Distribution Agreements Termination Cost	$ 19,900	$ 3,400

SEGMENT INFORMATION - Concentration Risk (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Segment information
Net sales	$ 742,146	$ 680,186
Outside United States
Segment information
Net sales	$ 190,900	$ 149,100
Coca-Cola Refreshments ("CCR")
Segment information
Percentage of net sales from major customer	34.00%	46.00%

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	3 Months Ended
RELATED PARTY TRANSACTIONS (Details) $ in Thousands	Mar. 31, 2017 USD ($) item	Mar. 31, 2016 USD ($)	Dec. 31, 2016 USD ($)
Related party transactions
TCCC transaction receivable	$ 62,500		$ 125,000
TCCC
Related party transactions
Voting interest (as a percent)	10.00%
Commission expense	$ 7,900	$ 1,900
Net sales	255,800	310,100
Purchases from Related Party	5,900	6,700
Manufacturing expenses	2,200	1,600
Accounts receivable, net	161,440		151,756
TCCC transaction receivable	62,500		125,000
Accounts payable	(35,869)		(41,210)
Accrued promotional allowances	$ (33,296)		$ (27,056)
Directors and Officers that provide promotional materials
Related party transactions
Number of directors and officers who are principal owners of a company that provides promotional materials \| item	2
Expenses incurred in connection with materials or services provided by a related party	$ 200	$ 100