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FAIR VALUE MEASUREMENTS (Tables) | 3 Months Ended
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Mar. 31, 2021
Fair Value Disclosures [Abstract] |
Assets and liabilities measured at fair value | Assets and liabilities measured at fair value on a recurring basis:
| March 31, 2021 |  | December 31, 2020
(in thousands) | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash equivalents | $ | 26,657 |  |  | $ | — |  |  | $ | — |  |  | $ | 26,657 |  |  | $ | 42,339 |  |  | $ | 14,000 |  |  | $ | — |  |  | $ | 56,339 |
Marketable securities | $ | — |  |  | $ | 269,650 |  |  | $ | — |  |  | $ | 269,650 |  |  | $ | — |  |  | $ | 293,269 |  |  | $ | — |  |  | $ | 293,269 |
Capped Call Transactions (1) | $ | — |  |  | $ | 64,480 |  |  | $ | — |  |  | $ | 64,480 |  |  | $ | — |  |  | $ | 83,597 |  |  | $ | — |  |  | $ | 83,597 |
Venture investments (1) (2) | $ | — |  |  | $ | — |  |  | $ | 9,756 |  |  | $ | 9,756 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,345 |  |  | $ | 8,345 |
(1) Included in other long-term assets. (2) Investments in privately-held companies.
Fair value, assets measured on recurring basis, unobservable input reconciliation | Change in venture investments:
| Three Months Ended March 31,
(in thousands) | 2021 |  | 2020
January 1, | $ | 8,345 |  |  | $ | 4,871 |
New investments | 500 |  |  | 1,490 |
Sales of investments | (400) |  |  | (1,424) |
Changes in foreign exchange rates | (9) |  |  | (73) |
Changes in fair value: |  |  |
included in other income | 100 |  |  | 1,374 |
included in other comprehensive income | 1,220 |  |  | 100 |
March 31, | $ | 9,756 |  |  | $ | 6,338 |

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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