XML 50 R11.htm IDEA: XBRL DOCUMENT v3.19.3
Investments in Marketable Securities
 9 Months Ended
Sep. 30, 2019
Marketable Securities [Abstract]  
Investments in Marketable Securities
Investments in Marketable Securities
The following is a summary of the cost, gross unrealized gains, unrealized losses and fair value of Investments in marketable securities:
 
December 31,
2018
 
September 30,
2019
Cost
$
126.8

 
$
28.5

Unrealized gains
1.1

 
2.5

Unrealized losses
(8.6
)
 
(0.4
)
Fair value
$
119.3

 
$
30.6


For the three and nine months ended September 30, 2018 and 2019, the Company received proceeds of $16.6 million and $42.6 million and $2.9 million and $21.4 million, respectively, from the sale of investments in marketable securities. For the nine months ended September 30, 2018, the Company recorded net gains of $4.0 million. No significant gains or losses were recorded for the other periods.
In the first quarter of 2019, the Company deconsolidated an Affiliate sponsored investment product with a fair value of $84.3 million.