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Marketable Securities
12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Marketable Securities Marketable Securities
Marketable securities consist of the Company’s ownership of equity securities carried at fair value in accordance with ASU 2016-01. The securities had a fair value of $0.4 million and $0.3 million as of December 31, 2021 and 2020, respectively.
These marketable securities are measured at fair value, with any changes in fair value recognized in earnings and included in “Other income (loss)” in the Company’s consolidated statements of operations. During the years ended December 31, 2021, 2020 and 2019, the Company recognized realized and unrealized net gains of $0.1 million, $0.4 million and $6.7 million, respectively, related to sales of shares, the mark-to-market adjustments on shares, and any related hedging transactions, when applicable.
During the year ended December 31, 2021, the Company did not sell any marketable securities. During the year ended December 31, 2020, the Company sold marketable securities with a fair value of $14.2 million at the time of sale. The Company did not purchase any marketable securities during the years ended December 31, 2021 and 2020.