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Fair Value (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets Measured on Recurring Basis

The following sets forth the fair value, and classification within the hierarchy, of the Company’s assets required to be measured at fair value on a recurring basis as of December 31, 2020 (in thousands):

		Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets
Marketable securities
Money market funds - equity securities (1)		$	3,849			$	3,849			$	—			$	—
Corporate bonds and notes - debt securities (2)			69,960				—				69,960				—
Treasury and agency notes and bills - debt securities (3)			32,299				—				32,299				—
Commercial paper - debt securities (3)			15,987				—				15,987				—
Total Assets		$	122,095			$	3,849			$	118,246			$	—

(1) Reported as cash and cash equivalents in the Consolidated Balance Sheet.

(2) Reported as AFS debt securities in the Consolidated Balance Sheet.

(3) Reported as cash and cash equivalents if purchased with an original maturity of three months or less at the date of purchase; otherwise reported as AFS debt securities in the Consolidated Balance Sheet.

The following sets forth the fair value, and classification within the hierarchy, of the Company’s assets required to be measured at fair value on a recurring basis as of December 31, 2019 (in thousands):

		Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets
Marketable securities
Money market funds - equity securities (1)		$	2,601			$	2,601			$	—			$	—
Marketable equity securities (2)			1,124				1,124				—				—
Corporate bonds and notes - debt securities (3)			41,746				—				41,746				—
Commercial paper - debt securities (3)			4,056				—				4,056				—
Total Assets		$	49,527			$	3,725			$	45,802			$	—

(1) Reported as cash and cash equivalents in the Consolidated Balance Sheet.

(2) Reported as equity securities in the Consolidated Balance Sheet.

(3) Reported as AFS debt securities in the Consolidated Balance Sheet.

Schedule of Carrying Amounts and Estimated Fair Values

The carrying amounts and estimated fair values are as follows (in thousands):

		December 31, 2020								December 31, 2019
		Carrying Amount				Estimated Fair Value				Carrying Amount				Estimated Fair Value
2020 Term B Loan Facility (1)		$	839,302			$	842,579			$	—			$	—
2021 Convertible Notes			48				48				—				—
2018 Amended Term B Loan (1)			—				—				334,679				335,642
Total long-term debt, net		$	839,350			$	842,627			$	334,679			$	335,642

(1) Carrying amounts of long-term debt are net of unamortized debt discount and issuance costs of $34.4 million and $9.3 million as of December 31, 2020 and 2019, respectively. See “Note 11 – Debt” for additional information.

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- References

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

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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

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