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Investments (Tables)

12 Months Ended

Dec. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Summary of Securities without Readily Determinable Fair Value

The following table summarizes the gross unrealized losses and estimated fair values for the Company’s securities without a readily determinable fair value (in thousands):

			Cost						Impairment						Adjustments						Reported Amount
December 31, 2020
Equity securities			$	50,384					$	(19,605)					$	(479)					$	30,300
Total			$	50,384					$	(19,605)					$	(479)					$	30,300
December 31, 2019
Equity securities			$	34,977					$	(4,164)					$	(3,678)					$	27,135
Total			$	34,977					$	(4,164)					$	(3,678)					$	27,135

Summary of Available-for-sale Investments

The following table summarizes the gross unrealized gains and losses and fair values for investments classified as available-for-sale (in thousands):

			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
December 31, 2020
Corporate debt securities			$	511					$	152					$	—					$	663
Total			$	511					$	152					$	—					$	663
December 31, 2019
Corporate debt securities			$	23,256					$	112					$	(698)					$	22,670
Total			$	23,256					$	112					$	(698)					$	22,670

Available-for-Sale Securities Classified by Contractual Maturity Date

The following table summarizes J2 Global’s corporate debt securities designated as available-for-sale, classified by the contractual maturity date of the security (in thousands):

			December 31, 2020						December 31, 2019
Due within 1 year			$	663					$	—
Due within more than 1 year but less than 5 years			—						22,670
Due within more than 5 years but less than 10 years			—						—
Due 10 years or after			—						—
Total			$	663					$	22,670

Fair Value of Available-for-sale Investments in Unrealized Loss Position

The following tables present gross unrealized losses and fair values for those investments that were in an unrealized loss position as of 2019, aggregated by investment category and the length of time that individual securities have been in a continuous loss position (in thousands). There were no investments in an unrealized loss position as of December 31, 2020.

			As of December 31, 2019
			Less than 12 Months												12 Months or Greater												Total
			Fair Value						Unrealized Loss						Fair Value						Unrealized Loss						Fair Value						Unrealized Loss
Corporate debt securities			$	—					$	—					$	22,047					$	(698)					$	22,047					$	(698)
Total			$	—					$	—					$	22,047					$	(698)					$	22,047					$	(698)

Carrying Amount for Equity Method Investment

The following table discloses the carrying amount for the Company’s equity method investment (in thousands):

			December 31, 2020						December 31, 2019
Equity securities			$	67,195					$	50,274
Maximum exposure to loss			$	67,195					$	50,274

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- Definition

Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=121582814&loc=SL82922888-210455

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Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

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