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Investments (Tables)

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Unrealized Gain (Loss) on Investments

The following table summarizes the cumulative gross unrealized gains and losses and fair values for short-term investments accounted for at fair value under the fair value option, with the unrealized gains and losses reported within earnings on the Condensed Consolidated Statements of Operations (in thousands):

			Initial Book Value																		Cumulative Gross Unrealized Gains						Cumulative Gross Unrealized Losses						Fair Value
June 30, 2022
Investment in Consensus (equity securities)			$	(29,052)																	$	101,587					$	—					$	72,535
Total			$	(29,052)																	$	101,587					$	—					$	72,535
December 31, 2021
Investment in Consensus (equity securities)			$	(69,290)																	$	298,490					$	—					$	229,200
Total			$	(69,290)																	$	298,490					$	—					$	229,200

Carrying Amount for Equity Method Investment

The following table discloses the carrying amount for the Company’s equity method investment (in thousands). These equity securities are included within ‘Long-term investments’ in the Condensed Consolidated Balance Sheets.

			June 30, 2022						December 31, 2021
Equity securities			$	113,460					$	122,593
Maximum exposure to loss			$	113,460					$	122,593

Summary of Available-for-sale Investments

The table below summarizes the carrying value and the maximum exposure of Company’s investment in corporate debt securities as of June 30, 2022 (in thousands):

			June 30, 2022
			Carrying value						Maximum exposure
Investment in corporate debt securities			$	15,000					$	15,000

The following table summarizes the gross unrealized gains and losses and fair values for investments classified as available-for-sale, with the unrealized gains and losses reported as a component of other comprehensive income (in thousands):

			Amortized Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Value
June 30, 2022
Investment in corporate debt securities			$	15,000					$	—					$	—					$	15,000
Total			$	15,000					$	—					$	—					$	15,000

Available-for-Sale Securities Classified by Contractual Maturity Date

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

			June 30, 2022						December 31, 2021
Due within 1 year			$	—					$	—
Due within more than 1 year but less than 5 years			15,000						—
Due within more than 5 years but less than 10 years			—						—
Due 10 years or after			—						—
Total			$	15,000					$	—

X

- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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+ References

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- Definition

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