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Investments (Tables) | 9 Months Ended
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Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract] |
Debt Securities, Trading, and Equity Securities, FV-NI | Gains (losses) on equity securities recognized in ‘Unrealized gain (loss) on short-term investments held at the reporting date’ consisted of the following (in thousands):
| Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022
Net gains (losses) during the period | $ | 4,672 |  |  | $ | (61,937) |
Less: gains (losses) on securities sold during the period | 471 |  |  | (47,772) |
Unrealized gains (losses) recognized during the period on equity securities held at the reporting date | $ | 4,201 |  |  | $ | (14,165) |
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 September 30, 2022 (in thousands):
| September 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
September 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):
| September 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 |  |  | $ | — |
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.
| September 30, 2022 |  | December 31, 2021
Equity securities | $ | 109,228 |  |  | $ | 122,593 |
Maximum exposure to loss | $ | 109,228 |  |  | $ | 122,593 |

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- 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 + Details
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- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
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- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
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