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INVESTMENTS
 3 Months Ended
Mar. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
INVESTMENTS INVESTMENTS
The following table summarizes investments as of March 31, 2021 and December 31, 2020 (dollars in thousands):
March 31, 2021Percent Ownership of Voting StockDecember 31, 2020Percent Ownership of Voting Stock
Other equity investments $36,008 1%to19%$37,671 1%to19%
Available-for-sale securities - redeemable preferred shares (1)
— 19%to25%— 19%to25%
Fair value option investments (1)
— 10%to19%— 10%to19%
Total investments$36,008 $37,671 
(1)We hold available-for-sale securities and fair value option investments in various entities that were written down to zero prior to December 31, 2020. During the first quarter 2020, we recognized a $1.4 million loss from changes in the fair value of our fair value option investments.
Other Equity Investments
Other equity investments represent equity investments without readily determinable fair values recorded at cost adjusted for observable price changes and impairments. During the first quarter 2020, we sold 50% of our shares in an other equity investment for total cash consideration of $34.0 million.
In addition, we recorded a $6.7 million impairment during the first quarter 2020 to an other equity investment as a result of revised cash flow projections and a deterioration in financial condition due to COVID-19. We did not recognize any impairments during the three months ended March 31, 2021.