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INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract] |
Schedule of short-term investments | Marketable securities as of June 30, 2022 and December 31, 2021 consisted of following (in thousands):
| June 30, 2022
| Cost or Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Mutual funds | $ | 40,297 |  |  | $ | — |  |  | $ | (2,990) |  |  | $ | 37,307 |
Corporate bonds | 17,670 |  |  | — |  |  | (523) |  |  | 17,147 |
Equity securities | 45,633 |  |  | 1,335 |  |  | (4,799) |  |  | 42,169 |
| $ | 103,600 |  |  | $ | 1,335 |  |  | $ | (8,312) |  |  | $ | 96,623 |
| December 31, 2021
| Cost or Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Mutual funds | $ | 50,000 |  |  | $ | — |  |  | $ | (338) |  |  | $ | 49,662 |
Corporate bonds | 6,996 |  |  | 290 |  |  | — |  |  | 7,286 |
Equity securities | 38,100 |  |  | — |  |  | (1,331) |  |  | 36,769 |
| $ | 95,096 |  |  | $ | 290 |  |  | $ | (1,669) |  |  | $ | 93,717 |
Marketable Securities | As of June 30, 2022 and December 31, 2021, marketable securities are classified and reported on our Condensed Consolidated Balance Sheets as follows (in thousands):
|  | June 30, 2022
|  | Marketable Equity Securities |  | Marketable Debt Securities |  | Total
Mutual funds |  | $ | 37,307 |  |  | $ | — |  |  | $ | 37,307 |
Equity securities |  | 42,169 |  |  | — |  |  | 42,169 |
Corporate bonds |  | — |  |  | 17,147 |  |  | 17,147 |
|  | $ | 79,476 |  |  | $ | 17,147 |  |  | $ | 96,623 |
| December 31, 2021
| Marketable Equity Securities |  | Marketable Debt Securities |  | Total
Mutual funds | $ | 49,662 |  |  | $ | — |  |  | $ | 49,662 |
Equity securities | 36,769 |  |  | — |  |  | 36,769 |
Corporate bonds | — |  |  | 7,286 |  |  | 7,286 |
| $ | 86,431 |  |  | $ | 7,286 |  |  | $ | 93,717 |
Debt Securities, Available-for-sale | The amortized costs and fair value of our marketable debt securities, by contractual maturity, as of June 30, 2022 (in thousands) are as follows:
| June 30, 2022
| Amortized Cost |  | Fair Value
Less than 1 year | $ | — |  |  | $ | — |
1 to 5 years | 9,158 |  |  | 9,217 |
More than 5 years | 8,512 |  |  | 7,930 |
Total | $ | 17,670 |  |  | $ | 17,147 |
Derivatives Not Designated as Hedging Instruments | These derivative instruments are reported as Other current liabilities on our Condensed Consolidated Balance Sheets as of June 30, 2022 and December 31, 2021 (in thousands):
| June 30, 2022
| Cost |  | Unrealized Losses |  | Fair Value
Derivative instruments | $ | 4,863 |  |  | $ | 4,501 |  |  | $ | 9,364 |
| $ | 4,863 |  |  | $ | 4,501 |  |  | $ | 9,364 |
| December 31, 2021
| Cost |  | Unrealized Gains |  | Fair Value
Derivative instruments | $ | 6,370 |  |  | $ | (103) |  |  | $ | 6,267 |
| $ | 6,370 |  |  | $ | (103) |  |  | $ | 6,267 |
Realized and Unrealized Gains and Losses From Our Equity Securities and Derivative Instruments | A summary of realized and unrealized gains and losses from our equity securities and derivative instruments are as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net unrealized losses recognized on marketable equity securities | $ | (6,923) |  |  | $ | — |  |  | $ | (4,784) |  |  | $ | — |
Net realized gains (losses) recognized on marketable equity securities | (254) |  |  | — |  |  | 772 |  |  | — |
Net unrealized losses recognized on derivative instruments | (1,943) |  |  | — |  |  | (4,603) |  |  | — |
Net realized gains recognized on derivative instruments | 2,009 |  |  | — |  |  | 1,875 |  |  | — |
Net realized gains recognized on marketable debt securities | — |  |  | — |  |  | 368 |  |  | — |
Total net losses recognized in interest and other income (loss), net | $ | (7,111) |  |  | $ | — |  |  | $ | (6,372) |  |  | $ | — |
Schedule of financial instruments measured at fair value on recurring basis | Financial instruments measured at fair value on a recurring basis as of June 30, 2022 and December 2021 are classified based on the valuation technique in the table below (in thousands):
| June 30, 2022 |  |
| Fair Value Measurements Using |  |
| Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Assets: |  |  |  |  |  |  |
Mutual funds | $ | 37,307 |  |  | $ | — |  |  | $ | — |  |  | $ | 37,307 |
Equity securities | 42,169 |  |  | — |  |  | — |  |  | 42,169 |
Corporate bonds | — |  |  | 17,147 |  |  | — |  |  | 17,147 |
Total assets at fair value | $ | 79,476 |  |  | $ | 17,147 |  |  | $ | — |  |  | $ | 96,623 |
Liabilities |  |  |  |  |  |  |
Derivative instruments | $ | — |  |  | $ | 9,364 |  |  | $ | — |  |  | $ | 9,364 |
Total liabilities at fair value | $ | — |  |  | $ | 9,364 |  |  | $ | — |  |  | $ | 9,364 |
| December 31, 2021 |  |
| Fair Value Measurements Using |  |
| Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
Assets: |  |  |  |  |  |  |
Mutual funds | $ | 49,662 |  |  | $ | — |  |  | $ | — |  |  | 49,662 |
Equity securities | 36,769 |  |  | — |  |  | — |  |  | 36,769 |
Corporate bonds | — |  |  | 7,286 |  |  | — |  |  | 7,286 |
Total assets at fair value | $ | 86,431 |  |  | $ | 7,286 |  |  | $ | — |  |  | $ | 93,717 |
Liabilities |  |  |  |  |  |  |
Derivative instruments | $ | — |  |  | $ | 6,267 |  |  | $ | — |  |  | $ | 6,267 |
Total liabilities at fair value | $ | — |  |  | $ | 6,267 |  |  | $ | — |  |  | $ | 6,267 |

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