XML 56 R22.htm IDEA: XBRL DOCUMENT
v3.22.4

INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Schedule of short-term investments | Marketable securities as of December 31, 2022, and December 31, 2021, consisted of the following (in thousands):
| December 31, 2022
| Cost or Amortized Cost |  | Unrealized Gains |  | Unrealized Losses |  | Fair Value
Mutual funds | $ | 26,352 |  |  | $ | — |  |  | $ | (3,143) |  |  | $ | 23,209 |
U.S. treasury securities | 25,640 |  |  | 182 |  |  | (24) |  |  | 25,798 |
Corporate bonds | 13,496 |  |  | 48 |  |  | (106) |  |  | 13,438 |
Equity securities | 53,273 |  |  | 2,776 |  |  | (5,836) |  |  | 50,213 |
| $ | 118,761 |  |  | $ | 3,006 |  |  | $ | (9,109) |  |  | $ | 112,658 |
| 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 December 31, 2022, and December 31, 2021, marketable securities are as follows (in thousands):
|  | December 31, 2022
|  | Marketable Equity Securities |  | Marketable Debt Securities |  | Total
Mutual funds |  | $ | 23,209 |  |  | $ | — |  |  | $ | 23,209 |
U.S. treasury securities |  | — |  |  | 25,798 |  |  | 25,798 |
Equity securities |  | 50,213 |  |  | — |  |  | 50,213 |
Corporate bonds |  | — |  |  | 13,438 |  |  | 13,438 |
|  | $ | 73,422 |  |  | $ | 39,236 |  |  | $ | 112,658 |
| 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 marketable debt securities, by contractual maturity, as of December 31, 2022 (in thousands) are as follows:
| December 31, 2022
| Amortized Cost |  | Fair Value
Less than 1 year | $ | 22,014 |  |  | $ | 22,196 |
1 to 5 years | 12,086 |  |  | 11,973 |
More than 5 years | 5,036 |  |  | 5,067 |
Total | $ | 39,136 |  |  | $ | 39,236 |
Derivatives Not Designated as Hedging Instruments | These derivative instruments are reported as Other current liabilities on our Consolidated Balance Sheets as of December 31, 2022 and December 31, 2021 (in thousands):
| December 31, 2022
| Cost |  | Unrealized Losses |  | Fair Value
Derivative instruments | $ | 2,987 |  |  | $ | 662 |  |  | $ | 3,649 |
| $ | 2,987 |  |  | $ | 662 |  |  | $ | 3,649 |
| 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):
|  |  | Years Ended December 31,
|  |  |  |  | 2022 |  | 2021
Net unrealized losses recognized on marketable equity securities |  |  |  |  | $ | (4,533) |  |  | $ | (1,669) |
Net realized gains (losses) recognized on marketable equity securities |  |  |  |  | (4,085) |  |  | 2,148 |
Net realized gains (losses) recognized on derivative instruments |  |  |  |  | 5,493 |  |  | (1,467) |
Net unrealized gains (losses) recognized on derivative instruments |  |  |  |  | (662) |  |  | 103 |
Net realized gains recognized on marketable debt securities |  |  |  |  | 734 |  |  | — |
Total net gains (losses) recognized in interest and other income (loss), net |  |  |  |  | $ | (3,053) |  |  | $ | (885) |
Schedule of financial instruments measured at fair value on recurring basis | Financial instruments measured at fair value on a recurring basis as of December 31, 2022, and December 31, 2021 are classified based on the valuation technique in the table below (in thousands):
| December 31, 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: |  |  |  |  |  |  |
Certificates of deposit | $ | — |  |  | $ | 5,300 |  |  | $ | — |  |  | $ | 5,300 |
U.S. treasury securities | — |  |  | 25,798 |  |  | — |  |  | 25,798 |
Mutual funds | 23,209 |  |  | — |  |  | — |  |  | 23,209 |
Equity securities | 50,213 |  |  | — |  |  | — |  |  | 50,213 |
Corporate bonds | — |  |  | 13,438 |  |  | — |  |  | 13,438 |
Total assets at fair value | $ | 73,422 |  |  | $ | 44,536 |  |  | $ | — |  |  | $ | 117,958 |
Liabilities |  |  |  |  |  |  |
Derivative instruments | $ | — |  |  | $ | 3,649 |  |  | $ | — |  |  | $ | 3,649 |
Total liabilities at fair value | $ | — |  |  | $ | 3,649 |  |  | $ | — |  |  | $ | 3,649 |
| 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 |

X
- Definition Realized and Unrealized Gains and Losses From Our Equity Securities and Derivative Instruments + References No definition available. + Details
Name: | immr_RealizedAndUnrealizedGainsAndLossesFromOurEquitySecuritiesAndDerivativeInstrumentsTableTextBlock
Namespace Prefix: | immr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
Name: | us-gaap_MarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAvailableForSaleSecuritiesReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4CC -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL109998890-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration