XML 50 R37.htm IDEA: XBRL DOCUMENT v3.20.2

Investments (Tables)

9 Months Ended

Sep. 30, 2020

Investments Debt And Equity Securities [Abstract]

Debt Securities and Other Investments, Included on Condensed Consolidated Balance Sheet and Recorded at Fair Value

Debt Securities and Other Investments

As of September 30, 2020, the following debt securities and other investments were included on the Condensed Consolidated Balance Sheet and recorded at fair value:

		Amortized				Gross Unrealized								Fair
(In thousands)		Cost				Gains				Losses				Value
Corporate bonds		$	12,861			$	149			$	—			$	13,010
Municipal fixed-rate bonds			3,093				32				(1	)			3,124
Asset-backed bonds			8,472				115				—				8,587
Mortgage/Agency-backed bonds			10,964				127				(11	)			11,080
U.S. government bonds			7,096				174				—				7,270
Foreign government bonds			1,032				3				—				1,035
Commercial paper			324				1				—				325
Variable-rate demand notes			—				—				—				—
Other			442				—				—				442
Available-for-sale debt securities held at fair value		$	44,284			$	601			$	(12	)		$	44,873

As of December 31, 2019, the following debt securities and other investments were included on the Condensed Consolidated Balance Sheet and recorded at fair value:

		Amortized				Gross Unrealized								Fair
(In thousands)		Cost				Gains				Losses				Value
Corporate bonds		$	9,304			$	80			$	—			$	9,384
Municipal fixed-rate bonds			930				—				—				930
Asset-backed bonds			6,867				26				(3	)			6,890
Mortgage/Agency-backed bonds			6,944				26				(8	)			6,962
U.S. government bonds			12,311				21				(9	)			12,323
Foreign government bonds			372				—				(1	)			371
Variable-rate demand notes			800				—				—				800
Available-for-sale debt securities held at fair value		$	37,528			$	153			$	(21	)		$	37,660

Contractual Maturities of Debt Securities and Other Investments

As of September 30, 2020, contractual maturities related to debt securities and other investments were as follows:

Gross Realized Gains and Losses on Sale of Debt Securities

The following table presents gross realized gains and losses related to our debt securities:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
(In thousands)		2020				2019				2020				2019
Gross realized gains on debt securities		$	70			$	36			$	303			$	85
Gross realized losses on debt securities			(6	)			(7	)			(45	)			(40	)
Total gain recognized, net		$	64			$	29			$	258			$	45

Realized and Unrealized Gains and Losses related to Marketable Equity Securities

Realized and unrealized gains and losses related to marketable equity securities for the three and nine months ended September 30, 2020 and 2019 were as follows:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
(In thousands)		2020				2019				2020				2019
Realized gains (losses) on equity securities sold		$	623			$	(20	)		$	(1,485	)		$	(83	)
Unrealized gains (losses) on equity securities held			2,157				(225	)			3,046				8,233
Total gain (loss) recognized, net		$	2,780			$	(245	)		$	1,561			$	8,150

Cash Equivalents and Investments held at Fair Value

The Company’s cash equivalents and investments held at fair value are categorized into this hierarchy as follows:

						Fair Value Measurements as of September 30, 2020 Using
(In thousands)		Fair Value				Quoted Prices in Active Market for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Cash equivalents
Money market funds		$	636			$	636			$	—			$	—
U.S. government securities			300				300				—				—
Available-for-sale debt securities
Corporate bonds			13,010			—					13,010				—
Municipal fixed-rate bonds			3,124			—					3,124				—
Asset-backed bonds			8,587			—					8,587				—
Mortgage/Agency-backed bonds			11,080			—					11,080				—
U.S. government bonds			7,270				7,270			—					—
Foreign government securities			1,035			—					1,035				—
Commercial paper			325			—					325				—
Variable-rate demand notes			—			—									—
Other			442			—				—					442
Marketable equity securities
Marketable equity securities – various industries			13,590				13,590			—					—
Deferred compensation plan assets			21,595				21,595			—					—
Other investments			1,276				1,276			—					—
Total		$	82,270			$	44,667			$	37,161			$	442

						Fair Value Measurements as of December 31, 2019 Using
(In thousands)		Fair Value				Quoted Prices in Active Market for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Cash equivalents
Money market funds		$	1,309			$	1,309			$	—			$	—
Available-for-sale debt securities
Corporate bonds			9,384				—				9,384				—
Municipal fixed-rate bonds			930				—				930				—
Asset-backed bonds			6,890				—				6,890				—
Mortgage/Agency-backed bonds			6,962				—				6,962				—
U.S. government bonds			12,323				12,323				—				—
Foreign government bonds			371				—				371				—
Variable-rate demand notes			800				—				800				—
Marketable equity securities
Marketable equity securities – various industries			35,501				35,501				—				—
Equity in escrow			298				298				—				—
Deferred compensation plan assets			21,698				21,698				—				—
Other investments			2,442				2,442				—				—
Total		$	98,908			$	73,571			$	25,337			$	—

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 http://asc.fasb.org/extlink&oid=117815213&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 http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of realized and unrealized gain (loss) on investment in security.

+ References

No definition available.

+ Details

Name:	us-gaap_GainLossOnInvestmentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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 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:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27357-111563

+ Details

Name:	us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration