XML 31 R20.htm IDEA: XBRL DOCUMENT v3.20.2
Other Investments
6 Months Ended
Jun. 30, 2020
Other Investments [Abstract]  
Other Investments Other Investments
At June 30, 2020, the Company held $17.0 million in investments in certain limited partnerships that invest in various innovative companies in the health care and education-related technology fields. The Company has commitments to invest up to an additional $1.9 million across these partnerships through 2027. The Company's investments range from 3%-5% of any partnership’s interest and are accounted for under the equity method. At December 31, 2019, the Company's investment in limited partnerships was $15.8 million.
The following table illustrates changes in the Company’s limited partnership investments for the three and six months ended June 30, 2019 and 2020 (in thousands):
 
For the three months ended
June 30,
 
For the six months ended
June 30
 
2019
 
2020
 
2018
 
2019
Limited partnership investments, beginning of period
$
13,823

 
$
15,805

 
$
13,449

 
$
15,795

Capital contributions
245

 
175

 
513

 
293

Pro-rata share in the net income of limited partnerships
597

 
1,010

 
1,554

 
1,242

Distributions
(175
)
 

 
(1,026
)
 
(340
)
Limited partnership investments, end of period
$
14,490

 
$
16,990

 
$
14,490

 
$
16,990