Non-Marketable Investments

12 Months Ended

Dec. 31, 2017

Investments Debt And Equity Securities [Abstract]

Non-Marketable Investments

(4) Non-Marketable Investments

At December 31, 2017 and 2016, the carrying value of the Company’s non-marketable investments, which were composed primarily of interests in technology-related private equity funds, was $1.9 million and $2.8 million, respectively, and are included in other assets in the Consolidated Balance Sheets.

The Company’s investments are being accounted for using the equity method as the investments are limited partnerships and the Company has an ownership interest in excess of 5% and, accordingly, the Company records its share of the investee’s operating results each period. At December 31, 2016, the Company’s investments also included an investment with a book value of $0.4 million, which was accounted for using the cost method. This investment was fully liquidated during 2017. During the years ended December 31, 2017 and 2016, the Company recorded losses from its non-marketable investments of $0.5 million and $0.8 million, respectively, which are included in losses on investments, net in the Consolidated Statements of Income. During the year ended December 31, 2015, losses from non-marketable investments were insignificant. During the year ended December 31, 2017, a gross distribution of $0.4 million was received from the funds. During the year ended December 31, 2016, no distributions were received from the funds. During the year ended December 31, 2015, a gross distribution of $0.1 million was received from the funds.