Investments (Tables)

9 Months Ended

Sep. 30, 2020

Investments, Debt and Equity Securities [Abstract]

Summary of Securities without Readily Determinable Fair Value

The following table summarizes the gross unrealized gains and losses and estimated fair values for the Company’s securities without a readily determinable fair value (in thousands):

	Cost		Impairment		Adjustments		Reported Amount
September 30, 2020
Equity securities	$	54,145	$	(23,769)	$	(480)	$	29,896
Total	$	54,145	$	(23,769)	$	(480)	$	29,896
December 31, 2019
Equity securities	$	34,977	$	(4,164)	$	(3,678)	$	27,135
Total	$	34,977	$	(4,164)	$	(3,678)	$	27,135

Summary of Available-for-sale Investments

The following table summarizes the gross unrealized gains and losses and fair values for investments classified as available-for-sale investments (in thousands):

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
September 30, 2020
Corporate debt securities	$	511	$	142	$	—	$	653
Total	$	511	$	142	$	—	$	653
December 31, 2019
Corporate debt securities	$	23,256	$	112	$	(698)	$	22,670
Total	$	23,256	$	112	$	(698)	$	22,670

Available-for-Sale Securities Classified by Contractual Maturity Date

The following table summarizes J2 Global’s corporate debt securities designated as available-for-sale, classified by the contractual maturity date of the security (in thousands):

	September 30, 2020		December 31, 2019
Due within 1 year	$	—	$	—
Due within more than 1 year but less than 5 years	653		22,670
Due within more than 5 years but less than 10 years	—		—
Due 10 years or after	—		—
Total	$	653	$	22,670

Fair Value of Available-for-sale Investments in Unrealized Loss Position

The following table presents gross unrealized losses and fair values for those investments that were in an unrealized loss position as of December 31, 2019, aggregated by investment category and the length of time that individual securities have been in a continuous loss position (in thousands). There were no investments in an unrealized loss position as of September 30, 2020.

	As of December 31, 2019
	Less than 12 Months				12 Months or Greater				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Corporate debt securities	$	—	$	—	$	22,047	$	(698)	$	22,047	$	(698)
Total	$	—	$	—	$	22,047	$	(698)	$	22,047	$	(698)

Carrying Amount for Equity Method Investment

The following table discloses the carrying amount for the Company’s equity method investment (in thousands):

	September 30, 2020		December 31, 2019
Equity method investment	$	66,026	$	50,274
Maximum exposure to loss	$	66,026	$	50,274