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Fair Value Measurements and Long-term Investments (Tables)
6 Months Ended
Jun. 30, 2022
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of the respective balance sheet dates:

 

 

Balance Sheet

 

June 30, 2022

 

 

December 31, 2021

 

(In thousands)

 

Classifications

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Foreign exchange
   derivative assets

 

Prepaid expenses
   and other
   current assets

 

$

0

 

 

$

0

 

 

$

0

 

 

$

0

 

 

$

0

 

 

$

352

 

 

$

0

 

 

$

352

 

Total assets

 

 

 

$

0

 

 

$

0

 

 

$

0

 

 

$

0

 

 

$

0

 

 

$

352

 

 

$

0

 

 

$

352

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange
   derivative assets

 

Accrued
  expenses

 

$

0

 

 

$

54

 

 

$

0

 

 

$

54

 

 

$

0

 

 

$

0

 

 

$

0

 

 

$

0

 

Contingent consideration
     - current

 

Accrued
  expenses

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

 

 

19

 

 

 

19

 

Total liabilities

 

 

 

$

0

 

 

$

54

 

 

$

0

 

 

$

54

 

 

$

0

 

 

$

0

 

 

$

19

 

 

$

19

 

Summary of Changes in Assets and Liability Measured at Fair Value on Recurring Basis

The changes in our Level 3 liability measured at fair value on a recurring basis at June 30, 2022 is summarized as follows:

(In thousands)

 

Contingent Consideration

 

Balance at December 31, 2021

 

$

19

 

Payments

 

 

(19

)

Balance at June 30, 2022

 

$

0

 

Long-Term Equity and Cost Method Investments [Member]  
Summary of Long-term Equity Investments Included in Other Assets

The following table summarizes our long-term equity investments which are included in Other assets in the accompanying consolidated balance sheets:

 

 

Number of Investees

 

 

Original

 

 

Carrying Value at

 

(In thousands, except for number of investees)

 

at June 30, 2022

 

 

Cost

 

 

June 30, 2022

 

 

December 31, 2021

 

Equity method investments (1)

 

 

4

 

 

$

7,099

 

 

$

11,579

 

 

$

12,260

 

Cost with adjustments

 

 

7

 

 

 

47,114

 

 

 

49,109

 

 

 

49,293

 

Total long-term equity investments

 

 

11

 

 

$

54,213

 

 

$

60,688

 

 

$

61,553

 

(1) Allscripts share of the earnings of our equity method investees is reported based on a one quarter lag.