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Investments
 6 Months Ended
Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Investments Investments:
Investments consisted of the following at June 30, 2020 and December 31, 2019 (amounts in thousands):
June 30, 2020December 31, 2019
Debt securities
Available-for-sale$4,767  $5,052  
Equity securities
Private equity funds5,588  7,218  
Mutual funds743  33,677  
Equity method investments7,648  10,229  
Total investments$18,746  $56,176  
Debt Securities
Available-for-sale
Government bonds: The Company's investments in government bonds are classified as available-for-sale and are stated at fair value.
The amortized cost and estimated fair value of investments in debt securities at June 30, 2020 and December 31, 2019 were as follows (amounts in thousands):
June 30, 2020
Amortized CostGross Unrealized GainsGross Unrealized LossesAggregate Fair Value
Available-for-sale
Government bonds$4,589  $178  $—  $4,767  
December 31, 2019
Amortized CostGross Unrealized GainsGross Unrealized LossesAggregate Fair Value
Available-for-sale
Government bonds$5,095  $—  $43  $5,052  
Equity Securities
Investments in private equity funds: Investments in private equity funds represent limited partnerships in which the Company has less than a 1% interest.
Mutual funds: The Company invests certain excess funds held in Brazil in a Brazilian real denominated mutual fund benchmarked to the U.S. dollar that invests principally in Brazilian fixed income securities. The investments are carried at fair value based on quoted market prices. Gains and losses from this investment are included as a foreign exchange component of other income and (expense) in the Company's Consolidated Income Statements.
Equity Method Investments
The Company has an 11.7% interest in RCB Investimentos S.A. ("RCB"), a servicing platform for nonperforming loans in Brazil. This investment is accounted for on the equity method because the Company exercises significant influence over RCB’s operating and financial activities. Accordingly, the Company’s investment in RCB is adjusted for the Company’s proportionate share of RCB’s earnings or losses, capital contribution made and distributions received.