Other Investments (Tables)

9 Months Ended

Sep. 30, 2020

Equity Method Investments and Joint Ventures [Abstract]

Components of other investments

The following table presents the components of Other investments, net:

	As of
	September 30, 2020		December 31, 2019
Other investments, net:
Equity method investments	$	151,899	$	166,209
Other equity investments	34,104		66,627
Other debt investments, net	98,235		92,569
Total other investments, net	$	284,238	$	325,405

The following table presents revenue recognized:

	For the three months ended September 30,				For the nine months ended September 30,
	2020		2019		2020		2019
Deluxe	$	1,067	$	878	$	3,340	$	2,632
BCS	$	2,190	$	1,690	$	6,643	$	6,236

The following table presents trade accounts receivable:

	As of
	September 30, 2020		December 31, 2019
Deluxe	$	750	$	631
BCS	$	6,981	$	5,171

The following table presents reductions to the carrying amount of our investments based on circumstances that indicated the fair value of the investments was less than their carrying amount:

	For the three months ended September 30,				For the nine months ended September 30,
	2020		2019		2020		2019
Loss (gain) on investments, net	$	—	$	—	$	29,833	$	28,653

The following table presents our other debt investments, net:

	As of
	September 30, 2020		December 31, 2019
Other debt investments, net:
Cost basis	$	110,893	$	102,878
Discount	(10,243)		(10,309)
Allowance for credit losses	(2,415)		—
Total other debt investments, net	$	98,235	$	92,569

Allowance for credit loss

The following table presents the activity in our allowance for credit losses for these investments:

	For the nine months ended September 30, 2020
Balance at beginning of period	$	—
Credit losses(1)	2,415
Deductions	—
Balance at end of period	$	2,415

(1) The impact of adopting ASC 326 on January 1, 2020 was a $2.1 million adjustment to Accumulated earnings (losses).

Interest income

The following table presents the interest income, net related to our other debt investments, net:

	For the three months ended September 30, 2020		For the nine months ended September 30, 2020
Interest income, net
Interest income	$	3,764	$	10,668
Credit losses	(93)		(269)
Total interest income, net	$	3,671	$	10,399