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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value The following table presents information about the Company’s assets and liabilities measured at fair value as of June 30, 2022:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents and restricted cash

 

$

130,819

 

 

 

 

 

 

 

 

 

130,819

 

Marketable securities

 

 

 

 

 

382,246

 

 

 

 

 

 

382,246

 

Equity investments

 

 

18,119

 

 

 

 

 

 

2,065

 

 

 

20,184

 

Total

 

$

148,938

 

 

$

382,246

 

 

$

2,065

 

 

$

533,249

 

 

The following table presents information about the Company’s assets and liabilities measured at fair value as of December 31, 2021:

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents and restricted cash

 

$

123,267

 

 

$

 

 

$

 

 

$

123,267

 

Marketable securities

 

 

 

 

 

456,212

 

 

 

 

 

 

456,212

 

Equity investments

 

 

39,561

 

 

 

 

 

 

1,887

 

 

 

41,448

 

Total

 

$

162,828

 

 

$

456,212

 

 

$

1,887

 

 

$

620,927

 

Summary of Changes in Fair Value of Level 3 Investments The following table sets forth changes in fair value of the Company’s Level 3 investments:

 

 

 

Amount

 

As of December 31, 2020

 

$

 

Cash contributions

 

 

2,000

 

Unrealized loss

 

 

(113

)

As of December 31, 2021

 

 

1,887

 

Unrealized loss

 

 

(128

)

As of March 31, 2022

 

 

1,759

 

Cash contributions

 

 

600

 

Unrealized loss

 

 

(294

)

As of June 30, 2022

 

$

2,065