Investments in Equity Securities

9 Months Ended

Sep. 30, 2021

Investments, Debt and Equity Securities [Abstract]

Investments in Equity Securities

Investments in Equity Securities

Investment securities—fair value consist of investments in the Company’s investment in shares and rights of equity securities. The composition of the Company’s investment securities—fair value was as follows (in thousands):

	As of September 30, 2021
	Cost		Fair Value
Investments in equity securities- fair value
Equity shares	$	47,841	$	6,217
Equity rights	11,064		1,438
Total investments in equity securities- fair value	$	58,905	$	7,655

For the three and nine months ended September 30, 2021, the Company recognized a net unrealized loss on equity securities of $22.3 million and $51.3 million in the other income/expense section of the condensed consolidated statements of operations.

There were no realized gains and losses on equity securities for the three and nine months ended September 30, 2020.