FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis were as follows:

	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets
June 30, 2022:
Equity securities at fair value	$	126,345	$	—	$	—	$	126,345
Total	$	126,345	$	—	$	—	$	126,345
December 31, 2021:
Equity securities at fair value	$	113,630	$	248,148	$	—	$	361,778
Total	$	113,630	$	248,148	$	—	$	361,778
Liabilities
June 30, 2022:
Series A warrants	$	—	$	—	$	12,785	$	12,785
Series A embedded derivative liabilities	—		—		23,599		23,599
Series B warrants	—		—		96,781		96,781
Total	$	—	$	—	$	133,165	$	133,165
December 31, 2021:
Series A warrants	$	—	$	—	$	11,291	$	11,291
Series A embedded derivative liabilities	—		—		18,448		18,448
Series B warrants	—		—		96,378		96,378
Total	$	—	$	—	$	126,117	$	126,117

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table sets forth a summary of the changes in the estimated fair value of the Company’s Level 3 liabilities, which are measured at fair value as a on a recurring basis:

	Series A Warrant Liabilities		Series A Embedded Derivative Liabilities		Series B Warrant Liabilities		Total
	(In thousands)
Balance at December 31, 2020	$	—	$	26,728	$	52,341	$	79,069
Transfer to Level 3	6,640		—		—		6,640
Remeasurement to fair value	11,824		14,463		178,198		204,485
Balance at June 30, 2021	$	18,464	$	41,191	$	230,539	$	290,194
Balance at December 31, 2021	$	11,291	$	18,448	$	96,378	$	126,117
Remeasurement to fair value	1,494		5,151		403		7,048
Balance at June 30, 2022	$	12,785	$	23,599	$	96,781	$	133,165