Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

Our financial assets and liabilities measured at fair value on a recurring basis are as follows:

	Fair value measurements as of December 31, 2019
(In thousands)	Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total
Assets:
Equity securities	$	18,870	$	—	$	—	$	18,870
Common stock options/warrants	—		120		—		120
Forward contracts	—		133		—		133
Total assets	$	18,870	$	253	$	—	$	19,123
Liabilities:
Contingent consideration:	$	—	$	—	$	9,683	9,683
Total liabilities	$	—	$	—	$	9,683	$	9,683

	Fair value measurements as of December 31, 2018
(In thousands)	Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total
Assets:
Equity securities	$	26,313	$	—	$	—	$	26,313
Common stock options/warrants	—		855		—		855
Forward contracts	—		21		—		21
Total assets	$	26,313	$	876	$	—	$	27,189
Liabilities:
Contingent consideration:	$	—	$	—	$	24,537	$	24,537
Total liabilities	$	—	$	—	$	24,537	$	24,537

Carrying Amount and Estimated Fair Value of Long-Term Debt

The carrying amount and estimated fair value of our 2025 Notes, as well as the applicable fair value hierarchy tiers, are contained in the table below. The fair value of the 2025 Notes is determined using quoted prices in active markets.

	December 31, 2019
(In thousands)	Carrying Value		Total Fair Value		Level 1		Level 2		Level 3
2025 Notes	$	148,140	$	158,174	$	158,174	$	—	$	—

Reconciliation of Beginning and Ending Balances of Level 3 Assets and Liabilities

The following tables reconcile the beginning and ending balances of our Level 3 assets and liabilities as of December 31, 2019 and 2018:

	December 31, 2019
(In thousands)	Contingent consideration
Balance at December 31, 2018	$	24,537
Total losses (gains) for the period:
Included in results of operations	(14,854		)
Balance at December 31, 2019	$	9,683

	December 31, 2018
(In thousands)	Contingent consideration
Balance at December 31, 2017	$	41,353
Total losses (gains) for the period:
Included in results of operations	(16,816		)
Balance at December 31, 2018	$	24,537