Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30, 2020
(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	$	24,777	$	—	$	—	$	24,777
Common stock options/warrants	—		51		—		51
Forward contracts	—		215		—		215
Total assets	$	24,777	$	266	$	—	$	25,043
Liabilities:
Contingent consideration	—		—		9,934		9,934
Total liabilities	$	—	$	—	$	9,934	$	9,934

	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

Reconciliation of the Beginning and Ending Balances of Level 3 Assets

The following table reconciles the beginning and ending balances of our Level 3 assets and liabilities as of June 30, 2020:

	June 30, 2020
(In thousands)	Contingent consideration
Balance at December 31, 2019	$	9,683
Change in fair value:
Included in results of operations	251
Balance at June 30, 2020	$	9,934

Reconciliation of the Beginning and Ending Balances of Level 3 Liabilities

The following table reconciles the beginning and ending balances of our Level 3 assets and liabilities as of June 30, 2020:

	June 30, 2020
(In thousands)	Contingent consideration
Balance at December 31, 2019	$	9,683
Change in fair value:
Included in results of operations	251
Balance at June 30, 2020	$	9,934