Investments (Tables)

3 Months Ended

Mar. 31, 2022

Equity Method Investments, Warrants and Options, and Variable Interest Entities [Abstract]

Accounting Method, Carrying Value and Underlying Equity in Net Assets of Unconsolidated Investments

The following table reflects the accounting method, carrying value and underlying equity in net assets of our unconsolidated investments as of March 31, 2022 and December 31, 2021:

(in thousands)	As of March 31, 2022				As of December 31, 2021
Investment type	Investment Carrying Value		Underlying Equity in Net Assets		Investment Carrying Value		Underlying Equity in Net Assets
Equity method investments	$	217	$	4,497	$	263	$	3,577
Variable interest entity, equity method	773		2,772		816		3,043
Equity securities	3,064				4,226
Equity securities with no readily determinable fair value	5,403				5,408
Warrants and options	15				16
Total carrying value of investments	$	9,472			$	10,729

Schedule of Net Gains and Losses on Equity Securities

Net gains and losses on our equity securities for the three months ended March 31, 2022, and 2021 were as follows:

	For the three months ended March 31
(in thousands)	2022		2021
Equity Securities:
Net gains and losses recognized during the period on equity securities	$	(1,162)	$	2,780
Less: Net gains realized during the period on equity securities	—		(2,981)
Unrealized net gains and losses recognized during the period on equity securities still held at the reporting date	$	(1,162)	$	(201)