Acquisitions and Investments (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Preliminary Purchase Price Allocation and Estimated Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary purchase price allocation and the estimated fair value of the net assets acquired and liabilities assumed at the date of acquisition. The purchase price allocation for the ModeX transaction is preliminary, pending completion of the fair value analysis of acquired assets and liabilities:

(in thousands)	ModeX
Cash and cash equivalents	$	228
Other assets	554
Property, plant and equipment	1,046
IPR&D assets	195,000
Goodwill	80,432
Accounts payable	(286)
Deferred tax liability	(55,312)
Total purchase price	$	221,662

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 December 31, 2022 and 2021:

(in thousands)	As of December 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	$	103	$	4,120	$	263	$	3,577
Variable interest entity, equity method	800		1,370		816		3,043
Equity method investments - FV option	21,120				—
Equity securities	648				4,226
Equity securities with no readily determinable fair value	5,381				5,408
Warrants and options	28				16
Total carrying value of investments	$	28,080			$	10,729

Schedule of Net Gains and Losses on Equity Securities

Net gains and losses on our equity securities for the year ended December 31, 2022, 2021 and 2020 are as follows:

	For the year ended December 31
(in thousands)	2022		2021		2020
Equity Securities:
Net gains and (losses) recognized during the period on equity securities	$	(3,578)	$	(1,832)	$	10,376
Less: Net gains realized during the period on equity securities	—		(2,981)		(10,324)
Unrealized net gains and losses recognized during the period on equity securities still held at the reporting date	$	(3,578)	$	(4,813)	$	52