Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.20.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
The Company’s financial assets and liabilities as of December 31, that are measured at fair value on a recurring basis were as follows (in thousands):
Level 1 Level 2 Level 3
2020
ASSETS
Cash, cash equivalents, restricted cash and restricted cash equivalents $ 66,822  $ —  $ — 
Marketable securities(1)
7,597  —  — 
2019
ASSETS
Cash, cash equivalents, restricted cash and restricted cash equivalents $ 78,444  $ —  $ — 
Marketable securities(1)
7,936  —  — 
______________________
(1)Marketable security gains (losses), net include losses of $0.6 million for the year ended December 31, 2020 related to marketable security positions held by the Company as of December 31, 2020. Marketable security gains (losses), net include gains of $2.2 million for the year ended December 31, 2019 related to marketable security positions held by the Company as of December 31, 2019.
Estimated Fair Value of Other Financial Assets and Liabilities
The estimated fair value of the Company’s other financial assets and liabilities as of December 31, were as follows (in thousands):
Carrying
Amount
Level 1 Level 2 Level 3
2020
ASSETS
Notes receivable from third parties (included in other receivables and other assets) $ 3,158  $ —  $ 3,159  $ — 
Investments, at cost, in 50% or less owned companies (included in other assets)(1)
4,201  see below
LIABILITIES
Long-term debt, including current portion(2)
277,044  —  295,066  — 
2019
ASSETS
Notes receivable from third parties (included in other receivables and other assets) $ 1,119  $ —  $ 1,082  $ — 
Investments, at cost, in 50% or less owned companies (included in other assets) 4,201  see below
LIABILITIES
Long-term debt, including current portion(2)
314,466  —  330,088  — 
______________________
(1)Subsequent to December 31, 2020 the Company sold one of its investments, at cost, in 50% or less owned companies for $5.0 million and recognized a gain of $1.5 million.
(2)The estimated fair value includes the embedded conversion options on the Company’s outstanding Convertible Senior Notes.