XML 40 R29.htm IDEA: XBRL DOCUMENT v3.19.2
Investments (Tables)
6 Months Ended
Jun. 30, 2019
Investments [Abstract]  
Schedule of Cost Method Investments
The following table summarizes the gross unrealized gains and losses and estimated fair values for the Company’s securities without a readily determinable fair value (in thousands):
 
Cost
 
Impairment
 
Adjustments
 
Fair Value
June 30, 2019
 
 
 
 
 
 
 
Equity securities
$
34,977

 
$

 
$
(3,678
)
 
$
31,299

Total
$
34,977

 
$

 
$
(3,678
)
 
$
31,299

 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
Equity securities
$
34,977

 
$

 
$
(3,678
)
 
$
31,299

Total
$
34,977

 
$

 
$
(3,678
)
 
$
31,299


Schedule of Available-for-sale Securities Reconciliation

 The following table summarizes the gross unrealized gains and losses and fair values for investments classified as available-for-sale investments (in thousands):
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
June 30, 2019
 
 
 
 
 
 
 
Corporate debt securities
$
23,256

 
$
84

 
$
(1,220
)
 
$
22,120

Total
$
23,256

 
$
84

 
$
(1,220
)
 
$
22,120

 
 
 
 
 
 
 
 
December 31, 2018
 

 
 

 
 

 
 

Corporate debt securities
$
23,256

 
$
21

 
$
(1,899
)
 
$
21,378

Total
$
23,256

 
$
21

 
$
(1,899
)
 
$
21,378


Investments Classified by Contractual Maturity Date
The following table summarizes J2 Global’s corporate debt securities designated as available-for-sale, classified by the contractual maturity date of the security (in thousands):
 
June 30, 2019
 
December 31, 2018
Due within 1 year
$

 
$

Due within more than 1 year but less than 5 years
22,120

 
21,378

Due within more than 5 years but less than 10 years

 

Due 10 years or after

 

Total
$
22,120

 
$
21,378


Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
The following tables present gross unrealized losses and fair values for those investments that were in an unrealized loss position as of June 30, 2019 and December 31, 2018, aggregated by investment category and the length of time that individual securities have been in a continuous loss position (in thousands):
 
As of June 30, 2019
 
Less than 12 Months
 
12 Months or Greater
 
Total
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
Corporate debt securities
$

 
$

 
$
21,525

 
$
(1,220
)
 
$
21,525

 
$
(1,220
)
Total
$

 
$

 
$
21,525

 
$
(1,220
)
 
$
21,525

 
$
(1,220
)
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2018
 
Less than 12 Months
 
12 Months or Greater
 
Total
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
 
Fair Value
 
Unrealized Loss
Corporate debt securities
$
20,846

 
$
(1,899
)
 
$

 
$

 
$
20,846

 
$
(1,899
)
Total
$
20,846

 
$
(1,899
)
 
$

 
$

 
$
20,846

 
$
(1,899
)

Equity Method Investments
The following table discloses the carrying amount for the Company’s equity method investment (in thousands):
 
June 30, 2019
 
December 31, 2018
Equity securities
$
50,583

 
$
31,151

Maximum exposure to loss
$
50,583

 
$
31,151