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Investments (Tables)
12 Months Ended
Dec. 31, 2016
Investments, All Other Investments [Abstract]  
Schedule of Cost and Equity Method Investments
The following table summarizes the Company's investments (dollars in thousands):
 
December 31, 2016
 
Percent Ownership of Voting Stock
 
December 31, 2015
 
Percent Ownership of Voting Stock
Available-for-sale securities
 
 
 
 
 
 
 
 
 
 
 
Convertible debt securities
$
10,038

 
 
 
 
 
$
10,116

 
 
 
 
Redeemable preferred shares
17,444

 
19
%
to
25
%
 
22,834

 
17
%
to
25
%
Total available-for-sale securities
27,482

 
 
 
 
 
32,950

 
 
 
 
Cost method investments
31,816

 
1
%
to
19
%
 
14,561

 
2
%
to
10
%
Fair value option investments
82,584

 
41
%
 
 
 
130,725

 
43
%
to
45
%
Total investments
$
141,882

 
 
 
$
178,236

 
 
Schedule of Available-for-sale Securities Reconciliation
The following table summarizes the amortized cost, gross unrealized gain, gross unrealized loss and fair value of the Company's available-for-sale securities as of December 31, 2016 and 2015, respectively (in thousands):
 
December 31, 2016
 
December 31, 2015
 
Amortized Cost
 
Gross Unrealized Gain
 
Gross Unrealized Loss (1)
 
Fair Value
 
Amortized Cost
 
Gross Unrealized Gain
 
Gross Unrealized Loss (1)
 
Fair Value
Available-for-sale securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Convertible debt securities
$
8,453

 
$
1,691

 
$
(106
)
 
$
10,038

 
$
9,234

 
$
882

 
$

 
$
10,116

Redeemable preferred shares
18,375

 

 
(931
)
 
17,444

 
22,973

 

 
(139
)
 
22,834

Total available-for-sale securities
$
26,828

 
$
1,691

 
$
(1,037
)
 
$
27,482

 
$
32,207

 
$
882

 
$
(139
)
 
$
32,950


(1)
As of December 31, 2016, available-for-sale securities with an unrealized loss have been in a loss position for less than 12 months, except for one security in a loss position of $0.1 million. As of December 31, 2015, available-for-sale securities with an unrealized loss had been in a loss position for less than 12 months.
Equity Method Investments
 
Year Ended December 31, 2016
 
Period from May 28, 2015 through December 31, 2015 (1)
Revenue
$
216,119

 
$
83,897

Gross profit
24,774

 
(18,986
)
Loss before income taxes
(153,882
)
 
(107,919
)
Net loss
(153,882
)
 
(107,919
)

 
December 31, 2016
 
December 31, 2015
Current assets
$
171,721

 
$
152,352

Non-current assets
466,004

 
483,896

Current liabilities
345,469

 
277,490

Non-current liabilities
22,945

 
5,125

(1)
The summarized financial information is presented for the period beginning May 28, 2015, after completion of the Ticket Monster disposition transaction that resulted in the Company obtaining its minority limited partner interest in Monster LP.
.
The following tables summarize the condensed financial information for GroupMax as of December 31, 2016 and 2015, for the year ended December 31, 2016 and for the period from August 7, 2015 through December 31, 2015 (in thousands):
 
Year Ended December 31, 2016
 
Period from August 7, 2015 through December 31, 2015 (1)
Revenue
$
3,024

 
$
578

Gross profit
2,570

 
235

Loss before income taxes
(15,701
)
 
(11,479
)
Net loss
(15,701
)
 
(10,019
)

 
December 31, 2016
 
December 31, 2015
Current assets
$
3,383

 
$
3,501

Non-current assets
18,467

 
29,127

Current liabilities
10,458

 
7,674

Non-current liabilities
2,523

 
333

(1)
The summarized financial information is presented for the period beginning August 7, 2015, after completion of the Groupon India disposition transaction that resulted in the Company obtaining its minority investment in GroupMax.