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 |
| | |
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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 |
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| | (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. |
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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 |
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| | (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 |
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| | (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. |
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