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Equity Investments
3 Months Ended
Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]  
Equity Investments

Note 14 - Equity Investments

Equity Investments

The Company maintains equity investments in companies which are accounted for under the measurement alternative described in ASC 321-10-35-2 for equity securities that lack readily determinable fair values. The carrying amount of equity securities held by the Company without readily determinable fair values was $20.0 million as of March 31, 2022 and $16.2 million as of December 31, 2021. During the three months ended March 31, 2022 the Company recognized $3.9 million upward fair value adjustments, based on the valuation of additional equity issued by the investee which was deemed to be an observable transaction of a similar investment under ASC 321. The gain was recorded within Other income, in the Condensed Consolidated Statement of Operations. The upward fair value adjustment represents a nonrecurring fair value measurement based on observable price changes.