Fair Value Measurements Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

As of September 30, 2020, the Company’s financial assets and liabilities that are measured at fair value on a recurring basis were as follows (in thousands):


	Level 1		Level 2		Level 3
ASSETS
Cash, cash equivalents, restricted cash and restricted cash equivalents	$	99,134	$	—	$	—
Marketable securities(1)	7,597		—		—

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(1)Marketable security gains (losses), net include unrealized gains of $1.0 million and unrealized losses of $0.1 million for the three months ended September 30, 2020 and 2019, respectively, related to marketable security positions held by the Company as of September 30, 2020. Marketable security gains (losses), net include unrealized losses of $0.6 million and unrealized gains of $0.3 million for the nine months ended September 30, 2020 and 2019, respectively, related to marketable security positions held by the Company as of September 30, 2020.

Estimated Fair Value of Other Financial Assets and Liabilities

As of September 30, 2020, the estimated fair values of the Company’s other financial assets and liabilities were as follows (in thousands):


			Estimated Fair Value
	Carrying Amount		Level 1		Level 2		Level 3
ASSETS
Notes receivable from third parties (included in other receivables and other assets)	$	2,334	$	—	$	2,334	$	—
Investments, at cost, in 50% or less owned companies (included in other assets)	4,201		see below
LIABILITIES
Long-term debt, including current portion(1)	$	248,850	$	—	$	236,065	$	—

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(1)The estimated fair value includes the embedded conversion options on the Company’s 2.5% Convertible Senior Notes and 3.25% Convertible Senior Notes.