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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

The following tables set forth our financial assets measured at fair value on a recurring basis by level within the fair value hierarchy. Assets measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement.

			Fair Value as of						Fair Value Measurements Using Fair Value Hierarchy as of
			December 31, 2021						December 31, 2021
			Total						Level 1						Level 2						Level 3						Valuation Technique
Assets
Cash and cash equivalents			$	188,078					$	188,078					$	—					$	—					Market
Restricted cash			251,983						251,983						—						—						Market
Derivative assets			2,220						—						2,220						—						Income
Total assets			$	442,281					$	440,061					$	2,220					$	—
			Fair Value as of						Fair Value Measurements Using Fair Value Hierarchy as of
			December 31, 2020						December 31, 2020
			Total						Level 1						Level 2						Level 3						Valuation Technique
Assets
Cash and cash equivalents			$	121,703					$	121,703					$	—					$	—					Market
Restricted cash			39,715						39,715						—						—						Market
Total assets			$	161,418					$	161,418					$	—					$	—

Fair Value, by Balance Sheet Grouping

The fair value of our bonds and notes payable reported as debt, net in the Consolidated Balance Sheets are presented in the table below:

			December 31,
			2021						2020
Series 2020 A Bonds (1)			$	189,773					$	186,306
Series 2020 B Bonds (1)			81,637						79,723
Series 2021 A Bonds (1)			222,023						—
Series 2021 B Bonds (1)			194,278						—
Senior Notes due 2022			—						403,536
Senior Notes due 2025			881,408						888,701
Senior Notes due 2027			448,848						460,340
Senior Notes due 2028			1,019,470						—

______________________________________________________________________________________

(1) Fair value is based upon market prices for similar municipal securities.

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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