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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements, Recurring and Nonrecurring

The following tables present our assets and liabilities measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022 classified by the input method used to measure fair value:

(in thousands)			Level 1						Level 2						Level 3
June 30, 2023
Assets:
Investments:
Money Market Funds			$	4,069					$	—					$	—
Mutual Funds			7,505						—						—
Corporate Debt Securities			—						1,456						—
Government-Backed and Government-Sponsored Enterprises’ Debt Securities			—						7,470						—
Total Assets			$	11,574					$	8,926					$	—
Liabilities:
Derivative Instruments			$	—					$	1,728					$	—
Total Liabilities			$	—					$	1,728					$	—
December 31, 2022
Assets:
Investments:
Money Market Funds			$	1,560					$	—					$	—
Mutual Funds			5,503						—						—
Corporate Debt Securities			—						1,434						—
Government-Backed and Government-Sponsored Enterprises’ Debt Securities			—						7,327						—
Total Assets			$	7,063					$	8,761					$	—
Liabilities:
Derivative Instruments			—						7,130						—
Total Liabilities			$	—					$	7,130					$	—

Schedule of Fair Value of Assets and Liabilities

The following reflects the carrying value and estimated fair value of these assets and liabilities as of June 30, 2023 and December 31, 2022:

			June 30, 2023												December 31, 2022
(in thousands)			Carrying Amount						Fair Value						Carrying Amount						Fair Value
Assets:
Cash and Cash Equivalents			$	150,578					$	150,578					$	118,996					$	118,996
Total			150,578						150,578						118,996						118,996
Liabilities:
Short-Term Debt			50,197						50,197						8,204						8,204
Long-Term Debt			823,941						698,831						823,821						681,615
Total			$	874,138					$	749,028					$	832,025					$	689,819

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- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2C
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2C

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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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
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-11

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