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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 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 September 30, 2023 and December 31, 2022 classified by the input method used to measure fair value:
(in thousands) | Level 1 |  | Level 2 |  | Level 3
September 30, 2023 |  |  |  |  |
Assets: |  |  |  |  |
Investments: |  |  |  |  |
Money Market Funds | $ | 3,223 |  |  | $ | — |  |  | $ | — |
Mutual Funds | 7,289 |  |  | — |  |  | — |
Corporate Debt Securities | — |  |  | 1,498 |  |  | — |
Government-Backed and Government-Sponsored Enterprises’ Debt Securities | — |  |  | 7,488 |  |  | — |
Total Assets | $ | 10,512 |  |  | $ | 8,986 |  |  | $ | — |
Liabilities: |  |  |  |  |
Derivative Instruments | $ | — |  |  | $ | 1,452 |  |  | $ | — |
Total Liabilities | $ | — |  |  | $ | 1,452 |  |  | $ | — |
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 September 30, 2023 and December 31, 2022:
| September 30, 2023 |  | December 31, 2022
(in thousands) | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Assets: |  |  |  |  |  |  |
Cash and Cash Equivalents | $ | 189,214 |  |  | $ | 189,214 |  |  | $ | 118,996 |  |  | $ | 118,996 |
Total | 189,214 |  |  | 189,214 |  |  | 118,996 |  |  | 118,996 |
Liabilities: |  |  |  |  |  |  |
Short-Term Debt | 51,495 |  |  | 51,495 |  |  | 8,204 |  |  | 8,204 |
Long-Term Debt | 823,998 |  |  | 661,986 |  |  | 823,821 |  |  | 681,615 |
Total | $ | 875,493 |  |  | $ | 713,481 |  |  | $ | 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 + Details
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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 + Details
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