XML 34 R18.htm IDEA: XBRL DOCUMENT
v3.24.0.1

FAIR VALUE OF FINANCIAL INSTRUMENTS | 12 Months Ended
--- | ---
Dec. 31, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS |
FAIR VALUE OF FINANCIAL INSTRUMENTS | NOTE 9. FAIR VALUE OF FINANCIAL INSTRUMENTS The following table presents the carrying value and estimated fair value of the Company’s financial instruments not carried at fair value on the consolidated balance sheets at December 31, 2023 and 2022 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023 | ​ | December 31, 2022
​ |  | Carrying Value |  | Estimated Fair Value |  | Carrying Value |  | Estimated Fair Value
Cash and Cash Equivalents - Level 1 | ​ | $ | 10,214 | ​ | $ | 10,214 | ​ | $ | 19,333 | ​ | $ | 19,333
Restricted Cash - Level 1 | ​ | $ | 7,605 | ​ | $ | 7,605 | ​ | $ | 1,861 | ​ | $ | 1,861
Commercial Loans and Investments - Level 2 | ​ | $ | 61,849 | ​ | $ | 63,261 | ​ | $ | 31,908 | ​ | $ | 32,960
Long-Term Debt - Level 2 | ​ | $ | 495,370 | ​ | $ | 473,807 | ​ | $ | 445,583 | ​ | $ | 426,421
​ To determine estimated fair values of the financial instruments listed above, market rates of interest, which include credit assumptions, were used to discount contractual cash flows. The estimated fair values are not necessarily indicative of the amount the Company could realize on disposition of the financial instruments. The use of different market assumptions or estimation methodologies could have a material effect on the estimated fair value amounts. The following table presents the fair value of assets (liabilities) measured on a recurring basis by level as of December 31, 2023 and 2022 (in thousands). See Note 17, “Interest Rate Swaps” for further disclosure related to the Company’s interest rate swaps. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value at Reporting Date Using
​ | ​ | Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
December 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash Flow Hedge - 2026 Term Loan Interest Rate Swaps | ​ | $ | 2,813 |  | $ | — |  | $ | 2,813 |  | $ | —
Cash Flow Hedge - 2027 Term Loan Interest Rate Swaps | ​ | $ | 5,759 |  | $ | — |  | $ | 5,759 |  | $ | —
Cash Flow Hedge - 2028 Term Loan Interest Rate Swaps | ​ | $ | (1,994) |  | $ | — |  | $ | (1,994) |  | $ | —
Cash Flow Hedge - Credit Facility Interest Rate Swaps | ​ | $ | 313 |  | $ | — |  | $ | 313 |  | $ | —
Investment Securities | ​ | $ | 39,445 |  | $ | 39,445 |  | $ | — |  | $ | —
December 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash Flow Hedge - 2026 Term Loan Interest Rate Swaps | ​ | $ | 6,047 |  | $ | — |  | $ | 6,047 |  | $ | —
Cash Flow Hedge - 2027 Term Loan Interest Rate Swaps | ​ | $ | 10,111 |  | $ | — |  | $ | 10,111 |  | $ | —
Cash Flow Hedge - 2028 Term Loan Interest Rate Swaps | ​ | $ | (397) |  | $ | — |  | $ | (397) |  | $ | —
Investment Securities | ​ | $ | 42,041 |  | $ | 42,041 |  | $ | — |  | $ | —
​ No assets were measured on a non-recurring basis as of December 31, 2023 or 2022.

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration