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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 3 Months Ended
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Mar. 31, 2024
FAIR VALUE OF FINANCIAL INSTRUMENTS |
Schedule of carrying value and estimated 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 March 31, 2024 and December 31, 2023 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2024 | ​ | December 31, 2023
​ |  | Carrying Value |  | Estimated Fair Value |  | Carrying Value |  | Estimated Fair Value
Cash and Cash Equivalents - Level 1 | ​ | $ | 6,760 | ​ | $ | 6,760 | ​ | $ | 10,214 | ​ | $ | 10,214
Restricted Cash - Level 1 | ​ | $ | 8,057 | ​ | $ | 8,057 | ​ | $ | 7,605 | ​ | $ | 7,605
Commercial Loans and Investments - Level 2 | ​ | $ | 66,552 | ​ | $ | 68,156 | ​ | $ | 61,849 | ​ | $ | 63,261
Long-Term Debt - Level 2 | ​ | $ | 542,020 | ​ | $ | 523,310 | ​ | $ | 495,370 | ​ | $ | 473,807
Schedule of fair value of assets measured on recurring basis by Level | The following table presents the fair value of assets measured on a recurring basis by level as of March 31, 2024 and December 31, 2023 (in thousands). See Note 16, “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)
March 31, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash Flow Hedge - 2026 Term Loan Interest Rate Swaps | ​ | $ | 3,491 |  | $ | — |  | $ | 3,491 |  | $ | —
Cash Flow Hedge - 2027 Term Loan Interest Rate Swaps | ​ | $ | 7,170 |  | $ | — |  | $ | 7,170 |  | $ | —
Cash Flow Hedge - 2028 Term Loan Interest Rate Swaps | ​ | $ | 372 |  | $ | — |  | $ | 372 |  | $ | —
Cash Flow Hedge - Credit Facility Interest Rate Swaps | ​ | $ | 3,371 |  | $ | — |  | $ | 3,371 |  | $ | —
Investment Securities | ​ | $ | 35,643 |  | $ | 35,643 |  | $ | — |  | $ | —
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 |  | $ | — |  | $ | —
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- 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 -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 -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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