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FAIR VALUE MEASUREMENTS AND INVESTMENTS (Tables) | 3 Months Ended
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Mar. 31, 2024
FAIR VALUE MEASUREMENTS AND INVESTMENTS |
Schedule of assets and liabilities of the entity measured at fair value on a recurring basis | Assets and liabilities of the Company measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023 are summarized as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2024
​ | ​ | Significant Other
​ | ​ | Quoted Prices in | ​ | Unobservable | ​ | ​ | ​
​ | ​ | Active Markets | ​ | Inputs | ​ | ​ | ​
Description | ​ | (Level 1) | ​ | (Level 3) | ​ | Total
Short term investments | ​ | $ | 300 | ​ | $ | — | ​ | $ | 300
Other investments | ​ | ​ | — | ​ | ​ | 1,076 | ​ | ​ | 1,076
Employee benefit plan investments | ​ | ​ | 2,991 | ​ | ​ | — | ​ | ​ | 2,991
Alaska Communications redeemable common units | ​ | ​ | — | ​ | ​ | (8,419) | ​ | ​ | (8,419)
Alloy redeemable common units | ​ | ​ | — | ​ | ​ | (14,760) | ​ | ​ | (14,760)
Warrants on Alaska Communications redeemable common units | ​ | ​ | — | ​ | ​ | (249) | ​ | ​ | (249)
Total assets and liabilities measured at fair value | ​ | $ | 3,291 | ​ | $ | (22,352) | ​ | $ | (19,061)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023
| ​ | Significant Other
​ | ​ | Quoted Prices in | ​ | Unobservable | ​ | ​ | ​
​ | ​ | Active Markets | ​ | Inputs | ​ | ​ | ​
Description | ​ | (Level 1) | ​ | (Level 3) | ​ | Total
Short term investments | ​ | $ | 300 | ​ | $ | — | ​ | $ | 300
Other investments | ​ | ​ | — | ​ | ​ | 1,197 | ​ | ​ | 1,197
Employee benefit plan investments | ​ | ​ | 3,014 | ​ | ​ | — | ​ | ​ | 3,014
Alaska Communications redeemable common units | ​ | ​ | — | ​ | ​ | (11,063) | ​ | ​ | (11,063)
Alloy redeemable common units | ​ | ​ | — | ​ | ​ | (14,760) | ​ | ​ | (14,760)
Warrants on Alaska Communications redeemable common units | ​ | ​ | — | ​ | ​ | (249) | ​ | ​ | (249)
Total assets and liabilities measured at fair value | ​ | $ | 3,314 | ​ | $ | (24,875) | ​ | $ | (21,561)
Schedule of investments | A roll forward of the investments is below (in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Investments without a readily determinable fair value | ​ | Fair value investments | ​ | Equity method investments | ​ | Total
Balance, December 31, 2023 | ​ | $ | 41,710 | ​ | $ | 1,197 | ​ | $ | — | ​ | $ | 42,907
Income recognized | ​ | ​ | — | ​ | ​ | 19 | ​ | ​ | — | ​ | ​ | 19
Contributions / (distributions) | ​ | ​ | — | ​ | ​ | (140) | ​ | ​ | — | ​ | ​ | (140)
Foreign currency gain | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Reclassification of foreign currency losses | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Transfers | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Balance, March 31, 2024 | ​ | $ | 41,710 | ​ | $ | 1,076 | ​ | $ | — | ​ | $ | 42,786
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance, December 31, 2022 | ​ | $ | 22,590 | ​ | $ | 1,616 | ​ | $ | 13,963 | ​ | $ | 38,169
Income recognized | ​ | ​ | — | ​ | ​ | 77 | ​ | ​ | 238 | ​ | ​ | 315
Contributions / (distributions) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 630 | ​ | ​ | 630
Foreign currency loss | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 111 | ​ | ​ | 111
Balance, March 31, 2023 | ​ | $ | 22,590 | ​ | $ | 1,693 | ​ | $ | 14,942 | ​ | $ | 39,225

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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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