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FAIR VALUE MEASUREMENTS AND INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2024 and December 31, 2023 are summarized as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

September 30, 2024

​

​

Significant Other

​

​

Quoted Prices in

​

Observable

​

Unobservable

​

​

​

​

​

Active Markets

​

Inputs

​

Inputs

​

​

​

Description

​

(Level 1)

​

(Level 2)

​

(Level 3)

​

Total

Short term investments

​

$

310

​

$

—

​

$

—

​

$

310

Employee benefit plan investments

​

​

2,800

​

​

—

​

​

—

​

​

2,800

Interest rate swap

​

​

—

​

​

(1,962)

​

​

—

​

​

(1,962)

Alaska Communications redeemable common units

​

​

—

​

​

—

​

​

—

​

​

—

Alloy redeemable common units (1)

​

​

—

​

​

—

​

​

(10,834)

​

​

(10,834)

Warrants on Alaska Communications redeemable common units

​

​

—

​

​

—

​

​

(249)

​

​

(249)

Total assets and liabilities measured at fair value

​

$

3,110

​

$

(1,962)

​

$

(11,083)

​

$

(9,935)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2023

​

Significant Other

​

​

Quoted Prices in

​

Observable

​

Unobservable

​

​

​

​

​

Active Markets

​

Inputs

​

Inputs

​

​

​

Description

​

(Level 1)

​

(Level 2)

​

(Level 3)

​

Total

Short term investments

​

$

300

​

$

—

​

$

—

​

$

300

Other investments

​

​

—

​

​

—

​

​

1,197

​

​

1,197

Employee benefit plan investments

​

​

3,014

​

​

—

​

​

—

​

​

3,014

Interest rate swap

​

​

—

​

​

(1,750)

​

​

—

​

​

(1,750)

Alaska Communications redeemable common units

​

​

—

​

​

—

​

​

(11,063)

​

​

(11,063)

Alloy redeemable common units (1)

​

​

—

​

​

—

​

​

(14,760)

​

​

(14,760)

Warrants on Alaska Communications redeemable common units

​

​

—

​

​

—

​

​

(249)

​

​

(249)

Total assets and liabilities measured at fair value

​

$

3,314

​

$

(1,750)

​

$

(24,875)

​

$

(23,311)

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

​

​

47

​

​

195

​

​

—

​

​

242

Distributions

​

​

—

​

​

(602)

​

​

—

​

​

(602)

Sale of investment

​

​

—

​

​

(790)

​

​

—

​

​

(790)

Balance, September 30, 2024

​

$

41,757

​

$

—

​

$

—

​

$

41,757

​

​

​

​

​

​

​

​

​

​

​

​

​

Balance, December 31, 2022

​

$

22,590

​

$

1,616

​

$

13,963

​

$

38,169

Income recognized

​

​

2,430

​

​

229

​

​

93

​

​

2,752

Contributions / (distributions)

​

​

425

​

​

(567)

​

​

630

​

​

488

Foreign currency gain

​

​

—

​

​

—

​

​

229

​

​

229

Reclassification of foreign currency losses

​

​

—

​

​

—

​

​

1,349

​

​

1,349

Transfers

​

​

16,264

​

​

—

​

​

(16,264)

​

​

—

Balance, September 30, 2023

​

$

41,709

​

$

1,278

​

$

—

​

$

42,987

X

- References

No definition available.

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- Definition

Tabular disclosure of investment.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/320/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 321
-Publisher FASB
-URI https://asc.fasb.org/321/tableOfContent

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Topic 325
-Publisher FASB
-URI https://asc.fasb.org/325/tableOfContent

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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/2009/role/commonPracticeRef
-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

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-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

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