XML 38 R22.htm IDEA: XBRL DOCUMENT v3.24.1.u1
FAIR VALUE MEASUREMENT (Tables)
 3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring
Our assets measured at fair value on a recurring basis consisted of the following:
March 31, 2024
(in thousands)Total fair valueQuoted prices in active markets for identical assets (level 1)Significant other observable inputs (level 2)Significant unobservable inputs (level 3)
Cash and cash equivalents$36,184 $36,184 $— $— 
Restricted cash and cash equivalents35,536 35,536 — — 
Cash, cash equivalents and restricted cash and cash equivalents (1)
$71,720 $71,720 $— $— 
Municipal debt securities$28,981 $— $28,981 $— 
Corporate debt securities72,439 — 72,439 — 
Agency mortgage-backed securities12,523 — 12,523 — 
U.S. government and agency securities956 — 956 — 
Restricted investments classified as held-to-maturity (2)$114,899 $— $114,899 $— 
December 31, 2023
(in thousands)Total fair valueQuoted prices in active markets for identical assets (level 1)Significant other observable inputs (level 2)Significant unobservable inputs (level 3)
Cash and cash equivalents$61,885 $61,885 $— $— 
Restricted cash and cash equivalents37,421 37,421 — — 
Cash, cash equivalents and restricted cash and cash equivalents (1)
$99,306 $99,306 $— $— 
Municipal debt securities$31,804 $— $31,804 $— 
Corporate debt securities74,912 — 74,912 — 
Agency mortgage-backed securities13,235 — 13,235 — 
U.S. government and agency securities962 — 962 — 
Restricted investments classified as held-to-maturity (2)$120,913 $— $120,913 $— 
(1)Cash, cash equivalents and restricted cash and cash equivalents include money market funds and deposits.
(2)Refer to Note 4: Restricted Cash, Cash Equivalents and Investments for additional details on our held-to-maturity debt securities.