FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2021

FINANCIAL INSTRUMENTS

Schedule of Fair Value, by Balance Sheet Grouping


		September 30, 2021						December 31, 2020
		Carrying			Fair			Carrying			Fair
		Amount			Value			Amount			Value

		(in thousands)
Financial assets
Redemption settlement assets, restricted		$	733,952		$	733,952		$	693,461		$	693,461
Other investments			254			254			253			253
Derivative instruments			1,890			1,890			353			353

Financial liabilities
Derivative instruments			847			847			1,505			1,505

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis


		Balance at			Fair Value Measurements at
		September 30,			September 30, 2021 Using
		2021			Level 1			Level 2			Level 3

		(in thousands)
Mutual funds ⁽¹⁾		$	26,220		$	26,220		$	—		$	—
Corporate bonds ⁽¹⁾			649,536			—			649,536			—
Marketable securities ⁽²⁾			254			254			—			—
Derivative instruments ⁽³⁾			1,890			—			1,890			—
Total assets measured at fair value		$	677,900		$	26,474		$	651,426		$	—

Derivative instruments ⁽³⁾		$	847		$	—		$	847		$	—
Total liabilities measured at fair value		$	847		$	—		$	847		$	—


		Balance at			Fair Value Measurements at
		December 31,			December 31, 2020 Using
		2020			Level 1			Level 2			Level 3

		(in thousands)
Mutual funds ⁽¹⁾		$	26,850		$	26,850		$	—		$	—
Corporate bonds ⁽¹⁾			611,184			—			611,184			—
Marketable securities ⁽²⁾			253			253			—			—
Derivative instruments ⁽³⁾			353			—			353			—
Total assets measured at fair value		$	638,640		$	27,103		$	611,537		$	—

Derivative instruments ⁽³⁾		$	1,505		$	—		$	1,505		$	—
Total liabilities measured at fair value		$	1,505		$	—		$	1,505		$	—

(1)	Amounts are included in redemption settlement assets, restricted in the unaudited condensed combined balance sheets.

(2)	Amounts are included in other current assets in the unaudited condensed combined balance sheets.

(3)	Amounts are included in other current assets and other current liabilities in the unaudited condensed combined balance sheets.