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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Fair value measurements, recurring and nonrecurring
The following fair values are estimated using market information and what the Company believes to be appropriate valuation methodologies under GAAP:
 
 
June 30, 2019
 
December 31, 2018
(in thousands)
 
Carrying amount
 
Fair value
 
Carrying amount
 
Fair value
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
 
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
85,379

 
$
85,379

 
$

 
$

 
$
58,294

 
$
58,294

 
$

 
$

Restricted cash
 
3,741

 
3,741

 

 

 
5,752

 
5,752

 

 

Investment in equity securities
 
43,730

 
43,730

 

 

 
36,181

 
36,181

 

 

Long-term receivable (Note 3)
 
2,295

 

 

 
2,295

 
2,221

 

 

 
2,221

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Senior secured term loan
 
333,012

 

 
328,433

 

 
338,822

 

 
330,351