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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 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:
 
 
December 31, 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
 
$
82,741

 
$
82,741

 
$

 
$

 
$
58,294

 
$
58,294

 
$

 
$

Restricted cash
 
3,842

 
3,842

 

 

 
5,752

 
5,752

 

 

Investment in equity securities
 
42,618

 
42,618

 

 

 
36,181

 
36,181

 

 

Long-term receivable (Note 4)
 
2,371

 

 

 
2,371

 
2,221

 

 

 
2,221

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Senior secured term loan
 
293,826

 

 
277,666

 

 
338,822

 

 
330,351