XML 51 R41.htm IDEA: XBRL DOCUMENT

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2021

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:


						September 30, 2021																								December 31, 2020
(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						$	36,492					$	36,492					$	—					$	—					$	58,263					$	58,263					$	—					$	—
Restricted cash						4,275						4,275						—						—						3,833						3,833						—						—


Long-term receivable						—						—						—						—						2,531						—						—						2,531

Liabilities:
Senior secured term loan						247,204						—						204,562						—						247,204						—						201,472						—
Credit Facility						20,000						—						—						20,000						—						—						—						—
Convertible debt payable to related parties						1,337						—						—						1,337						—						—						—						—

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details