FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value, Assets Measured on Recurring Basis

The following tables set forth our financial assets measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019, by level within the fair value hierarchy. Assets measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement.


	Fair Value as of		Fair Value Measurements Using Fair Value Hierarchy as of
	September 30, 2020		September 30, 2020
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets
Cash and cash equivalents	$	119,799	$	119,799	$	—	$	—	Market
Restricted cash	43,607		43,607		—		—		Market

Total assets	$	163,406	$	163,406	$	—	$	—





	Fair Value as of		Fair Value Measurements Using Fair Value Hierarchy as of
	December 31, 2019		December 31, 2019
	Total		Level 1		Level 2		Level 3		Valuation Technique
Assets
Cash and cash equivalents	$	226,512	$	226,512	$	—	$	—	Market
Restricted cash	16,005		16,005		—		—		Market
Derivative assets	181		—		—		181		Income
Total	$	242,698	$	242,517	$	—	$	181

Fair Value, by Balance Sheet Grouping

The fair value of our bonds and notes payable reported as debt, net in the Consolidated Balance Sheets are presented in the table below:


	September 30, 2020		December 31, 2019
Series 2012 Bonds (1)	$	—	$	41,450
Series 2016 Bonds (1)	—		145,143
Series A 2020 Bonds (2)	180,811		—
Series B 2020 Bonds (2)	77,971		—
Senior Notes due 2022	696,962		731,451
Senior Notes due 2025	445,365		475,884
Senior Notes due 2027	428,404		—

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(1) These bonds were defeased as part of the Jefferson Refinancing. See Note 9 for additional details.

(2) Fair value is based upon market prices for similar municipal securities.