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Financial Instruments and Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2020
Financial Instruments and Fair Value Measurements  
Schedule of Financial Instruments Measured at Fair Value on Recurring Basis

September 30, 2020

    

    

    

    

Total Fair

Level 1

Level 2

Level 3

Value

Cash equivalents:

 

  

 

  

 

  

 

  

Money market funds

$

83,960

$

$

$

83,960

 

83,960

 

 

 

83,960

Investments - debt securities:

U.S. Treasury Bills

49,975

49,975

Corporate debt securities

60

60

49,975

60

50,035

Investments - equity securities:

Preferred stock

2,677

2,677

2,677

2,677

Restricted investments:

 

  

 

  

 

  

 

  

Short-term bond

 

1,180

 

 

 

1,180

 

1,180

 

 

 

1,180

$

135,115

$

2,737

$

$

137,852

December 31, 2019

    

    

    

    

Total Fair

Level 1

Level 2

Level 3

Value

Cash equivalents:

 

  

 

  

 

  

 

  

Money market funds

$

21,043

$

$

$

21,043

Commercial paper

 

138,220

 

 

 

138,220

U.S. Treasury Bills

6,990

6,990

 

166,253

 

 

 

166,253

Investments - debt securities:

Corporate debt securities

53

53

53

53

Investments - equity securities:

Preferred stock

9,746

9,746

9,746

9,746

 

Restricted investments:

Short-term bond

 

2,250

 

 

 

2,250

Money market fund

 

114

 

 

 

114

 

2,364

 

 

 

2,364

$

168,617

$

9,799

$

$

178,416

Schedule of Liabilities Measured at Fair Value on Recurring Basis

September 30, 2020

Location in

    

    

    

    

Total Fair

Balance Sheet

Level 1

Level 2

Level 3

Value

Derivative Liabilities:

 

  

 

  

 

  

 

  

Interest rate swap

Other liabilities

$

$

1,201

$

$

1,201

Interest rate swap - unconsolidated affiliate

Investment in unconsolidated joint ventures

843

843

$

$

2,044

$

$

2,044

December 31, 2019

Location in

    

    

    

    

Total Fair

Balance Sheet

Level 1

Level 2

Level 3

Value

Derivative Liabilities:

 

  

 

  

 

  

 

  

Interest rate swap

Other liabilities

$

$

336

$

$

336

$

$

336

$

$

336

Schedule of Carrying Amount and Fair Value Measured on Nonrecurring Basis of Financial Instruments

September 30, 2020

December 31, 2019

    

Carrying

    

Estimated

    

    

Carrying

    

Estimated

    

value

Fair value

Level

value

Fair value

Level

Assets

 

  

 

  

 

  

 

  

 

  

 

  

Investments held by SPEs:

 

  

 

  

 

  

 

  

 

  

 

  

Time deposit

$

200,000

$

200,000

 

3

$

200,000

$

200,000

 

3

U.S. Treasury Bills

$

5,718

$

6,375

 

1

$

6,382

$

6,712

 

1

Liabilities

 

 

 

  

 

  

 

  

 

  

Debt

Fixed-rate debt

$

107,916

$

117,791

2

$

89,969

$

92,276

2

Variable-rate debt

37,843

37,843

2

4,538

4,538

2

Total debt

$

145,759

$

155,634

$

94,507

$

96,814

Senior Notes held by SPE

$

177,222

$

219,370

 

3

$

177,026

$

204,347

 

3