XML 63 R39.htm IDEA: XBRL DOCUMENT v3.20.1
FAIR VALUE MEASUREMENTS. (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of used and related fair value for the warrants

Original Issuance  Exercise Price   Volatility   Risk Free Interest Rate   Term (years)   Warrants Outstanding   Fair Value 
12/22/19  $1.00    76.0%   1.66%   3.00    5,500,000   $977,000 
Schedule of recurring fair value measurements

                   Benefit Plan 
   Fair               Percentage 
   Value   Level 1   Level 2   Level 3   Allocation 
Assets:                    
Derivative financial instruments  $2,438   $2,438   $   $      
Long-lived assets held-for-sale   70,400              70,400      
Defined benefit plan assets(1) (pooled separate accounts):                         
Large U.S. Equity(2)   4,654        4,654        30%
Small/Mid U.S. Equity(3)   2,348        2,348        15%
International Equity(4)   2,596        2,596        17%
Fixed Income(5)   6,056        6,056        38%
   $88,492   $2,438   $15,654   $70,400      
                          
Liabilities:                         
Derivative financial instruments  $(1,860)  $(1,860)  $   $      
Warrants   (977)           (977)     
   $(2,837)  $(1,860)  $   $(977)     

 

The following table summarizes recurring fair value measurements by level at December 31, 2018 (in thousands):

 

                   Benefit Plan 
   Fair               Percentage 
   Value   Level 1   Level 2   Level 3   Allocation 
Assets:                         
Derivative financial instruments  $1,765   $1,765   $   $      
Defined benefit plan assets(1) (pooled separate accounts):                         
Large U.S. Equity(2)   3,621        3,621        27%
Small/Mid U.S. Equity(3)   1,844        1,844        14%
International Equity(4)   2,106        2,106        16%
Fixed Income(5)   5,686        5,686        43%
   $15,022   $1,765   $13,257   $      
Liabilities:                         
Derivative financial instruments  $(6,309)  $(6,309)  $   $      

 

 

(1)See Note 10 for accounting discussion.
(2)This category includes investments in funds comprised of equity securities of large U.S. companies. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the fund.

(3)This category includes investments in funds comprised of equity securities of small- and medium-sized U.S. companies. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the fund.

(4)This category includes investments in funds comprised of equity securities of foreign companies including emerging markets. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the fund.

(5)This category includes investments in funds comprised of U.S. and foreign investment-grade fixed income securities, high-yield fixed income securities that are rated below investment-grade, U.S. treasury securities, mortgage-backed securities, and other asset-backed securities. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the fund.