FAIR VALUE MEASUREMENTS AND INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2024

FAIR VALUE MEASUREMENTS AND INVESTMENTS

Schedule of assets and liabilities of the entity measured at fair value on a recurring basis

Assets and liabilities of the Company measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023 are summarized as follows (in thousands):

	March 31, 2024
	Significant Other
	Quoted Prices in		Unobservable
	Active Markets		Inputs
Description	(Level 1)		(Level 3)		Total
Short term investments	$	300	$	—	$	300
Other investments		—		1,076		1,076
Employee benefit plan investments		2,991		—		2,991
Alaska Communications redeemable common units		—		(8,419)		(8,419)
Alloy redeemable common units		—		(14,760)		(14,760)
Warrants on Alaska Communications redeemable common units		—		(249)		(249)
Total assets and liabilities measured at fair value	$	3,291	$	(22,352)	$	(19,061)

	December 31, 2023
	Significant Other
	Quoted Prices in		Unobservable
	Active Markets		Inputs
Description	(Level 1)		(Level 3)		Total
Short term investments	$	300	$	—	$	300
Other investments		—		1,197		1,197
Employee benefit plan investments		3,014		—		3,014
Alaska Communications redeemable common units		—		(11,063)		(11,063)
Alloy redeemable common units		—		(14,760)		(14,760)
Warrants on Alaska Communications redeemable common units		—		(249)		(249)
Total assets and liabilities measured at fair value	$	3,314	$	(24,875)	$	(21,561)

Schedule of investments

A roll forward of the investments is below (in thousands)

	Investments without a readily determinable fair value		Fair value investments		Equity method investments		Total
Balance, December 31, 2023	$	41,710	$	1,197	$	—	$	42,907
Income recognized		—		19		—		19
Contributions / (distributions)		—		(140)		—		(140)
Foreign currency gain		—		—		—		—
Reclassification of foreign currency losses		—		—		—		—
Transfers		—		—		—		—
Balance, March 31, 2024	$	41,710	$	1,076	$	—	$	42,786
Balance, December 31, 2022	$	22,590	$	1,616	$	13,963	$	38,169
Income recognized		—		77		238		315
Contributions / (distributions)		—		—		630		630
Foreign currency loss		—		—		111		111
Balance, March 31, 2023	$	22,590	$	1,693	$	14,942	$	39,225