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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Summary of financial assets at fair value
The table below sets forth, by level, the Company’s financial assets and liabilities that are accounted for at fair value on a recurring basis:
 
June 30, 2018
 
 
 
Quoted Prices in Active Markets
for Identical Assets or Liabilities
 
Significant Other Observable Inputs
 
Fair Value
 
Level 1
 
Level 2
(In thousands)
Assets:
 
 
 
 
 
Available-for-sale debt securities, included in Restricted investments, reclamation deposits and bond collateral
$
145,655

 
$
145,655

 
$

 
$
145,655

 
$
145,655

 
$



 
December 31, 2017
 
 
 
Quoted Prices in Active Markets
for Identical Assets or Liabilities
 
Significant Other Observable Inputs
 
Fair Value
 
Level 1
 
Level 2
(In thousands)
Assets:
 
 
 
 
 
Available-for-sale debt securities, included in Restricted investments, reclamation deposits and bond collateral
$
148,535

 
$
148,535

 
$

 
$
148,535

 
$
148,535

 
$

Liabilities:
 
 
 
 
 
Warrants issued by WMLP, included in Other liabilities
$
296

 
$

 
$
296

 
$
296

 
$

 
$
296

Estimated fair values of Company's debt
The estimated fair values of the Company’s debt with fixed and variable interest rates are as follows:
 
Fixed Interest Rate
 
Variable Interest Rate
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
 
(In thousands)
June 30, 2018
$
375,950

 
$
108,523

 
$
710,999

 
$
232,139

December 31, 2017
375,789

 
195,189

 
672,618

 
351,856