Fair Value (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 and December 31, 2018 were as follows (in thousands):

	December 31, 2019								December 31, 2018
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Asset/Liability Type:
HUF Funds - restricted cash(1)	$	—	$	627	$	—	$	627	$	—	$	9	$	—	$	9
Certificate of Deposit(2),(3)	—		—		—		—		3,000		—		—		3,000
Demand Deposit(2)	2,132		—		—		2,132		7,043		—		—		7,043
Certificate of Deposit - Restricted(1)	—		705		—		705		—		432		—		432
Long-term debt(4)	—		121,075		—		121,075		—		107,860		—		107,860
Acquisition Liability(5)	—		—		838		838		—		—		—		—
Total	$	2,132	$	122,407	$	838	$	125,377	$	10,043	$	108,301	$	—	$	118,344

(1) HUF Funds - restricted cash and Certificate of Deposit - Restricted are presented on the Restricted cash line item of the Company's consolidated balance sheets. They are valued at amortized cost, which approximates fair value.

(2) Certificate of Deposit and Demand Deposit are presented on the Cash and cash equivalents line item of the Company's consolidated balance sheets. They are valued at amortized cost, which approximates fair value. The Certificate of Deposit has no withdrawal restrictions or penalties.

(3) The term of the Certificate of Deposit expired during the year ended December 31, 2019. The Company transferred the funds into a money market account which classifies as cash and cash equivalents; as such, no fair value assessment is required.

(4) The fair value of our debt was estimated based on interest rates considered available for instruments of similar terms and remaining maturities.

(5) As part of the Red Rock acquisition, the Company is required to pay to the seller a growth premium equal to $750 for each new account established within three specified growth premium areas, commencing in each area on the date of the first meter installation and ending on the earlier of ten years after such first installation date, or twenty years from the acquisition date. The fair value of the acquisition liability was calculated using a discounted cash flow technique which utilized unobservable inputs developed using the Company's estimates and assumptions. Significant inputs used in the fair value calculation are as follows: year of the first meter installation, total new accounts per year, years to complete full build out, and discount rate.