FAIR VALUE MEASUREMENTS AND INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2025

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, 2025 and December 31, 2024 are summarized as follows (in thousands):

	March 31, 2025
	Significant Other
	Quoted Prices in		Observable		Unobservable
	Active Markets		Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Short term investments	$	395	$	—	$	—	$	395
Employee benefit plan investments		2,048		—		—		2,048
Interest rate swap		—		(410)		—		(410)
Total assets and liabilities measured at fair value	$	2,443	$	(410)	$	—	$	2,033

	December 31, 2024
	Significant Other
	Quoted Prices in		Observable		Unobservable
	Active Markets		Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Short term investments	$	300	$	—	$	—	$	300
Employee benefit plan investments		2,768		—		—		2,768
Interest rate swap		—		(723)		—		(723)
Warrants on Alaska Communications redeemable common units		—		—		(249)		(249)
Total assets and liabilities measured at fair value	$	3,068	$	(723)	$	(249)	$	2,096

Schedule of investments

As of March 31, 2025, the Company’s investments are all accounted for under the measurement alternative for investments without a readily determinable value. 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, 2024	$	41,956	$	—	$	—	$	41,956
Income recognized		—		—		—		—
Distributions		—		—		—		—
Sale of investment		—		—		—		—
Balance, March 31, 2025	$	41,956	$	—	$	—	$	41,956
Balance, December 31, 2023	$	41,710	$	1,197	$	—	$	42,907
Income recognized		—		19		—		19
Contributions / (distributions)		—		(140)		—		(140)
Balance, March 31, 2024	$	41,710	$	1,076	$	—	$	42,786