Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements Fair Value Measurements (Tables)

v3.19.1
Fair Value Measurements Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
As of March 31, 2019, the Company’s financial assets and liabilities that are measured at fair value on a recurring basis were as follows (in thousands):
 
Level 1
 
Level 2
 
Level 3
ASSETS
 
 
 
 
 
Cash, cash equivalents, restricted cash and restricted cash equivalents
$
144,144

 
$

 
$

Marketable securities(1)
33,384

 

 

Construction reserve funds
3,908

 

 

______________________
(1)
Marketable security gains (losses), net include unrealized gains of $3.1 million and unrealized losses of $3.8 million for the three months ended March 31, 2019 and 2018, respectively, related to marketable security positions held by the Company as of March 31, 2019.
Estimated Fair Value of Other Financial Assets and Liabilities
As of March 31, 2019, the estimated fair values of the Company’s other financial assets and liabilities were as follows (in thousands):
 
 
 
Estimated Fair Value
 
Carrying
Amount
 
Level 1
 
Level 2
 
Level 3
ASSETS
 
 
 
 
 
 
 
Notes receivable from third parties (included in other receivables and other assets)
$
2,027

 
$

 
$
2,020

 
$

Investments, at cost, in 50% or less owned companies (included in other assets)
4,300

 
see below
 
 
 
 
LIABILITIES
 
 
 
 
 
 
 
Long-term debt, including current portion(1)
$
323,611

 
$

 
$
335,144

 
$

______________________
(1)
The estimated fair value includes the embedded conversion options on the Company’s 3.0% Convertible Senior Notes and 3.25% Convertible Senior Notes.