v3.26.1
Fair Value Measurement:
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurement:
5. Fair Value Measurement:

 

The following tables present our financial assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value.

 

            Fair Value Measurements at March 31, 2026  
    Total     Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		     Significant Other
Observable
Inputs
(Level 2)		     Significant
Unobservable
Inputs
(Level 3)		  
Assets:                        
Short-term investments   $ 157,206     $ 3,621     $ 153,585     $ —  
Interest rate swaps     2,113       —       2,113       —  
                                 
Total Assets   $ 159,319     $ 3,621     $ 155,698     $ —  

















Liabilities:















Interest rate swaps
$ 26

$ —

$ 26

$ —
Foreign currency forward exchange contracts not accounted for using hedge accounting

386


—


386


—

















Total Liabilities
$ 412

$ —

$ 412

$ —


            Fair Value Measurements at December 31, 2025  
    Total     Quoted Prices in
Active Markets for
Identical Assets
(Level 1)		     Significant Other
Observable
Inputs
(Level 2)		     Significant
Unobservable
Inputs
(Level 3)		  
Assets:                        
Short-term investments   $ 137,093     $ 3,801     $ 133,292     $ —  
Interest rate swaps     1,597       —       1,597       —  
Foreign currency forward exchange contracts not accounted for using hedge accounting     498       —       498       —  
Foreign currency forward exchange contracts accounted for using hedge accounting     169       —       169       —  

















Total Assets
$

139,357

$ 3,801

$ 135,556

$ —


The carrying amount of cash and cash equivalents, short-term investments including money market funds and marketable equity securities, accounts receivable, other receivables, accounts payable and accrued expenses approximate fair value due to the short terms to maturity of these instruments. The carrying amount of loans payable approximates fair value as the interest rates on the Company’s indebtedness approximate current market rates. The fair value of the Company’s long-term debt was estimated based on the current rates offered to companies for debt with the same remaining maturities and is approximately equal to its carrying value.


Foreign currency forward exchange contracts are valued based on quotations from financial institutions and the value of interest rate swaps is the discounted net present value of the swaps using third party quotes from financial institutions.