v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets and Liabilities
The following tables summarize financial assets carried at fair value, all of which were valued from readily available prices (Level 1).

Securities
Level 1
(in thousands)March 31, 2026December 31, 2025
Corporate notes and bonds$4,885 $5,334 
United States Government and agency securities1,905 1,806 
Total fair value of securities$6,790 $7,140 
The fair value of the Senior Notes due 2026 is based on readily available quoted market prices (known as "Level 1") as of March 31, 2026 and December 31, 2025:
6.50% Senior Notes ("BWNB")
(in thousands)March 31, 2026December 31, 2025
Carrying value
$69,793 $84,792 
Estimated fair value
70,072 83,435 
The fair value of the Senior Notes due 2030 is based on present value of future cash flows discounted at estimated borrowing rates for similar debt instruments or on estimated prices based on current yields for debt issues of similar quality and terms (known as "Level 2") as of March 31, 2026 and December 31, 2025:

8.75% Senior Notes
(in thousands)March 31, 2026December 31, 2025
Carrying value$129,473 $129,473 
Estimated fair value130,216 127,359