v3.24.3
Other (Tables)
 9 Months Ended
Sep. 30, 2024
Other Income and Expenses [Abstract]  
Schedule of Interest Income and Other, Net
Interest income and other, net, as shown in the accompanying Condensed Consolidated Statements of Operations, was as follows:
For the Quarters EndedFor the Nine Months Ended
(In thousands)September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Interest income (1)
$9,626 $6,016 $27,212 $14,182 
Interest expense(260)(280)(763)(756)
Total interest income and other, net$9,366 $5,736 $26,449 $13,426 
(1) On December 9, 2020, we entered into an agreement to lease and subsequently sell approximately four acres of land at our printing and distribution facility in College Point, N.Y., subject to certain conditions. The lease commenced on April 11, 2022. At the time of the lease expiration in February 2025, we will sell the parcel to the lessee for approximately $36 million. The transaction is accounted for as a sales-type lease and, as a result, we recognized a gain of approximately $34 million (net of commissions) at the time of lease commencement. Interest income related to this lease was $0.4 million for each of the third quarters of 2024 and 2023, and $1.3 million for each of the first nine months of 2024 and 2023.
Schedule of Reconciliation of Cash, Cash Equivalents, and Restricted Cash
A reconciliation of cash, cash equivalents and restricted cash as of September 30, 2024, and September 30, 2023, from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows:
(In thousands)September 30, 2024September 30, 2023
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents$204,620 $235,566 
Restricted cash included within miscellaneous assets14,243 14,293 
Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows$218,863 $249,859 
Schedule of Restrictions on Cash and Cash Equivalents
A reconciliation of cash, cash equivalents and restricted cash as of September 30, 2024, and September 30, 2023, from the Condensed Consolidated Balance Sheets to the Condensed Consolidated Statements of Cash Flows is as follows:
(In thousands)September 30, 2024September 30, 2023
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents$204,620 $235,566 
Restricted cash included within miscellaneous assets14,243 14,293 
Total cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows$218,863 $249,859