Quarterly report pursuant to Section 13 or 15(d)

OTHER NON-CURRENT ASSETS

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OTHER NON-CURRENT ASSETS
 3 Months Ended
Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER NON-CURRENT ASSETS
NOTE 4 — OTHER NON-CURRENT ASSETS
Other non-current assets consist of the following (in thousands):
March 31, 2024 December 31, 2023
Restricted cash $ 24,455  $ 24,900 
Note receivable 24,189  24,189 
Right of use asset — operating leases 11,985  12,814 
Investment in unconsolidated entity 6,089  6,089 
Other 2,207  2,207 
Total other non-current assets $ 68,925  $ 70,199 
Restricted Cash
Restricted cash as of March 31, 2024 and December 31, 2023 represents cash collateralization of a letter of credit associated with finance leases.
Note Receivable
In February 2023, the Company issued an amended and restated promissory note due June 14, 2031 (the “Note Receivable”) to an unaffiliated entity engaged in the development of infrastructure projects in the energy industry. The outstanding principal balance of the Note Receivable as of March 31, 2024 was approximately $24.2 million. The promissory note bears interest at a rate of 6.00%, which is capitalized into the outstanding principal balance annually.