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FAIR VALUE (Tables)
6 Months Ended
Jun. 30, 2024
FAIR VALUE [Abstract]  
Schedule of Fair Value Derivative Assets and Liabilities

The following is a summary of the Company’s fair value measurements for its net derivative assets (liabilities) as of June 30, 2024 and December 31, 2023 (in thousands):

As of June 30, 2024

Fair Value Measurements Using

 

    

Quoted Prices in

    

Significant

    

    

    

 

Active Markets

Other

Significant

 

for Identical

Observable

Unobservable

 

Assets

Inputs

Inputs

 

(Level 1)

(Level 2)

(Level 3)

At Fair Value

 

Cash flow hedges

$

$

(633)

$

$

(633)

Fair value hedges

 

 

63

 

 

63

Total net derivative asset (liability)

$

$

(570)

$

$

(570)

As of December 31, 2023

Fair Value Measurements Using

 

    

Quoted Prices in

    

Significant

    

    

    

 

Active Markets

Other

Significant

 

for Identical

Observable

Unobservable

 

Assets

Inputs

Inputs

 

(Level 1)

(Level 2)

(Level 3)

At Fair Value

 

Cash flow hedges

$

$

8,531

$

$

8,531

Fair value hedges

 

 

207

 

 

207

Total net derivative asset (liability)

$

$

8,738

$

$

8,738

Schedule of Fair Value Assets and Liabilities

The following is a summary of the Company’s fair value measurements as of June 30, 2024 and December 31, 2023 (in thousands):

As of June 30, 2024

Fair Value Measurements Using

 

    

Quoted Prices in

    

    

Significant

 

Active Markets for

Significant Other

Unobservable

 

Identical Assets

Observable Inputs

Inputs

 

(Level 1)

(Level 2)

(Level 3)

 

Assets

Derivative instruments, net

$

$

$

Deferred compensation plan asset

35,274

Total assets

$

35,274

$

$

Liabilities

Derivative instruments, net

$

$

(570)

$

Contingent consideration

 

 

 

(449)

Total liabilities

$

$

(570)

$

(449)

As of December 31, 2023

Fair Value Measurements Using

 

    

Quoted Prices in

    

    

Significant

 

Active Markets for

Significant Other

Unobservable

 

Identical Assets

Observable Inputs

Inputs

 

(Level 1)

(Level 2)

(Level 3)

 

Assets

Derivative instruments, net

$

$

8,738

$

Deferred compensation plan asset

31,082

Total assets

$

31,082

$

8,738

$

Liabilities

Derivative instruments, net

$

$

$

Contingent consideration

 

 

 

(1,496)

Total liabilities

$

$

$

(1,496)

Schedule of Business Acquisitions by Acquisition Contingent Consideration

A rollforward of the activity in the Company’s fair value of the contingent consideration payable is as follows (in thousands):

    

    

    

    

Imputed

    

 

December 31,

Interest /

June 30,

 

2023

Acquisitions

Payments

Adjustments

2024

 

Faneuil

$

(1,496)

$

$

$

1,047

$

(449)

Total

$

(1,496)

$

$

$

1,047

$

(449)