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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Assets and Liabilities and Earn-Out Receivable
The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis and the level they fall within the fair value hierarchy (in thousands):
Amounts Recorded at Fair ValueFinancial Statement ClassificationFair Value HierarchyFair Value June 30, 2025Fair Value December 31, 2024
Non-COLI assets held in Deferred Supplemental Compensation Plan(a)
Other assetsLevel 1$659 $629 
Interest rate swapsOther assetsLevel 2$1,225 $4,093 
Earn-out receivable
Earn-out receivable
Level 3
$23,300 $— 
(a) Non-Company Owned Life Insurance ("COLI") assets held in the Company's deferred supplemental compensation plan consist of equity funds with fair value based on observable inputs such as quoted prices for identical assets in active markets and changes in fair value are recorded as selling, general and administrative expenses.
The following table presents the changes in the fair value of the earn-out receivable:
Earn-out Receivable
Balance as of December 31, 2024$— 
Sale date fair value of earn-out29,200 
Subsequent fair value adjustments(5,900)
Balance as of June 30, 2025$23,300