September 30, 2023

December 31, 2022

(in thousands)

Carrying
Amount

Fair
Value

Carrying
Amount

Fair
Value

Derivative assets related to interest rate swaps (Level 2)

$

166,256

$

166,256

$

144,583

$

144,583

Long-term debt, including current portion (Level 2):

Term loans

$

(969,757

)

$

(962,843

)

$

(969,269

)

$

(961,632

)

Revenue bonds

(65,735

)

(64,549

)

(65,735

)

(64,602

)

Total long-term debt1

$

(1,035,492

)

$

(1,027,392

)

$

(1,035,004

)

$

(1,026,234

)

Company owned life insurance asset (COLI) (Level 3)

$

4,923

$

4,923

$

4,311

$

4,311