June 30, 2024

December 31, 2023

(in thousands)

Carrying
Amount

Fair
Value

Carrying
Amount

Fair
Value

Derivative assets related to interest rate swaps (Level 2)

$

143,619

$

143,619

$

129,125

$

129,125

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

Term loans

$

(970,244

)

$

(967,096

)

$

(969,919

)

$

(965,718

)

Revenue bonds

(65,735

)

(65,406

)

(65,735

)

(64,786

)

Total long-term debt1

$

(1,035,979

)

$

(1,032,502

)

$

(1,035,654

)

$

(1,030,504

)

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

$

5,668

$

5,668

$

5,220

$

5,220