Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Employee Deferred Compensation Plans

The following table presents the Company’s (income) loss from investments held in employee deferred compensation trusts (in thousands):


	Three Months Ended March 31,
		2026		2025
Dividend income		$	(1,720)	$	(1,940)
Realized and unrealized losses		9,947		22,111
(Income) loss from investments held in employee deferred compensation trusts (which is completely offset by related costs and expense)		$	8,227	$	20,171

The following table presents the Company’s decrease in employee deferred compensation costs and expense related to changes in the fair value of trust assets for its nonqualified employee deferred compensation plans (in thousands):


	Three Months Ended March 31,
		2026		2025
Decrease in employee deferred compensation costs and expense related to changes in the fair value of trust assets		$	(8,227)	$	(20,171)

Schedule of Allocation of Plan Assets

The following table summarizes the Company’s financial instruments by significant category and fair value measurement on a recurring basis (in thousands):


			Fair Value Measurements Using
	Balance at March 31, 2026		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Cash equivalents
Money market funds	$	99,880	$	99,880	—	—

Employee deferred compensation trust assets
Money market funds	$	140,884	$	140,884	—	—
Mutual funds - bonds	47,197		47,197		—	—
Mutual funds - stocks	438,552		438,552		—	—
Mutual funds - blend	132,145		132,145		—	—
Total employee deferred compensation trust assets	$	758,778	$	758,778	—	—

			Fair Value Measurements Using
	Balance at December 31, 2025		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
Cash equivalents
Money market funds	$	276,809	$	276,809	—	—

Employee deferred compensation trust assets
Money market funds	$	141,760	$	141,760	—	—
Mutual funds - bonds	44,496		44,496		—	—
Mutual funds - stocks	453,065		453,065		—	—
Mutual funds - blend	134,617		134,617		—	—
Total employee deferred compensation trust assets	$	773,938	$	773,938	—	—

Schedule of Accounts Receivable, Allowance for Credit Loss

The following table sets forth the activity in the allowance for credit losses from December 31, 2025, through March 31, 2026 (in thousands):


	Allowance for Credit Losses




Balance as of December 31, 2025	$	19,415
Charges to expense	1,611
Deductions	(1,819)
Other, including foreign currency translation adjustments	(175)
Balance as of March 31, 2026	$	19,032