FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Assets and Liabilities Measured on a Recurring Basis

The following items were measured at fair value on a recurring basis:


	March 31, 2024						December 31, 2023
	Level 1		Level 2		Total		Level 1		Level 2		Total
	(In thousands)
Assets:
Fixed income securities	$	381,540	$	—	$	381,540	$	324,947	$	—	$	324,947
Commodity derivative assets	3,952		—		3,952		1,202		—		1,202
Foreign currency derivative assets	58		—		58		175		—		175
Sales contract derivative assets	—		3,055		3,055		—		960		960
Liabilities:
Commodity derivative liabilities	(8,836)		—		(8,836)		(17,118)		—		(17,118)
Foreign currency derivative liabilities	(1,181)		—		(1,181)		(723)		—		(723)

Schedule of Carrying Amounts and Estimated Fair Values of Fixed-Rate Debt Obligation

The carrying amounts and estimated fair values of our debt obligations recorded in the Condensed Consolidated Balance Sheets consisted of the following:


	March 31, 2024				December 31, 2023
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
Fixed-rate senior notes payable at 3.50%, at Level 2 inputs	$	(900,000)	$	(764,658)	$	(900,000)	$	(760,203)
Fixed-rate senior notes payable at 4.25%, at Level 2 inputs	(992,962)		(901,410)		(992,711)		(902,650)
Fixed-rate senior notes payable at 6.25%, at Level 2 inputs	(993,763)		(1,024,370)		(993,595)		(1,029,020)
Fixed-rate senior notes payable at 6.875%, at Level 2 inputs	(490,638)		(534,085)		(490,408)		(540,230)