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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
EBP 56-1848578 006  
Employee Benefit Plan, Investment, Fair Value and NAV [Line Items]  
Schedule of Fair Value Hierarchy of Plan's Assets and Estimated Fair Value of Plan's Investment Funds

The following table sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31:

 

 

2024

 

 

Level 1

 

 

Total

 

 

(In Thousands)

 

Common stock

$

56,373

 

 

$

56,373

 

Mutual funds

$

128,266

 

 

 

128,266

 

Investments measured at NAV (a)

 

 

 

 

693,656

 

Total

 

 

 

$

878,295

 

 

 

 

 

 

 

 

2023

 

 

Level 1

 

 

Total

 

 

(In Thousands)

 

Common stock

$

63,926

 

 

$

63,926

 

Mutual funds

$

129,260

 

 

 

129,260

 

Investments measured at NAV (a)

 

 

 

 

620,752

 

Total

 

 

 

$

813,938

 

 

(a)
In accordance with GAAP, certain investments that were measured at NAV per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statements of net assets available for benefits.

The following table sets forth a summary of the Plan’s investment funds with a reported estimated fair value using NAV per share at December 31:

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value

 

 

 

 

 

 

2024

 

 

2023

 

Unfunded Commitment

Redemption Frequency

Other Redemption Restrictions

Redemption Notice Period

 

(In Thousands)

 

 

 

 

 

Galliard Stable Return Fund E

$

66,293

 

 

$

71,681

 

None

Immediate

None

None

BlackRock Equity Index Fund J

 

106,076

 

 

 

89,976

 

None

Immediate

None

None

Harbor Capital Appreciation R

 

62,958

 

 

-

 

None

Immediate

None

None

Harbor Capital Appreciation CIT Class 2

-

 

 

 

55,001

 

None

Immediate

None

None

BlackRock LifePath® Portfolios Class O

 

447,863

 

 

 

396,383

 

None

Immediate

None

None

BlackRock Mid Cap Equity Index Fund M

 

8,536

 

 

 

6,884

 

None

Immediate

None

None

BlackRock Russell 2000 Index Fund M

 

931

 

 

 

535

 

None

Immediate

None

None

BlackRock US Debt Index Fund M

 

999

 

 

 

292

 

None

Immediate

None

None

Collective Trust Funds

$

693,656

 

 

$

620,752

 

None

Immediate

None

None