XML 48 R37.htm IDEA: XBRL DOCUMENT v3.24.0.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Fair Values and Related Carrying Values of Debt

At December 31, 2023 and 2022, the fair values and related carrying values of debt, including current maturities, were as follows (the fair value and carrying value amounts are presented without regard to unamortized debt issuance costs of $895,000 and $686,000 as of December 31, 2023 and 2022, respectively):

 

 

 

December 31

 

(In thousands)

 

2023

 

 

2022

 

Fair value

 

$

627,695

 

 

$

541,029

 

Carrying value

 

 

655,041

 

 

 

587,826

 

 

Financial Assets and Liabilities, Excluding Cash and Cash Equivalents, Measured on a Recurring Basis at Fair Value

The following tables present financial assets and liabilities, excluding cash and cash equivalents, measured on a recurring basis at fair value as of December 31, 2023 and 2022, and the level within the fair value hierarchy in which the fair value measurement falls:

 

(In thousands)

 

December 31,
2023

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

26,804

 

 

$

26,804

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

 

6,183

 

 

 

 

 

 

6,183

 

 

 

 

Foreign currency contracts

 

 

1,018

 

 

 

 

 

 

1,018

 

 

 

 

Total assets at fair value

 

$

34,005

 

 

$

26,804

 

 

$

7,201

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

928

 

 

$

 

 

$

928

 

 

$

 

 

 

(In thousands)

 

December 31,
2022

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

23,294

 

 

$

23,294

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

 

8,357

 

 

 

 

 

 

8,357

 

 

 

 

Foreign currency contracts

 

 

513

 

 

 

 

 

 

513

 

 

 

 

Total assets at fair value

 

$

32,164

 

 

$

23,294

 

 

$

8,870

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

525

 

 

$

 

 

$

525

 

 

$