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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Values and Related Carrying Values of Debt

At March 31, 2025, and December 31, 2024, 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 $362,000 and $404,000 as of March 31, 2025 and December 31, 2024, respectively):

 

(In thousands)

 

March 31,
2025

 

 

December 31,
2024

 

Fair value

 

$

637,365

 

 

$

598,864

 

Carrying value

 

 

659,645

 

 

 

625,843

 

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 March 31, 2025, and December 31, 2024, and the level within the fair value hierarchy in which the fair value measurements fall:

 

(In thousands)

 

March 31,
2025

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

18,984

 

 

$

18,984

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

 

3,822

 

 

 

 

 

 

3,822

 

 

 

 

Foreign currency contracts

 

 

731

 

 

 

 

 

 

731

 

 

 

 

Total assets at fair value

 

$

23,537

 

 

$

18,984

 

 

$

4,553

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

1,018

 

 

$

 

 

$

1,018

 

 

$

 

 

(In thousands)

 

December 31,
2024

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

25,558

 

 

$

25,558

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

 

4,934

 

 

 

 

 

 

4,934

 

 

 

 

Foreign currency contracts

 

 

1,386

 

 

 

 

 

 

1,386

 

 

 

 

Total assets at fair value

 

$

31,878

 

 

$

25,558

 

 

$

6,320

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

752

 

 

$

 

 

$

752

 

 

$