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

At December 31, 2025 and 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 $275,000 and $404,000 as of December 31, 2025 and 2024, respectively):

 

 

 

December 31

 

(In thousands)

 

2025

 

 

2024

 

Fair value

 

$

619,027

 

 

$

598,864

 

Carrying value

 

 

626,985

 

 

 

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 December 31, 2025 and 2024, and the level within the fair value hierarchy in which the fair value measurement falls:

 

(In thousands)

 

December 31,
2025

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

21,270

 

 

$

21,270

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

 

1,974

 

 

 

 

 

 

1,974

 

 

 

 

Foreign currency contracts

 

 

423

 

 

 

 

 

 

423

 

 

 

 

Total assets at fair value

 

$

23,667

 

 

$

21,270

 

 

$

2,397

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

340

 

 

$

 

 

$

340

 

 

$

 

 

 

(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

 

 

$