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FAIR VALUE MEASUREMENTS
 6 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
The following table summarizes our assets and (liabilities) at June 30, 2024 and December 31, 2023, respectively, that are measured at fair value on a recurring basis subsequent to initial recognition and indicates the fair value hierarchy of the valuation techniques utilized by us to determine such fair value (in thousands):
LevelJune 30, 2024December 31, 2023
Deferred compensation plan assets1$162,133 $143,499 
Available-for-sale debt securities139,212 39,459 
Other depository assets11,571 1,031 
Deferred compensation plan liabilities1(162,133)(143,499)
Interest rate swaps24,890 3,999 
Bank debt2(379,660)(310,826)
Contingent purchase price liabilities3(83,839)(114,946)
During the six months ended June 30, 2024 and 2023, there were no transfers between the valuation hierarchy Levels 1, 2 and 3.
The following table summarizes the change in Level 3 fair values of our contingent purchase price liabilities for the six months ended June 30, 2024 and 2023 (pre-tax basis, in thousands):
20242023
Beginning balance – December 31$(114,946)$(132,010)
Additions from business acquisitions(15,184)(30,317)
Settlement of contingent purchase price liabilities46,929 33,307 
Change in fair value of contingencies423 (15)
Change in net present value of contingencies(1,061)(1,430)
Ending balance – June 30$(83,839)$(130,465)
The following table summarizes the changes in contingent purchase price consideration for previous acquisitions and contingent payments made for previous business acquisitions in the three and six months ended June 30, 2024 and 2023, respectively (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Net expense$204 $815 $638 $1,445 
Cash settlement paid$9,898 $1,373 $40,855 $29,808 
Shares issued (number) 344 9475
Refer to the Annual Report on Form 10-K for the year ended December 31, 2023 for further discussion on the fair value measurements and classification of our financial assets and liabilities.