FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table summarizes our assets and (liabilities) at December 31, 2024 and 2023 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):


	Level	December 31, 2024	December 31, 2023
Deferred compensation plan assets	1	167,170	143,499
Available-for-sale debt securities	1	40,999	39,459
Other depository assets	1	176	1,031
Deferred compensation plan liabilities	1	(167,170)	(143,499)
Interest rate swaps, net	2	2,681	3,999
Bank debt	2	(1,399,932)	(310,826)
Contingent purchase price liabilities	3	(96,967)	(114,946)

Summary of Change in Level 3 Fair Values of Contingent Purchase Price Liabilities

The following table summarizes the change in fair value of our contingent purchase price liabilities identified as Level 3 for the years ended December 31, 2024 and 2023 (pre-tax basis, in thousands):


	Contingent Purchase Price Liabilities
Beginning balance — December 31, 2022	$	(132,010)
Additions from business acquisitions	(32,142)
Settlement of contingent purchase price payable	51,949
Change in fair value of contingency	62
Change in net present value of contingency	(2,805)
Balance — December 31, 2023	$	(114,946)
Additions from business acquisitions	(40,034)
Settlement of contingent purchase price payable	65,007
Change in fair value of contingency	(4,710)
Change in net present value of contingency	(2,284)
Balance — December 31, 2024	$	(96,967)