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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table summarizes our assets and (liabilities) at March 31, 2025 and December 31, 2024, 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):
LevelMarch 31, 2025December 31, 2024
Assets of deferred compensation plan1$162,066 $167,170 
Available-for-sale debt securities141,081 40,999 
Other depository assets1177 176 
Deferred compensation plan obligations1(162,066)(167,170)
Interest rate swaps2946 2,681 
Bank debt2(1,528,730)(1,399,932)
Contingent purchase price liabilities3(65,963)(96,967)
Summary of Change in Level 3 Fair Values of Contingent Purchase Price Liabilities
The following table summarizes the change in Level 3 fair values of our contingent purchase price liabilities for the three months ended March 31, 2025 and 2024 (pre-tax basis, in thousands):
20252024
Beginning balance – December 31$(96,967)$(114,946)
Additions from business acquisitions(757)(13,522)
Settlement of contingent purchase price liabilities32,228 34,716 
Change in fair value of contingencies170 70 
Change in net present value of contingencies(637)(504)
Ending balance – March 31$(65,963)$(94,186)
Summary of Changes in Contingent Purchase Price Consideration
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 months ended March 31, 2025 and 2024, respectively (in thousands):
Three Months Ended March 31,
20252024
Net expense$467 $434 
Cash settlement paid$29,520 $30,957 
Shares issued (number) 3360