Fair Value Measurements and Interest Rate Swaps (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Estimated fair value of contracts

The table below presents our assets and liabilities measured and recorded at fair value on a recurring basis (in thousands):

			Fair Value at March 31,
	Input Level	Classification	2023		2022
Assets
Unrealized gains on interest rate swaps	Level 2	Other assets	$	28,970	$	18,817
Deferred compensation plan asset	Level 1	Other assets	14,014		18,338
Liabilities
Contingent consideration liabilities	Level 3	Accrued expenses and other current liabilities	$	—	$	600
Unrealized losses on interest rate swaps	Level 2	Accrued expenses and other current liabilities	—		514
Deferred compensation plan liability	Level 1	Other long-term liabilities	14,014		18,338

Schedule of Interest Rate Derivatives

The following table provides additional details related to these swap contracts:

Derivative	Inception Date	Effective Date	Termination Date	Notional Amount (in millions)	Fixed Interest Rate
Interest rate swap 1	February 5, 2020	February 26, 2021	February 28, 2025	$150.0	1.3800%
Interest rate swap 2	March 9, 2020	September 29, 2022	February 26, 2027	$150.0	0.7400%

The following table provides details related to our forward-starting interest rate swap contract:

Derivative	Inception Date	Effective Date	Termination Date	Notional Amount (in millions)	Fixed Interest Rate
Forward-starting interest rate swap	March 9, 2020	February 28, 2025	February 26, 2027	$150.0	0.8130%