Fair Value Measurements and Interest Rate Swaps (Tables)

9 Months Ended

Sep. 30, 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 September 30,
	Input Level	Classification	2023		2022
Assets
Unrealized gains on interest rate swaps	Level 2	Other assets	$	34,854	$	36,529
Deferred compensation plan asset	Level 1	Other assets	14,075		12,567
Liabilities
Contingent consideration liabilities	Level 3	Accrued expenses and other current liabilities	$	—	$	546
Deferred compensation plan liability	Level 1	Other long-term liabilities	14,075		12,567

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	1.3260%
Interest rate swap 2	March 9, 2020	September 29, 2022	February 26, 2027	$150.0	0.6690%

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	0.7630%