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Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured to Fair Value on Recurring Basis

The table below presents the fair values of certain financial assets and liabilities that are measured at fair value on a recurring basis in the Company's financial statements (in thousands).

Description						September 30, 2025						December 31, 2024
Assets:
Values based on Level 1 inputs:
Deferred compensation plan assets (1)						$	18,503					$	18,089
Total Level 1 inputs						18,503						18,089
Values based on Level 2 inputs:
Deferred compensation plan assets (1)						152,525						128,670
Foreign currency forward contracts (2)						43						1,852
Interest rate swap contract (3)						—						3,095
Total Level 2 inputs						152,568						133,617
Total Assets						$	171,071					$	151,706
Liabilities:
Values based on Level 2 inputs:
Deferred compensation plan liabilities (1)						$	173,994					$	148,564
Foreign currency forward contracts (2)						296						1,868
Total Level 2 inputs						174,290						150,432
Total Liabilities						$	174,290					$	150,432

(1)The Company has a deferred compensation plan for the benefit of certain highly compensated officers, managers and other key employees. The assets consist of investments in money market funds, mutual funds and company-owned life insurance contracts, which are valued based on Level 1 or Level 2 inputs. The related deferred compensation plan liabilities are recorded at fair value, or the estimated amount needed to settle the liability, which the Company considers to be a Level 2 input.

(2)The Company enters into foreign currency forward exchange contracts to hedge the effects of adverse fluctuations in foreign currency exchange rates (see Note 10 — Derivatives and Hedging). Valuation of these contracts is based on observable foreign currency exchange rates in active markets, which the Company considers to be a Level 2 input.

(3)Prior to September 30, 2025, the Company had an interest rate swap contract that hedged the risk of variability from interest payments on its borrowings (see Note 7 — Debt). The fair value of the interest rate swap was based on mark-to-market valuations prepared by a third-party broker. This valuation was based on observable interest rates from recently executed market transactions and other observable market data, which the Company considers to be Level 2 inputs. The Company independently corroborated the reasonableness of the valuations prepared by the third-party broker by using an electronic quotation service.

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The table below presents the carrying amounts (net of deferred financing costs) and fair values of financial instruments that are not recorded at fair value in the Company’s Condensed Consolidated Balance Sheets (in thousands). The estimated fair value of the financial instruments was derived from quoted market prices provided by an independent dealer, which the Company considers to be a Level 2 input.

						Carrying Amount												Fair Value
						September 30,						December 31,						September 30,						December 31,
Description						2025						2024						2025						2024
2028 Notes						$	796,240					$	795,296					$	793,520					$	780,544
2029 Notes						596,348						595,669						575,040						558,840
2030 Notes						794,787						794,089						755,920						732,200
Total						$	2,187,375					$	2,185,054					$	2,124,480					$	2,071,584

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- References

No definition available.

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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