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Fair Value Measurements and Interest Rate Swaps (Tables) | 9 Months Ended
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Sep. 30, 2024
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 |  | 2024 |  | 2023
Assets |  |  |  |  |  |  |  |
Unrealized gains on interest rate swaps |  | Level 2 |  | Prepaid expenses and other current assets |  | $ | 1,905 |  |  | $ | — |
Unrealized gains on interest rate swaps |  | Level 2 |  | Other assets |  | 16,213 |  |  | 34,854 |
Deferred compensation plan asset |  | Level 1 |  | Other assets |  | 18,179 |  |  | 14,075 |
Liabilities |  |  |  |  |  |  |  |
Deferred compensation plan liability |  | Level 1 |  | Other long-term liabilities |  | $ | 18,179 |  |  | $ | 14,075 |
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%

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
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