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FAIR VALUE (Tables)
 9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis
Assets and liabilities measured at fair value on a recurring basis are summarized below:
 September 30, 2023
Level 1Level 2Level 3Total
Current assets measured at fair value:(in thousands)
Cash equivalents$— $564 $— $564 
Other assets:
Life insurance policies— 36,672 — 36,672 
Interest rate swap— 3,660 — 3,660 
Total assets measured at fair value$— $40,896 $— $40,896 
 December 31, 2022
Level 1Level 2Level 3Total
Current assets measured at fair value:(in thousands)
Cash equivalents$— $78 $— $78 
Other assets:
Life insurance policies— 34,527 — 34,527 
Total assets measured at fair value$— $34,605 $— $34,605 
Accrued liabilities measured at fair value:
Contingent consideration$— $— $13,431 $13,431 
Other long-term liabilities measured at fair value:
Interest rate swap— 1,523 — 1,523 
Total liabilities measured at fair value$— $1,523 $13,431 $14,954 
The book value and fair value of the Company’s Senior Notes is summarized below:
September 30, 2023December 31, 2022
Book ValueFair ValueBook ValueFair Value
(in thousands)
4.25% Senior Notes due 2028
$500,000 $448,350 $500,000 $460,450 
3.75% Senior Notes due 2029
500,000 427,500 500,000 442,200 
4.00% Senior Notes due 2031
500,000 423,100 500,000 432,500 
Rollforward of Contingent Consideration Related to Previous Acquisitions
The following table provides a rollforward of the contingent consideration related to the Company’s acquisitions.
Nine Months Ended
September 30, 2023September 24, 2022
(in thousands)
Beginning balance$13,431 $37,244 
Payments(15,130)(11,476)
Total gains or losses (realized/unrealized):
Adjustment of previously recorded contingent liability1,810 (15,340)
Foreign currency translation(111)(1,767)
Ending balance$— $8,661