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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets

The Company recognized the following assets at fair value on a recurring basis in the consolidated balance sheets:

			Fair Value Measurements at Reporting Date Using
(in thousands)			Total						Level 1						Level 2						Level 3
As of September 30, 2024
Equity securities			$	—					$	—					$	—					$	—
Mutual funds(1)			43,922						43,922						—						—
Money market funds(1)			4,922						—						4,922						—
Total			$	48,844					$	43,922					$	4,922					$	—
As of December 31, 2023
Equity securities			$	116,374					$	116,374					$	—					$	—
Mutual funds(1)			36,810						36,810						—						—
Money market funds(1)			4,767						—						4,767						—
Total			$	157,951					$	153,184					$	4,767					$	—

(1) The current assets at fair value noted above are presented in prepaid expenses and other current assets in the consolidated balance sheets. The long-term assets at fair value noted above are presented in investments for employee benefit plans, at fair value in the consolidated balance sheets.

Schedule of Investments in Equity Securities

The following table is a summary of the unrealized gains and losses of the investments in equity securities:

						As of September 30, 2024																								As of December 31, 2023
(in thousands)						Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value						Cost						Gross Unrealized Gains						Gross Unrealized Losses						Estimated Fair Value
Equity securities						$	—					$	—					$	—					$	—					$	112,420					$	3,954					$	—					$	116,374

Schedule of Carrying Amounts and Fair Values

As of September 30, 2024 and December 31, 2023, the carrying amounts and the fair values were as follows:

			September 30, 2024												December 31, 2023
(in thousands)			Carrying Amount						Fair Value						Carrying Amount						Fair Value
2024 Senior Notes			$	588,471					$	618,360					$	—					$	—
2020 Senior Notes			$	446,147					$	416,219					$	445,690					$	389,241
2019 Senior Notes			$	396,891					$	379,868					$	396,440					$	355,068

X

- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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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- 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

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