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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Summary of Estimated Fair Values, Carrying Amounts and Classification under Fair Value Hierarchy

The following is a summary of the estimated fair values, carrying amounts, and classification under the fair value hierarchy of our financial instruments at March 31, 2024 and December 31, 2023 (in thousands):

		March 31, 2024				December 31, 2023
	Fair Value Hierarchy	Fair Value		Carrying Amount		Fair Value		Carrying Amount

Cash and cash equivalents (a)	LEVEL1/2	$	27,113	$	27,113	$	32,526	$	32,526
Deferred compensation	LEVEL 1		25,674		25,674		23,893		23,893
Short term borrowings	LEVEL 2		5,030		5,030		5,029		5,029
Long-term debt	LEVEL 2		209,872		209,872		151,182		151,182
Cash flow interest rate swap	LEVEL 2		5,820		5,820		3,939		3,939
Long-term investments	LEVEL 2		7,522		7,522		7,468		7,468

(a)

As of March 31, 2024 cash and cash equivalents consist of cash of $24.1 million and cash equivalents of $3 million, which are classified as Level 1 and Level 2, respectively, under the fair value hierarchy. As of December 31, 2023 cash and cash equivalents consist of cash of $29.5 million and cash equivalents of $3 million, which are classified as Level 1 and Level 2, respectively, under the fair value hierarchy.