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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2024 and December 31, 2023 (in thousands):

		June 30, 2024				December 31, 2023
	Fair Value Hierarchy Level	Fair Value		Carrying Amount		Fair Value		Carrying Amount

Cash and cash equivalents (a)	1, 2	$	26,156	$	26,156	$	32,526	$	32,526
Deferred compensation	1		25,799		25,799		23,893		23,893
Short term borrowings	2		5,030		5,030		5,029		5,029
Long-term debt	2		203,162		203,162		151,182		151,182
Cash flow interest rate swap	2		5,926		5,926		3,939		3,939
Long-term investments	2		7,573		7,573		7,468		7,468

(a)

As of June 30, 2024 cash and cash equivalents consist solely of cash of $26.2 million, which is classified as Level 1 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.