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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule 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 September 30, 2024 and December 31, 2023 (in thousands):
September 30, 2024December 31, 2023
Fair Value
Hierarchy
Level
Fair ValueCarrying
Amount
Fair ValueCarrying
Amount
Cash and cash equivalents (a)1, 2$26,348 $26,348 $32,526 $32,526 
Deferred compensation126,855 26,855 23,893 23,893 
Short term borrowings22,685 2,685 5,029 5,029 
Long-term debt2140,163 140,163 151,182 151,182 
Cash flow hedge interest rate swap22,462 2,462 3,939 3,939 
Short-term investments27,050 7,050 — — 
Long-term investments2598 598 7,468 7,468 
Forward foreign exchange contracts2995 995 — — 
(a)As of September 30, 2024 cash and cash equivalents consist solely of cash of $26.3 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.