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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

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 (in thousands):


		March 31, 2025				December 31, 2024
	Fair Value Hierarchy Level	Fair Value		Carrying Amount		Fair Value		Carrying Amount
Cash and cash equivalents (a)	1/2	$	50,276	$	50,276	$	44,426	$	44,426
Deferred compensation	1	25,958		25,958		26,333		26,333
Short-term investments	2	—		—		6,956		6,956
Long-term investments	2	93		93		93		93
Cash flow hedge interest rate swaps	2	4,178		4,178		5,409		5,409
Short-term borrowings	2	23,226		23,226		27,117		27,117
Long-term debt	2	627,329		627,329		535,197		535,197

(a)As of March 31, 2025 cash and cash equivalents consist of cash of $43.4 million and cash equivalents of $6.9 million, which are classified as Level 1 and Level 2, respectively, under the fair value hierarchy. As of December 31, 2024 cash and cash equivalents consist of $44.4 million in cash, which is classified as Level 1 under the fair value hierarchy.