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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements and Fair Value Hierarchy for Assets and Liabilities

Fair value measurements and the fair value hierarchy level for the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2022 and December 31, 2021 are shown below (in thousands):

						Frequency						Asset / (Liability)						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
September 30, 2022
Commodity swap contracts						Recurring						$	(6,427)					$	—					$	(6,427)					$	—
Mutual funds						Recurring						$	6,362					$	6,362					$	—					$	—
Life-insurance contracts						Recurring						$	14,474					$	—					$	14,474					$	—
December 31, 2021
Commodity swap contracts						Recurring						$	2,842					$	—					$	2,842					$	—
Mutual funds						Recurring						$	6,183					$	6,183					$	—					$	—
Life-insurance contracts						Recurring						$	18,670					$	—					$	18,670					$	—

Financial Assets and Liabilities Accounted For at Fair Value on Recurring Basis

The Company’s carrying and estimated fair value of debt at September 30, 2022 and December 31, 2021 were as follows (in thousands):

			September 30, 2022																								December 31, 2021
			Carrying Value						Fair Value																		Carrying Value						Fair Value
									Level 1						Level 2						Level 3												Level 1						Level 2						Level 3
Instrument
Senior Notes due 2028			$	395,662					$	—					$	309,020					$	—					$	395,280					$	—					$	399,727					$	—
Credit Agreement			48,000						—						48,000						—						33,035						—						33,035						—
			$	443,662					$	—					$	357,020					$	—					$	428,315					$	—					$	432,762					$	—

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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