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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Measurements [Abstract] |
Schedule of Recurring and Nonrecurring Fair Value Measurements | The following table summarizes recurring and nonrecurring fair value measurements by level at June 30, 2024 (in thousands):
|  | Fair |  |  |  |  |  |  |  |  |  |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments |  | $ | 5,606 |  |  | $ | 5,606 |  |  | $ | — |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments |  | $ | (2,764 | ) |  | $ | (2,764 | ) |  | $ | — |  |  | $ | — |
The following table summarizes recurring and nonrecurring fair value measurements by level at December 31, 2023 (in thousands):
|  |  |  |  |  |  |  |  |  |  |  |  |  | Benefit Plan |
|  | Fair |  |  |  |  |  |  |  |  |  |  |  | Percentage |
|  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Allocation |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | 2,412 |  |  | $ | 2,412 |  |  | $ | — |  |  | $ | — |  |  |  |  |
Defined benefit plan assets(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(pooled separate accounts): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Large U.S. Equity(2) |  |  | 5,608 |  |  |  | — |  |  |  | 5,608 |  |  |  | — |  |  |  | 30 | %
Small/Mid U.S. Equity(3) |  |  | 3,350 |  |  |  | — |  |  |  | 3,350 |  |  |  | — |  |  |  | 18 | %
International Equity(4) |  |  | 2,682 |  |  |  | — |  |  |  | 2,682 |  |  |  | — |  |  |  | 15 | %
Fixed Income(5) |  |  | 6,845 |  |  |  | — |  |  |  | 6,845 |  |  |  | — |  |  |  | 37 | %
|  | $ | 20,897 |  |  | $ | 2,412 |  |  | $ | 18,485 |  |  | $ | — |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | 13,849 |  |  | $ | 13,849 |  |  | $ | — |  |  | $ | — |  |  |  |  |
| (1) | Included in other assets in the consolidated balance sheets.
| (2) | This category includes investments in funds comprised of equity securities of large U.S. companies. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the fund.
| (3) | This category includes investments in funds comprised of equity securities of small- and medium-sized U.S. companies. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the fund.
| (4) | This category includes investments in funds comprised of equity securities of foreign companies including emerging markets. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the fund.
| (5) | This category includes investments in funds comprised of U.S. and foreign investment-grade fixed income securities, high-yield fixed income securities that are rated below investment-grade, U.S. treasury securities, mortgage-backed securities, and other asset-backed securities. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the fund.

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- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + Details
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