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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2024 (in thousands):

																		Benefit Plan
																		Percentage
		Fair Value				Level 1				Level 2				Level 3				Allocation
Assets:
Derivative financial instruments		$	3,313			$	3,313			$	—			$	—
Long-lived assets – Magic Valley			19,397				—				—				19,397
Defined benefit plan assets(1) (pooled separate accounts):
Large U.S. Equity(2)			6,962				—				6,962				—				34	%
Small/Mid U.S. Equity(3)			3,636				—				3,636				—				18	%
International Equity(4)			2,762				—				2,762				—				14	%
Fixed Income(5)			6,807				—				6,807				—				34	%
		$	42,877			$	3,313			$	20,167			$	19,397

Liabilities:
Derivative financial instruments		$	1,177			$	1,177			$	—			$	—

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)	See Note 10 for accounting discussion.

(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.