As of March 31, 2025

Description

Level 1

Level 2

Level 3

Total

Cash equivalents

Money market mutual funds (1)

$

85,709

$

-

$

-

$

85,709

Rabbi trust-owned life insurance policies (at cash surrender value) (2)

-

2,731

-

2,731

Total assets

$

85,709

$

2,731

$

-

$

88,440

Other long-term liabilities

Deferred compensation

$

-

$

2,373

$

-

2,373

Total liabilities

$

-

$

2,373

$

-

$

2,373

As of December 31, 2024

Description

Level 1

Level 2

Level 3

Total

Cash equivalents

Money market mutual funds (1)

$

72,686

$

-

$

-

$

72,686

Rabbi trust-owned life insurance policies (at cash surrender value) (2)

-

2,756

-

2,756

Total assets

$

72,686

$

2,756

$

-

$

75,442

Other long-term liabilities

Deferred compensation

$

-

$

2,393

$

-

2,393

Total liabilities

$

-

$

2,393

$

-

$

2,393

(1)

Money market funds are classified as cash equivalents in the Company’s unaudited consolidated balance sheets. As short-term, highly liquid investments readily convertible to known amounts of cash with remaining maturities of three months or

less at the time of purchase, the Company’s cash equivalent money market funds have carrying values that approximate fair value.

(2)

Fair value of insurance policies represents their cash surrender value based on the underlying investments in the account which is determined based on quoted prices for identical or similar financial instruments in active markets.