Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

As of March 31, 2026 and December 31, 2025, assets and liabilities that are measured at fair value on a recurring basis were as follows:


	March 31, 2026
	Level 1		Level 2		Level 3		Total
Assets:
Interest rate swaps (1)	$	—	$	3,623	$	—	$	3,623
Cash surrender value of life insurance policies (2)	—		17,484		—		17,484
Total assets	$	—	$	21,107	$	—	$	21,107
Liabilities:

Deferred compensation (3)	16,037		—		—		16,037
Total liabilities	$	16,037	$	—	$	—	$	16,037


	December 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Interest rate swaps (1)	$	—	$	397	$	—	$	397
Cash surrender value of life insurance policies (2)	—		17,963		—		17,963
Total assets	$	—	$	18,360	$	—	$	18,360
Liabilities:
Interest rate swaps (1)	$	—	$	2,917	$	—	$	2,917
Deferred compensation (3)	16,379		—		$	—	$	16,379
Total liabilities	$	16,379	$	2,917	$	—	$	19,296

(1) Interest rate swaps are valued using pricing models that incorporate market interest rate curves that are observable at commonly quoted intervals for the full term of the swaps.

(2) The life insurance policies are valued based on the underlying investment assets, which are priced using observable market data.

(3) Deferred compensation liabilities are valued based on the quoted market prices associated with the underlying assumed investments that have been selected by the plan participants.

Schedule of Debt

At March 31, 2026 and December 31, 2025, the carrying value and fair value of our outstanding long-term debt was as follows:


	March 31, 2026				December 31, 2025
	Carrying Value		Fair Value		Carrying Value		Fair Value
Long-term debt (1)	$	1,519,639	$	1,523,389	$	1,525,363	$	1,539,085

(1) Excludes unamortized debt discounts and issuance costs.