v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Values and Related Carrying Values of Debt At March 31, 2026, and December 31, 2025, the fair values and related carrying values of debt, including current maturities, were as follows (the fair value and carrying value amounts are presented without regard to unamortized debt issuance costs of $246,000 and $275,000 as of March 31, 2026 and December 31, 2025, respectively):

 

(In thousands)

 

March 31,
2026

 

 

December 31,
2025

 

Fair value

 

$

639,782

 

 

$

619,027

 

Carrying value

 

 

651,971

 

 

 

626,985

 

Financial Assets and Liabilities, Excluding Cash and Cash Equivalents, Measured on a Recurring Basis at Fair Value

The following tables present financial assets and liabilities, excluding cash and cash equivalents, measured on a recurring basis at fair value as of March 31, 2026, and December 31, 2025, and the level within the fair value hierarchy in which the fair value measurements fall:

 

(In thousands)

 

March 31,
2026

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

13,287

 

 

$

13,287

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

 

1,871

 

 

 

 

 

 

1,871

 

 

 

 

Foreign currency contracts

 

 

439

 

 

 

 

 

 

439

 

 

 

 

Total assets at fair value

 

$

15,597

 

 

$

13,287

 

 

$

2,310

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

1,026

 

 

$

 

 

$

1,026

 

 

$

 

 

(In thousands)

 

December 31,
2025

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

21,270

 

 

$

21,270

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

 

1,974

 

 

 

 

 

 

1,974

 

 

 

 

Foreign currency contracts

 

 

423

 

 

 

 

 

 

423

 

 

 

 

Total assets at fair value

 

$

23,667

 

 

$

21,270

 

 

$

2,397

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

340

 

 

$

 

 

$

340

 

 

$