| Schedule of Fair Value Hierarchy of Plan's Assets and Estimated Fair Value of Plan's Investment Funds |
The following table sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31:
|
|
|
|
|
|
|
|
|
2025 |
|
|
Level 1 |
|
|
Total |
|
|
(In Thousands) |
|
Common stock |
$ |
60,667 |
|
|
$ |
60,667 |
|
Mutual funds |
|
141,373 |
|
|
|
141,373 |
|
Collective trust fund |
|
346 |
|
|
|
346 |
|
Investments measured at NAV (a) |
|
|
|
|
838,960 |
|
Total |
|
|
|
$ |
1,041,346 |
|
|
|
|
|
|
|
|
2024 |
|
|
Level 1 |
|
|
Total |
|
|
(In Thousands) |
|
Common stock |
$ |
56,373 |
|
|
$ |
56,373 |
|
Mutual funds |
|
128,266 |
|
|
|
128,266 |
|
Investments measured at NAV (a) |
|
|
|
|
693,656 |
|
Total |
|
|
|
$ |
878,295 |
|
(a)In accordance with GAAP, certain investments that were measured at NAV per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statements of net assets available for benefits. The following table sets forth a summary of the Plan’s investment funds with a reported estimated fair value using NAV per share at December 31:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value |
|
|
|
|
|
|
2025 |
|
|
2024 |
|
Unfunded Commitment |
Redemption Frequency |
Other Redemption Restrictions |
Redemption Notice Period |
|
(In Thousands) |
|
|
|
|
|
Galliard Stable Return Fund E |
$ |
62,771 |
|
|
$ |
66,293 |
|
None |
Immediate |
None |
12-month |
BlackRock Equity Index Fund J |
|
126,461 |
|
|
|
106,076 |
|
None |
Immediate |
None |
None |
Harbor Capital Appreciation R |
|
70,339 |
|
|
|
62,958 |
|
None |
Immediate |
None |
None |
BlackRock LifePath® Portfolios Class O |
|
565,338 |
|
|
|
447,863 |
|
None |
Immediate |
None |
None |
BlackRock Mid Cap Equity Index Fund M |
|
10,582 |
|
|
|
8,536 |
|
None |
Immediate |
None |
None |
BlackRock Russell 2000 Index Fund M |
|
1,624 |
|
|
|
931 |
|
None |
Immediate |
None |
None |
BlackRock US Debt Index Fund M |
|
1,845 |
|
|
|
999 |
|
None |
Immediate |
None |
None |
Collective Trust Funds |
$ |
838,960 |
|
|
$ |
693,656 |
|
None |
Immediate |
None |
None |
|