v3.26.1
Fair Value Measurements and Interest Rate Swaps (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Estimated fair value of contracts

The table below presents our assets and liabilities measured and recorded at fair value on a recurring basis (in thousands):

 

 

 

 

 

 

Fair Value at June 30,

 

 

Input Level

 

Classification

 

2026

 

 

2025

 

Assets

 

 

 

 

 

 

 

 

 

 

Unrealized gains on interest rate swaps

 

Level 2

 

Prepaid expenses and other current assets

 

$

6,272

 

 

$

 

Unrealized gains on interest rate swaps

 

Level 2

 

Other assets

 

 

 

 

 

13,791

 

Deferred compensation plan asset

 

Level 1

 

Other assets

 

 

20,423

 

 

 

18,832

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

Deferred compensation plan liability

 

Level 1

 

Other long-term liabilities

 

$

20,423

 

 

$

18,832

 

Schedule of Interest Rate Derivatives

We currently have two interest rate swap contracts in place. The following table provides additional details related to these swap contracts:

 

Derivative

 

Inception Date

 

Effective Date

 

Termination
Date

 

Notional
Amount
(in millions)

 

 

Fixed Interest
Rate

Interest rate swap 1

 

March 9, 2020

 

September 29, 2022

 

February 26, 2027

 

$

150.0

 

 

0.6690%

Interest rate swap 2

 

March 9, 2020

 

February 28, 2025

 

February 26, 2027

 

$

150.0

 

 

0.7630%