5. INVESTMENTS The Company has cash equivalents and investments which are held at fair value as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements as of June 30, 2026 Using |
|
(In thousands) |
|
Fair Value |
|
|
Quoted Prices
in Active
Market for
Identical
Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant Unobservable Inputs
(Level 3) |
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
Money market funds (1) |
|
$ |
236 |
|
|
$ |
236 |
|
|
$ |
— |
|
|
$ |
— |
|
Marketable equity securities |
|
|
|
|
|
|
|
|
|
|
|
|
Marketable equity securities |
|
|
1,016 |
|
|
|
1,016 |
|
|
|
— |
|
|
|
— |
|
Deferred compensation plan assets |
|
|
39,075 |
|
|
|
39,075 |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
40,327 |
|
|
$ |
40,327 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurements as of December 31, 2025 Using |
|
(In thousands) |
Fair Value |
|
|
Quoted Prices
in Active
Market for
Identical
Assets
(Level 1) |
|
|
Significant
Other
Observable
Inputs
(Level 2) |
|
|
Significant Unobservable Inputs
(Level 3) |
|
Cash equivalents |
|
|
|
|
|
|
|
|
|
|
|
Money market funds (1) |
$ |
245 |
|
|
$ |
245 |
|
|
$ |
— |
|
|
$ |
— |
|
Marketable equity securities |
|
|
|
|
|
|
|
|
|
|
|
Marketable equity securities |
|
1,022 |
|
|
|
1,022 |
|
|
|
— |
|
|
|
— |
|
Deferred compensation plan assets |
|
35,174 |
|
|
|
35,174 |
|
|
|
— |
|
|
|
— |
|
Total |
$ |
36,441 |
|
|
$ |
36,441 |
|
|
$ |
— |
|
|
$ |
— |
|
(1)The money market fund balances of $0.2 million as of June 30, 2026 and December 31, 2025, respectively, are included in cash and cash equivalents on the balance sheet. Market prices are obtained from a variety of industry standard data providers, large financial institutions and other third-party sources. These multiple market prices are used as inputs into a distribution-curve-based algorithm to determine the daily market value of each security.
|