Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The following table summarizes the fair value balances (in thousands):

			Fair Value Measurement at
			June 30, 2021
	Total		Level 1		Level 2		Level 3
Assets:
Company owned life insurance policies (1)	$	31,326	$	—	$	31,326	$	—
	$	31,326	$	—	$	31,326	$	—
Liabilities:
Deferred compensation liabilities	$	23,829	$	—	$	23,829	$	—
10 year forward interest rate swap		5,400		—		5,400		—
	$	29,229	$	—	$	29,229	$	—

			Fair Value Measurement at
			December 31, 2020
	Total		Level 1		Level 2		Level 3
Assets:
Company owned life insurance policies (1)	$	30,985	$	—	$	30,985	$	—
	$	30,985	$	—	$	30,985	$	—
Liabilities:
Deferred compensation liabilities	$	22,559	$	—	$	22,559	$	—
5 year interest rate swap		368		—		368		—
10 year interest rate swap		2,123		—		2,123		—
	$	25,050	$	—	$	25,050	$	—

(1)Company owned life insurance policies are intended to assist in the funding of the deferred compensation liabilities.