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) Deferred compensation assets consist of the cash surrender value of life insurance policies and are intended to assist
in the funding of the deferred compensation liabilities.