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Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2019
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, 2019

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred compensation assets (1)

 

$

47,907

 

 

$

 

 

$

47,907

 

 

$

 

5 year interest rate swap

 

 

24

 

 

 

 

 

 

24

 

 

 

 

 

 

$

47,931

 

 

$

 

 

$

47,931

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred compensation plan

 

$

36,994

 

 

$

 

 

$

36,994

 

 

$

 

10 year interest rate swap

 

 

1,082

 

 

 

 

 

 

1,082

 

 

 

 

 

 

$

38,076

 

 

$

 

 

$

38,076

 

 

$

 

 

 

 

 

 

 

 

Fair Value Measurement at

 

 

 

 

 

 

 

December 31,

2018

 

 

 

Total

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred compensation assets (1)

 

$

42,161

 

 

$

 

 

$

42,161

 

 

$

 

5 year interest rate swap

 

 

135

 

 

 

 

 

 

135

 

 

 

 

 

 

$

42,296

 

 

$

 

 

$

42,296

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred compensation plan

 

$

33,287

 

 

$

 

 

$

33,287

 

 

$

 

10 year interest rate swap

 

 

70

 

 

 

 

 

 

70

 

 

 

 

 

 

$

33,357

 

 

$

 

 

$

33,357

 

 

$

 

(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 agreements.