Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

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

			Fair Value Measurement at
			March 31, 2020
	Total		Level 1		Level 2		Level 3
Assets:
Deferred compensation assets (1)	$	40,518	$	—	$	40,518	$	—
	$	40,518	$	—	$	40,518	$	—
Liabilities:
Deferred compensation plan	$	31,000	$	—	$	31,000	$	—
5 year interest rate swap		988		—		988		—
10 year interest rate swap		2,348		—		2,348		—
	$	34,336	$	—	$	34,336	$	—

			Fair Value Measurement at
			December 31, 2019
	Total		Level 1		Level 2		Level 3
Assets:
Deferred compensation assets (1)	$	47,009	$	—	$	47,009	$	—
5 year interest rate swap		—		—		—		—
	$	47,009	$	—	$	47,009	$	—
Liabilities:
Deferred compensation plan	$	34,081	$	—	$	34,081	$	—
10 year interest rate swap		1,054		—		1,054		—
	$	35,135	$	—	$	35,135	$	—

(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.