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Financial Instruments (Tables)

12 Months Ended

Dec. 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 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			$	—

		Fair Value Measurement at December 31, 2019
		Total				Level 1				Level 2				Level 3
Assets:
Company owned life insurance policies ⁽¹⁾		$	47,009			$	—			$	47,009			$	—
		$	47,009			$	—			$	47,009			$	—

Liabilities:
Deferred compensation liabilities		$	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 liabilities.