Financial Instruments (Tables)

3 Months Ended

Mar. 31, 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
			March 31, 2021
	Total		Level 1		Level 2		Level 3
Assets:
Company owned life insurance policies (1)	$	29,908	$	—	$	29,908	$	—
	$	29,908	$	—	$	29,908	$	—
Liabilities:
Deferred compensation liabilities	$	23,275	$	—	$	23,275	$	—
10 year forward interest rate swap		2,386		—		2,386		—
	$	25,661	$	—	$	25,661	$	—

			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.