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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Fair Value Measurements and Fair Value Hierarchy for Assets and Liabilities
Fair value measurements and the fair value hierarchy level for the Company’s assets and liabilities measured at fair value on a recurring basis as of March 31, 2023 and December 31, 2022 are shown below (in thousands):
FrequencyAsset / (Liability)Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
March 31, 2023
Commodity swap contractsRecurring$1,719 $— $1,719 $— 
Mutual fundsRecurring$8,237 $8,237 $— $— 
Life-insurance contractsRecurring$16,141 $— $16,141 $— 
December 31, 2022
Commodity swap contractsRecurring$1,021 $— $1,021 $— 
Mutual fundsRecurring$6,579 $6,579 $— $— 
Life-insurance contractsRecurring$15,509 $— $15,509 $— 
Financial Assets and Liabilities Accounted For at Fair Value on Recurring Basis
The Company’s carrying and estimated fair value of debt at March 31, 2023 and December 31, 2022 were as follows (in thousands):
March 31, 2023December 31, 2022
Carrying
Value
Fair ValueCarrying
Value
Fair Value
Level 1Level 2Level 3Level 1Level 2Level 3
Instrument
Senior Notes due 2028$395,977 $— $346,480 $— $395,818 $— $337,237 $— 
Revolving Credit Agreement— — — — — — — — 
$395,977 $— $346,480 $— $395,818 $— $337,237 $—