FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2023

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 September 30, 2023 and December 31, 2022 are shown below (in thousands):


	Frequency	Asset / (Liability)		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
September 30, 2023
Commodity swap contracts	Recurring	$	(1,833)	$	—	$	(1,833)	$	—
Mutual funds	Recurring	$	10,629	$	10,629	$	—	$	—
Life-insurance contracts	Recurring	$	16,519	$	—	$	16,519	$	—
December 31, 2022
Commodity swap contracts	Recurring	$	1,021	$	—	$	1,021	$	—
Mutual funds	Recurring	$	6,579	$	6,579	$	—	$	—
Life-insurance contracts	Recurring	$	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 September 30, 2023 and December 31, 2022 were as follows (in thousands):


	September 30, 2023								December 31, 2022
	Carrying Value		Fair Value						Carrying Value		Fair Value
			Level 1		Level 2		Level 3				Level 1		Level 2		Level 3
Instrument
Senior Notes due 2028	$	396,300	$	—	$	337,846	$	—	$	395,818	$	—	$	337,237	$	—
Revolving Credit Agreement	—		—		—		—		—		—		—		—

	$	396,300	$	—	$	337,846	$	—	$	395,818	$	—	$	337,237	$	—