v3.24.1.u1
FAIR VALUE (Tables)
3 Months Ended
Mar. 31, 2024
FAIR VALUE [Abstract]  
Schedule of Fair Value Derivative Assets and Liabilities

The following is a summary of the Company’s fair value measurements for its net derivative assets (liabilities) as of March 31, 2024 and December 31, 2023 (in thousands):

As of March 31, 2024

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurements Using

​

​

​

 

​

    

Quoted Prices in

    

Significant

    

​

​

    

    

​

 

​

​

Active Markets

​

Other

​

Significant

​

​

​

 

​

​

for Identical

​

Observable

​

Unobservable

​

​

​

 

​

​

Assets

​

Inputs

​

Inputs

​

​

​

 

​

​

(Level 1)

​

(Level 2)

​

(Level 3)

​

At Fair Value

 

Cash flow hedges

​

$

—

​

$

8,220

​

$

—

​

$

8,220

​

Fair value hedges

​

 

—

​

 

131

​

 

—

​

 

131

​

Total net derivative asset (liability)

​

$

—

​

$

8,351

​

$

—

​

$

8,351

​

​

As of December 31, 2023

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurements Using

​

​

​

 

​

    

Quoted Prices in

    

Significant

    

​

​

    

    

​

 

​

​

Active Markets

​

Other

​

Significant

​

​

​

 

​

​

for Identical

​

Observable

​

Unobservable

​

​

​

 

​

​

Assets

​

Inputs

​

Inputs

​

​

​

 

​

​

(Level 1)

​

(Level 2)

​

(Level 3)

​

At Fair Value

 

Cash flow hedges

​

$

—

​

$

8,531

​

$

—

​

$

8,531

​

Fair value hedges

​

 

—

​

 

207

​

 

—

​

 

207

​

Total net derivative asset (liability)

​

$

—

​

$

8,738

​

$

—

​

$

8,738

​

Schedule of Fair Value Assets and Liabilities

The following is a summary of the Company’s fair value measurements as of March 31, 2024 and December 31, 2023 (in thousands):

​

As of March 31, 2024

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurements Using

 

​

    

Quoted Prices in

    

​

​

    

Significant

 

​

​

Active Markets for

​

Significant Other

​

Unobservable

 

​

​

Identical Assets

​

Observable Inputs

​

Inputs

 

​

​

(Level 1)

​

(Level 2)

​

(Level 3)

 

Assets

​

​

​

​

​

​

​

​

​

​

Derivative instruments, net

​

$

—

​

$

8,351

​

$

—

​

Deferred compensation plan asset

​

​

33,441

​

​

—

​

​

—

​

Total assets

​

$

33,441

​

$

8,351

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities

​

​

​

​

​

​

​

​

​

​

Derivative instruments, net

​

$

—

​

$

—

​

$

—

​

Contingent consideration

​

 

—

​

 

—

​

 

(256)

​

Total liabilities

​

$

—

​

$

—

​

$

(256)

​

​

As of December 31, 2023

​

​

​

​

​

​

​

​

​

​

​

​

​

Fair Value Measurements Using

 

​

    

Quoted Prices in

    

​

​

    

Significant

 

​

​

Active Markets for

​

Significant Other

​

Unobservable

 

​

​

Identical Assets

​

Observable Inputs

​

Inputs

 

​

​

(Level 1)

​

(Level 2)

​

(Level 3)

 

Assets

​

​

​

​

​

​

​

​

​

​

Derivative instruments, net

​

$

—

​

$

8,738

​

$

—

​

Deferred compensation plan asset

​

​

31,082

​

​

—

​

​

—

​

Total assets

​

$

31,082

​

$

8,738

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

Liabilities

​

​

​

​

​

​

​

​

​

​

Derivative instruments, net

​

$

—

​

$

—

​

$

—

​

Contingent consideration

​

 

—

​

 

—

​

 

(1,496)

​

Total liabilities

​

$

—

​

$

—

​

$

(1,496)

​

Schedule of Business Acquisitions by Acquisition Contingent Consideration

A rollforward of the activity in the Company’s fair value of the contingent consideration payable is as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

​

    

​

​

    

​

​

    

Imputed

    

​

​

 

​

​

December 31,

​

​

​

​

​

​

​

Interest /

​

March 31,

 

​

​

2023

​

Acquisitions

​

Payments

​

Adjustments

​

2024

 

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Faneuil

​

$

(1,496)

​

$

—

​

$

—

​

$

1,240

​

$

(256)

​

Total

​

$

(1,496)

​

$

—

​

$

—

​

$

1,240

​

$

(256)

​

​