| Schedule of Recurring and Nonrecurring Fair Value Measurements |
The following table summarizes recurring and nonrecurring
fair value measurements by level at September 30, 2025 (in thousands):
| |
|
Fair
Value |
|
|
Level
1 |
|
|
Level
2 |
|
|
Level
3 |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative instruments |
|
$ |
3,602 |
|
|
$ |
3,602 |
|
|
$ |
— |
|
|
$ |
— |
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative instruments |
|
$ |
(108 |
) |
|
$ |
(108 |
) |
|
$ |
— |
|
|
$ |
— |
|
The following table summarizes recurring and nonrecurring
fair value measurements by level at December 31, 2024 (in thousands):
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefit
Plan |
|
| |
|
Fair |
|
|
|
|
|
|
|
|
|
|
|
Percentage |
|
| |
|
Value |
|
|
Level
1 |
|
|
Level
2 |
|
|
Level
3 |
|
|
Allocation |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative instruments |
|
$ |
3,313 |
|
|
$ |
3,313 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
| Long-lived assets – Magic Valley |
|
|
19,397 |
|
|
|
— |
|
|
|
— |
|
|
|
19,397 |
|
|
|
|
|
| Defined benefit plan assets(1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (pooled separate accounts): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Large U.S. Equity(2) |
|
|
6,962 |
|
|
|
— |
|
|
|
6,962 |
|
|
|
— |
|
|
|
34 |
% |
| Small/Mid U.S. Equity(3) |
|
|
3,636 |
|
|
|
— |
|
|
|
3,636 |
|
|
|
— |
|
|
|
18 |
% |
| International Equity(4) |
|
|
2,762 |
|
|
|
— |
|
|
|
2,762 |
|
|
|
— |
|
|
|
14 |
% |
| Fixed Income(5) |
|
|
6,807 |
|
|
|
— |
|
|
|
6,807 |
|
|
|
— |
|
|
|
34 |
% |
| |
|
$ |
42,877 |
|
|
$ |
3,313 |
|
|
$ |
20,167 |
|
|
$ |
19,397 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative instruments |
|
$ |
(1,177 |
) |
|
$ |
(1,177 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
| (1) |
Included in other assets in the consolidated balance sheets. |
| (2) |
This category includes investments in funds comprised of equity securities of large U.S. companies. The
funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value
the fund. |
| (3) |
This category includes investments in funds comprised of equity securities of small- and medium-sized
U.S. companies. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments
is used to value the fund. |
| (4) |
This category includes investments in funds comprised of equity securities of foreign companies including
emerging markets. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments
is used to value the fund. |
| (5) |
This category includes investments in funds comprised of U.S. and foreign investment-grade fixed income
securities, high-yield fixed income securities that are rated below investment-grade, U.S. treasury securities, mortgage-backed securities,
and other asset-backed securities. The funds are valued using the net asset value method in which an average of the market prices for
the underlying investments is used to value the fund. |
|