| Schedule of Recurring and Nonrecurring Fair Value Measurements |
The following table summarizes recurring fair
value measurements by level at December 31, 2025 (in thousands):
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefit Plan |
|
| |
|
Fair |
|
|
|
|
|
|
|
|
|
|
|
Percentage |
|
| |
|
Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Allocation |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative financial instruments |
|
$ |
525 |
|
|
$ |
525 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
| Transferable tax credits |
|
|
7,500 |
|
|
|
— |
|
|
|
— |
|
|
|
7,500 |
|
|
|
|
|
| Defined benefit plan assets(1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (pooled separate accounts): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Large U.S. Equity(2) |
|
|
8,060 |
|
|
|
— |
|
|
|
8,060 |
|
|
|
— |
|
|
|
36 |
% |
| Small/Mid U.S. Equity(3) |
|
|
3,574 |
|
|
|
— |
|
|
|
3,574 |
|
|
|
— |
|
|
|
16 |
% |
| International Equity(4) |
|
|
3,479 |
|
|
|
— |
|
|
|
3,479 |
|
|
|
— |
|
|
|
16 |
% |
| Fixed Income(5) |
|
|
6,988 |
|
|
|
— |
|
|
|
6,988 |
|
|
|
— |
|
|
|
32 |
% |
| |
|
$ |
30,126 |
|
|
$ |
525 |
|
|
$ |
22,101 |
|
|
$ |
7,500 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative financial instruments |
|
$ |
1,067 |
|
|
$ |
1,067 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
The following table summarizes recurring 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 financial instruments |
|
$ |
3,313 |
|
|
$ |
3,313 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
% |
| |
|
$ |
23,480 |
|
|
$ |
3,313 |
|
|
$ |
20,167 |
|
|
$ |
— |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative financial instruments |
|
$ |
1,177 |
|
|
$ |
1,177 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
The following table summarizes nonrecurring fair
value measurements by level at December 31, 2024 (in thousands):
| |
|
Fair |
|
|
|
|
|
|
|
|
|
|
| |
|
Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
| Long-lived assets – Magic Valley |
|
$ |
19,397 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
19,397 |
|
| (1) |
See Note 11 for accounting discussion. |
| (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. |
|