Company: EME
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000105634-25-000078
Chunk: 102

Company: EMCOR Group, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 102
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 among other things, the maintenance of certain financial ratios and certain limitations on the payment of dividends, common stock repurchases, investments, acquisitions, indebtedness, and capital expenditures. We were in compliance with all such covenants as of September 30, 2025 and December 31, 2024.

NOTE 8 - Fair Value Measurements        

For disclosure purposes, we utilize a fair value hierarchy to categorize qualifying assets and liabilities into three broad levels based on the priority of the inputs used to determine their fair values. The hierarchy, which gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities and the lowest priority to unobservable inputs, is comprised of the following three levels:Level 1 – Unadjusted quoted prices in active markets for identical assets and liabilities.Level 2 – Observable inputs, other than Level 1 inputs, that are directly or indirectly observable for the asset or liability, including quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.Level 3 – Significant unobservable inputs that reflect the reporting entity’s own assumptions.Recurring Fair Value MeasurementsThe following tables summarize the assets and liabilities carried at fair value measured on a recurring basis as of September 30, 2025 and December 31, 2024 (in thousands):   Assets at Fair Value as of September 30, 2025Asset CategoryLevel 1Level 2Level 3TotalCash and cash equivalents (1)$655,104 $— $— $655,104 Deferred compensation plan assets (2)72,993 — — 72,993 Restricted cash (3)1,213 — — 1,213 Total$729,310 $— $— $729,310  Assets at Fair Value as of December 31, 2024Asset CategoryLevel 1Level 2Level 3TotalCash and cash equivalents (1)$1,339,550 $— $— $1,339,550 Deferred compensation plan assets (2)61,242 — — 61,242 Restricted cash (3)845 — — 845 Total$1,401,637 $— $— $1,401,637  _________________________(1)Cash and cash equivalents consist of deposit accounts and