Company: EME
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000105634-25-000046
Chunk: 101

Company: EMCOR Group, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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 the assets and liabilities carried at fair value measured on a recurring basis as of June 30, 2025 and December 31, 2024 (in thousands):   Assets at Fair Value as of June 30, 2025Asset CategoryLevel 1Level 2Level 3TotalCash and cash equivalents (1)$485,988 $— $— $485,988 Deferred compensation plan assets (2)72,351 — — 72,351 Restricted cash (3)1,173 — — 1,173 Total$559,512 $— $— $559,512  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 money market funds with original maturity dates of three months or less, which are Level 1 assets. At June 30, 2025 and December 31, 2024, we had $261.0 million and $1,088.0 million, respectively, in money market funds. From time to time, we have cash balances in certain of our domestic bank accounts that exceed federally insured limits.(2)Deferred compensation plan assets are classified as “Other assets” in the Consolidated Balance Sheets.(3)Restricted cash is classified as “Prepaid expenses and other” in the Consolidated Balance Sheets. Restricted cash represents cash held in account for use on customer contracts. 

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Table of ContentsEMCOR Group, Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)

NOTE 8 - Fair Value Measurements (Continued)Nonrecurring Fair Value MeasurementsWe have recorded goodwill and identifiable intangible assets in connection with our business acquisitions. Such assets are measured at fair value at the time of acquisition based on valuation techniques that appropriately represent the methods which would be used by other market participants in determining fair value. We determine the fair value of our trade name intangible assets by utilizing the relief from royalty payments methodology. This approach involves two