XML 42 R31.htm IDEA: XBRL DOCUMENT v3.19.1
FAIR VALUE (Tables)
3 Months Ended
Mar. 31, 2019
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, 2019 and December 31, 2018 (in thousands):

As of March 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 

$

(7,137)

 

$

 

$

(7,137)

 

Fair value hedges

 

 

 

 

(1)

 

 

 

 

(1)

 

Total net derivative asset (liability)

 

$

 

$

(7,138)

 

$

 

$

(7,138)

 

 

As of December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 

$

(11,316)

 

$

 

$

(11,316)

 

Fair value hedges

 

 

 

 

(44)

 

 

 

 

(44)

 

Total net derivative asset (liability)

 

$

 —

 

$

(11,360)

 

$

 —

 

$

(11,360)

 

 

Schedule of Fair Value Assets and Liabilities

The following is a summary of the Company’s fair value measurements as of March 31, 2019 and December 31, 2018 (in thousands):

 

As of March 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 

$

 

$

 

Total assets

 

$

 

$

 

$

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

Deferred compensation plan liability

 

$

 

$

(16,780)

 

$

 

Derivative instruments, net

 

 

 

 

(7,138)

 

 

 

Contingent consideration

 

 

 

 

 —

 

 

(2,456)

 

Total liabilities

 

$

 —

 

$

(23,918)

 

$

(2,456)

 

 

As of December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

 

$

 

$

 

Total assets

 

$

 

$

 

$

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

Deferred compensation plan liability

 

$

 

$

(14,836)

 

$

 

Derivative instruments, net

 

 

 

 

(11,360)

 

 

 

Contingent consideration

 

 

 

 

 

 

(2,363)

 

Total liabilities

 

$

 —

 

$

(26,196)

 

$

(2,363)

 

 

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,

 

 

 

2018

 

Acquisitions

 

Payments

 

Adjustments

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCS

 

$

2,363

 

$

 —

 

$

 —

 

$

93

 

$

2,456

 

Total

 

$

2,363

 

$

 —

 

$

 —

 

$

93

 

$

2,456