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Financial Instruments and Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurement Information about Long-term Debt

The following table summarizes the fair value measurement information about the Company’s long-term debt:

 

 

 

September 30, 2019

 

 

Carrying

 

 

Fair

 

 

Fair Value

(In thousands)

 

Amount

 

 

Value

 

 

Hierarchy

Term loans

 

$

772,000

 

 

$

775,358

 

 

Level 2

Senior notes due 2026

 

 

375,000

 

 

 

390,938

 

 

Level 2

Finance lease liabilities

 

 

11,569

 

 

 

11,569

 

 

Level 3

Notes payable

 

 

4,748

 

 

 

4,748

 

 

Level 3

Total debt

 

$

1,163,317

 

 

$

1,182,613

 

 

 

 

 

 

December 31, 2018

 

 

Carrying

 

 

Fair

 

 

Fair Value

(In thousands)

 

Amount

 

 

Value

 

 

Hierarchy

Term loans

 

$

992,000

 

 

$

952,300

 

 

Level 2

Finance lease liabilities

 

 

7,127

 

 

 

7,127

 

 

Level 3

Notes payable

 

 

1,111

 

 

 

1,111

 

 

Level 3

Total debt

 

$

1,000,238

 

 

$

960,538