Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2017

Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following table presents for each of these hierarchy levels, the Company’s financial assets and liabilities that are measured at fair value on a recurring basis at March 31, 2017 and December 31, 2016:



(In thousands)	Level I		Level II		Level III		Total
At March 31, 2017:
Assets:
Cash equivalents	$	28,022	$	—	$	—	$	28,022
Available for sale securities	9,785		—		—		9,785
Interest rate swap contracts	—		1,790		—		1,790
Foreign currency derivatives	—		5,370		—		5,370
Other derivatives	—		2,204		21,221		23,425
Liabilities:
Interest rate swap contracts	$	—	$	392	$	—	$	392
Foreign currency derivatives	—		2,571		—		2,571
At December 31, 2016:
Assets:
Cash equivalents	$	65,384	$	—	$	—	$	65,384
Interest rate swap contracts	—		1,471		—		1,471
Foreign currency derivatives	—		6,096		—		6,096
Other derivatives	—		—		12,308		12,308
Liabilities:
Interest rate swap contracts	$	—	$	762	$	—	$	762
Foreign currency derivatives	—		3,147		—		3,147

Carrying Values And Fair Values Of The Company's Financial Instruments

The carrying values and estimated fair values of the Company’s financial instruments, excluding those that are carried at fair value in the condensed consolidated balance sheets, are summarized as follows:



(In thousands)	March 31, 2017
(In thousands)	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A Facility	$	1,191,165	$	1,202,500
5.00% Notes due April 2024	982,456		1,003,750
4.75% Notes due December 2022	592,423		603,750
	$	2,766,044	$	2,810,000



(In thousands)	December 31, 2016
(In thousands)	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A Facility	$	1,245,175	$	1,254,855
5.00% Notes due April 2024	981,949		1,002,500
4.75% Notes due December 2022	592,139		606,000
	$	2,819,263	$	2,863,355