Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

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 June 30, 2020 and December 31, 2019:

(In thousands)	Level I		Level II		Level III		Total
At June 30, 2020:
Assets
Cash equivalents	$	350,294	$	—	$	—	$	350,294
Marketable securities	43,309		—		—		43,309
Foreign currency derivatives	—		1,955		—		1,955
Liabilities
Interest rate swap contracts	$	—	$	3,622	$	—	$	3,622
Foreign currency derivatives	—		2,876		—		2,876
At December 31, 2019:
Assets
Cash equivalents	$	191,214	$	—	$	—	$	191,214
Marketable securities	4,448		—		—		4,448
Foreign currency derivatives	—		1,884		—		1,884
Liabilities
Interest rate swap contracts	$	—	$	1,966	$	—	$	1,966
Foreign currency derivatives	—		1,888		—		1,888

Carrying Values and Fair Values of the Company's Financial Instruments

(In thousands)	June 30, 2020
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	706,099	$	694,688
4.75% Notes due August 2025	789,173		784,000
5.00% Notes due April 2024	989,817		987,500
4.75% Notes due December 2022	397,801		400,000
Other debt	6,000		6,000
	$	2,888,890	$	2,872,188

(In thousands)	December 31, 2019
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	723,560	$	724,303
4.75% Notes due August 2025	788,247		803,000
5.00% Notes due April 2024	988,609		1,020,000
4.75% Notes due December 2022	595,813		605,250
	$	3,096,229	$	3,152,553