Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of 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 September 30, 2021 and December 31, 2020:


(In thousands)	Level I		Level II		Level III		Total
At September 30, 2021:
Assets

Marketable securities	8,190		—		—		8,190


Foreign currency derivatives	—		300		—		300

Liabilities
Interest rate swap contracts	$	—	$	575	$	—	$	575
Foreign currency derivatives	—		3,491		—		3,491


At December 31, 2020:
Assets
Cash equivalents	$	107,494	$	—	$	—	$	107,494
Marketable securities	62,442		—		—		62,442


Foreign currency derivatives	—		667		—		667

Liabilities
Interest rate swap contracts	$	—	$	2,403	$	—	$	2,403
Foreign currency derivatives	—		3,515		—		3,515

Schedule of 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)	September 30, 2021
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	663,912	$	669,938
5.00% Notes due April 2024	397,448		406,000
4.75% Notes due August 2025	791,597		820,000
4.25% Notes due February 2029	983,605		991,800
Other debt	1,500		1,500
	$	2,838,062	$	2,889,238


(In thousands)	December 31, 2020
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	669,878	$	665,719
4.75% Notes due December 2022	398,230		400,500
5.00% Notes due April 2024	991,074		1,015,000
4.75% Notes due August 2025	790,125		826,160

	$	2,849,307	$	2,907,379