Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2021 and December 31, 2020:


(In thousands)	Level I		Level II		Level III		Total
At December 31, 2021:
Assets:

Marketable securities	$	5,771	$	—	$	—	$	5,771
Foreign currency derivatives	—		196		—		196
Liabilities:

Foreign currency derivatives	—		5,911		—		5,911

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 consolidated balance sheets are summarized as follows:


(In thousands)	December 31, 2021
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term Loan A Facility	$	664,581	$	670,781
5.00% Notes due April 2024	397,693		403,500
4.75% Notes due August 2025	792,098		818,000
4.25% Notes due February 2029	984,098		997,500

	$	2,838,470	$	2,889,781


(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