Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022 and December 31, 2021:


(In thousands)	Level I		Level II		Level III		Total
At March 31, 2022:
Assets
Cash equivalents	$	45,000	$	—	$	—	$	45,000
Marketable securities	10,064		—		—		10,064


Foreign currency derivatives	—		166		—		166

Liabilities

Foreign currency derivatives	—		5,927		—		5,927


At December 31, 2021:
Assets

Marketable securities	$	5,771	$	—	$	—	$	5,771


Foreign currency derivatives	—		196		—		196

Liabilities

Foreign currency derivatives	—		5,911		—		5,911

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)	March 31, 2022
	Carrying Amount		Estimated Fair Value
Debt instruments:
Term loan A facility	$	656,806	$	659,897
5.00% Notes due April 2024	397,932		398,500
4.75% Notes due August 2025	792,603		793,000
4.25% Notes due February 2029	984,588		915,000

	$	2,831,929	$	2,766,397


(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