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Financial Instruments and Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value Measurements for Assets and Liabilities at Fair Value on Recurring Basis
The following table summarizes fair value measurements by level at December 31, 2019 and 2018, for assets and liabilities measured at fair value on a recurring basis:
(In thousands)
Level 1
 
Level 2
 
Level 3
 
Total
December 31, 2019
 
 
 
 
 
 
 
Financial liability:
 
 
 
 
 
 
 
Interest rate swap
$

 
$
14,452

 
$

 
$
14,452

December 31, 2018
 
 
 
 
 
 
 
Financial asset:
 
 
 
 
 
 
 
Interest rate swap

 
1,683

 

 
1,683

Financial liability:
 
 
 
 
 
 
 
Interest rate swap

 
4,059

 

 
4,059


Carrying Value and Estimated Fair Values for Financial Instruments
The following table presents the carrying value, as applicable, and estimated fair values for financial instruments at December 31, 2019 and 2018:

 
December 31,
 
2019
 
2018
(In thousands)
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Financial asset:
 
 
 
 
 
 
 
Interest rate swap
$

 
$

 
$
1,683

 
$
1,683

Financial liabilities:
 
 
 
 
 
 
 
Interest rate swap
14,452

 
14,452

 
4,059

 
4,059

2023 Term A
207,261

 
206,388

 
217,791

 
218,625

2024 Term B
317,936

 
324,163

 
320,515

 
319,517