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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present our assets (liabilities) that are required to be measured at fair value on a recurring basis as of June 30, 2018 and December 31, 2017 (in thousands):
 
 
 
Fair Value at Reporting Date Using
 
June 30, 2018
 
Level 1
 
Level 2
 
Level 3
Derivatives:
 
 
 
 
 
 
 
Foreign currency forward contracts
$
(7,074
)
 
$

 
$
(7,074
)
 
$

Interest rate swap contracts
11,261

 

 
11,261

 

Total
$
4,187

 
$

 
$
4,187

 
$

 
 
 
 
Fair Value at Reporting Date Using
 
December 31, 2017
 
Level 1
 
Level 2
 
Level 3
Derivatives:
 
 
 
 
 
 
 
Foreign currency forward contracts
$
6,213

 
$

 
$
6,213

 
$

Interest rate swap contracts
(3,170
)
 

 
(3,170
)
 

Total
$
3,043

 
$

 
$
3,043

 
$

Schedule of Fair Value and Carrying Value of Debt
The following table presents the fair value and carrying value of our senior notes and borrowings under our senior secured credit facilities as of June 30, 2018 and December 31, 2017 (in thousands):
 
 
Fair Value at
 
Carrying Value at (1)
Financial Instrument
 
June 30, 2018
 
December 31, 2017
 
June 30, 2018
 
December 31, 2017
Term Loan A
 
$
542,854

 
$
559,223

 
$
539,479

 
$
553,444

Term Loan B
 
1,871,642

 
1,890,453

 
1,865,379

 
1,873,993

Revolver, $400 million
 

 

 

 

5.375% Senior secured notes due 2023
 
536,161

 
546,563

 
530,000

 
530,000

5.25% Senior secured notes due 2023
 
505,273

 
512,500

 
500,000

 
500,000

  
______________________________
(1) Excludes net unamortized debt issuance costs.