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Fair Value Measurement (Tables)
 6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table summarizes financial liabilities measured at fair value on a recurring basis:
(In Thousands)June 30, 2020December 31, 2019
 Level 1Level 2Level 3Level 1Level 2Level 3
Deferred Compensation Liability$—  $(10,657) $—  $—  $(11,201) $—  
Assets Measured at Fair Value on Nonrecurring Basis
The following table summarizes non-financial assets measured at fair value on a nonrecurring basis:
(In Thousands)June 30, 2020December 31, 2019
Level 1Level 2Level 3Level 1Level 2Level 3
Assets Held for Sale$—  $9,193  $—  $—  $10,131  $—  
Fair Value of Assets (Liabilities) Not Measured at Fair Value In Consolidated Balance Sheets
The following table summarizes the fair value of liabilities that are not measured at fair value in the condensed consolidated balance sheets, but for which the fair value is disclosed: 
(In Thousands)June 30, 2020December 31, 2019
Level 1Level 2Level 3Level 1Level 2Level 3
Fixed-Rate Long Term Debt1
$—  $(62,431) $—  $—  $(123,705) $—  
1 The fair value of fixed-rate long term debt is estimated using the present value of underlying cash flows discounted at a current market yield for similar instruments. The carrying amount of fixed-rate long term debt was $60.0 million and $120.0 million at June 30, 2020 and December 31, 2019, respectively.