XML 68 R46.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Values (Tables)
 3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table provides a summary of the company’s assets and liabilities that are measured on a recurring basis (in thousands):
 
Basis for Fair Value Measurements at Reporting Date
Quoted Prices in Active
Markets for Identical
Assets / (Liabilities)
 
Significant Other
Observable
Inputs
 
Significant Other
Unobservable
Inputs
Level I
 
Level II
 
Level III
March 31, 2018
 
 
 
 
 
Forward exchange contracts—net
—
 
$
(1,329
)
 
—
Convertible 2021 debt conversion liability
—
 
(55,527
)
 
—
Convertible 2021 note hedge asset
—
 
48,962

 
—
Convertible 2022 debt conversion liability
—
 
(55,224
)
 
—
Convertible 2022 note hedge asset
—
 
48,919

 
—
December 31, 2017
 
 
 
 
 
Forward exchange contracts—net
—
 
$
(1,390
)
 
—
Convertible 2021 debt conversion liability
—
 
(53,154
)
 
—
Convertible 2021 note hedge asset
—
 
46,915

 
—
Convertible 2022 debt conversion liability
—
 
(53,414
)
 
—
Convertible 2022 note hedge asset
—
 
46,680

 
—
Fair Value, by Balance Sheet Grouping
The carrying values and fair values of the company’s financial instruments are as follows (in thousands):
 
March 31, 2018
 
December 31, 2017
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Cash and cash equivalents
$
150,618

 
$
150,618

 
$
176,528

 
$
176,528

Other investments
103

 
103

 
103

 
103

Installment receivables, net of reserves
1,698

 
1,698

 
1,809

 
1,809

Long-term debt (including current maturities of long-term debt) *
(246,141
)
 
(302,867
)
 
(243,445
)
 
(294,173
)
Convertible 2021 debt conversion liability in Other Long-Term Obligations
(55,527
)
 
(55,527
)
 
(53,154
)
 
(53,154
)
Convertible 2021 note hedge in Other Long-Term Assets
48,962

 
48,962

 
46,915

 
46,915

Convertible 2022 debt conversion liability in Other Long-Term Obligations
(55,224
)
 
(55,224
)
 
(53,414
)
 
(53,414
)
Convertible 2022 note hedge in Other Long-Term Assets
48,919

 
48,919

 
46,680

 
46,680

Forward contracts in Other Current Assets
1,323

 
1,323

 
730

 
730

Forward contracts in Accrued Expenses
(2,652
)
 
(2,652
)
 
(2,120
)
 
(2,120
)

________
* The company's long-term debt is shown net of discount and fees associated with the Convertible Senior Notes due 2021 and 2022 on the company's condensed consolidated balance sheet. Accordingly, the fair values of the Convertible Senior Notes due 2021 and 2022 are included in the long-term debt presented in this table is also shown net of the discount and fees.