Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

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
December 31, 2021
Forward exchange contracts—net	—	$	(1,552)	—




December 31, 2020
Forward exchange contracts—net	—	$	(111)	—

Fair Value, by Balance Sheet Grouping

The carrying and fair values of the company's financial instruments at December 31, 2021 and 2020 are as follows (in thousands):


	2021				2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
Cash and cash equivalents	$	83,745	$	83,745	$	105,298	$	105,298


Forward contracts in Other Current Assets	386		386		1,321		1,321
Forward contracts in Accrued Expenses	(1,938)		(1,938)		(1,432)		(1,432)
Total debt (including current maturities of long-term debt) *	(308,129)		(259,472)		(245,053)		(237,948)
2021 Notes	—		—		(1,242)		(1,264)
2022 Notes	(2,642)		(2,632)		(73,869)		(70,633)
Series I 2024 Notes	(72,140)		(64,897)		(62,984)		(60,035)
Series II 2024 Notes	(78,251)		(74,165)		(64,919)		(64,090)
2026 Notes	(119,036)		(81,718)		—		—
Other	(36,060)		(36,060)		(42,039)		(41,926)

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* The company's total debt is shown net of discount and fees associated with the convertible senior notes due 2021, 2022, 2024 and 2026 on the company's consolidated balance sheet. Accordingly, the fair values of the convertible senior notes due 2021, 2022, 2024 and 2026 are included in the long-term debt presented in this table are also shown net of the discount and fees. Discount balances applicable to the company's convertible senior notes were eliminated upon adoption of ASU 2020-06 on January 1, 2021, but are included in the balances above for the period prior to adoption. Total debt amounts exclude operating and finance lease obligations.