Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Assets Measured at Fair Value on a Recurring Basis, Categorized by the Level of Inputs Used in the Valuation

Derivative instruments measured at fair value on a recurring basis, categorized by the level of inputs used in the valuation, were as follows:


	Derivative Instruments at Fair Value as of March 31, 2020
(Dollars in thousands)	Level 1		Level 2		Level 3		Total⁽¹⁾
Foreign currency contracts	$	—	$	(120)	$	—	$	(120)
Copper derivative contracts	$	—	$	341	$	—	$	341
Interest rate swap contract	$	—	$	(2,944)	$	—	$	(2,944)


	Derivative Instruments at Fair Value as of December 31, 2019
(Dollars in thousands)	Level 1		Level 2		Level 3		Total⁽¹⁾
Foreign currency contracts	$	—	$	(6)	$	—	$	(6)
Copper derivative contracts	$	—	$	1,147	$	—	$	1,147
Interest rate swap contract	$	—	$	(1,254)	$	—	$	(1,254)

⁽¹⁾ All balances were recorded in the “Other current assets” or “Other accrued liabilities” line items in the condensed consolidated statements of financial position, except the 2020 and 2019 interest rate swap balance, which was recorded in the “Other long-term liabilities” line item.