XML 50 R31.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Financial assets and liabilities measured at fair value on a recurring basis
The following fair value hierarchy table presents information about the Company's financial assets and liabilities measured at fair value on a recurring basis:
(In thousands)
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Balance as of  
 December 31, 
 2014
Assets
 

 
 

 
 

 
 

Deferred compensation plan
$
13,115

 
$

 
$

 
$
13,115

Derivative contracts

 
51,645

 
85,958

 
137,603

Total assets
$
13,115

 
$
51,645

 
$
85,958

 
$
150,718

Liabilities
 

 
 

 
 

 
 

Deferred compensation plan
$
28,932

 
$

 
$

 
$
28,932

Derivative contracts

 

 

 

Total liabilities
$
28,932

 
$

 
$

 
$
28,932

(In thousands)
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Balance as of  
 December 31, 
 2013
Assets
 

 
 

 
 

 
 

Deferred compensation plan
$
12,507

 
$

 
$

 
$
12,507

Derivative contracts

 

 
13,792

 
13,792

Total assets
$
12,507

 
$

 
$
13,792

 
$
26,299

Liabilities
 

 
 

 
 

 
 

Deferred compensation plan
$
33,211

 
$

 
$

 
$
33,211

Derivative contracts

 
6,983

 
17,702

 
24,685

Total liabilities
$
33,211

 
$
6,983

 
$
17,702

 
$
57,896

Fair Value of Financial Assets and Liabilities Classified as Level 3
The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy:
 
Year Ended December 31,
(In thousands)
2014
 
2013
 
2012
Balance at beginning of period
$
(3,910
)
 
$
41,159

 
$
195,127

Total gains (losses) (realized or unrealized):
 

 
 

 
 

Included in earnings
35,067

 
52,733

 
224,614

Included in other comprehensive income
3,755

 
(45,069
)
 
(157,478
)
Settlements
51,046

 
(52,733
)
 
(221,489
)
Transfers in and/or out of level 3

 

 
385

Balance at end of period
$
85,958

 
$
(3,910
)
 
$
41,159

 
 
 
 
 
 
Change in unrealized gains (losses) relating to assets and liabilities still held at the end of the period
$
85,958

 
$

 
$


Carrying amounts and fair values of long-term debt
The carrying amounts and fair values of debt are as follows:
 
December 31, 2014
 
December 31, 2013
(In thousands)
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
Debt
$
1,752,000

 
$
1,850,867

 
$
1,147,000

 
$
1,224,273