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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Values and Related Carrying Values of Debt

At September 30, 2016, and December 31, 2015, the fair values of debt and the related carrying values, including current maturities, were as follows (the fair value and carrying value amounts are presented without regard to unamortized debt issuance costs of $1,193,000 and $1,269,000 as of September 30, 2016 and December 31, 2015, respectively):

 

(In thousands)

 

September 30,

2016

 

 

December 31,

2015

 

Fair value

 

$

337,956

 

 

$

331,183

 

Carrying value

 

 

327,340

 

 

 

332,623

 

 

Financial Assets and Liabilities Measured on a Recurring Basis at Fair Value

 

The following tables present financial assets and liabilities measured on a recurring basis at fair value as of September 30, 2016, and December 31, 2015, and the level within the fair value hierarchy in which the fair value measurements fall:

 

(In thousands)

 

September

2016

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

23,162

 

 

$

23,162

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

 

450

 

 

 

 

 

 

450

 

 

 

 

Total assets at fair value

 

$

23,612

 

 

$

23,162

 

 

$

450

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

388

 

 

$

 

 

$

388

 

 

$

 

Interest rate contracts

 

 

82

 

 

 

 

 

 

82

 

 

 

 

Total liabilities at fair value

 

$

470

 

 

$

 

 

$

470

 

 

$

 

 

(In thousands)

 

December

2015

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

20,910

 

 

$

20,910

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

 

112

 

 

 

 

 

 

112

 

 

 

 

Total assets at fair value

 

$

21,022

 

 

$

20,910

 

 

$

112

 

 

$

 

Derivative liabilities :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

305

 

 

$

 

 

$

305

 

 

$

 

Interest rate contracts

 

 

53

 

 

 

 

 

 

53

 

 

 

 

Total liabilities at fair value

 

$

358

 

 

$

 

 

$

358

 

 

$