Fair Value (Tables)

3 Months Ended

Mar. 31, 2020

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The Company's assets and liabilities measured at fair value on a recurring basis subject to the requirements of ASC 820 consisted of the following (in thousands):

			Fair Value Measurements Using:
	Balance at		Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	March 31, 2020		Level 1		Level 2		Level 3
Assets:
Foreign currency contracts ⁽¹⁾	$	2,510	$	—	$	2,510	$	—
Equity investments held in rabbi trust for the Deferred Compensation Plan ⁽²⁾		7,020		7,020		—		—
Debt investments held in rabbi trust for the Deferred Compensation Plan ⁽²⁾		4,899		4,899		—		—
	$	14,429	$	11,919	$	2,510	$	—
Liabilities:
Foreign currency contracts ⁽¹⁾	$	697	$	—	$	697	$	—
	$	697	$	—	$	697	$	—

			Fair Value Measurements Using:
	Balance at		Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	December 31, 2019		Level 1		Level 2		Level 3
Assets:
Foreign currency contracts ⁽¹⁾	$	3,607	$	—	$	3,607	$	—
Equity investments held in rabbi trust for the Deferred Compensation Plan ⁽²⁾		9,125		9,125		—		—
Debt investments held in rabbi trust for the Deferred Compensation Plan ⁽²⁾		4,802		4,802		—		—
	$	17,534	$	13,927	$	3,607	$	—
Liabilities:
Foreign currency contracts ⁽¹⁾	$	251	$	—	$	251	$	—
	$	251	$	—	$	251	$	—

(1) See Note 7, Financial Derivatives, for the classification in the accompanying Condensed Consolidated Balance Sheets.

(2) Included in “Other current assets” in the accompanying Condensed Consolidated Balance Sheets. See Note 8, Investments Held in Rabbi Trust.

Summary of Total Impairment Losses Related to Nonrecurring Fair Value Measurements of Certain Assets

The following table summarizes the total impairment losses in the accompanying Condensed Consolidated Statements of Operations related to nonrecurring fair value measurements of certain assets (no liabilities) (none in 2020) (in thousands):

	Three Months Ended March 31, 2019
Americas:
Property and equipment, net	$	343
Operating lease right-of-use assets		1,239
	$	1,582