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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Measurement of Assets and Liabilities at Fair Value on Recurring Basis
The following tables set forth the Company’s financial assets and liabilities that were measured at fair value on a recurring basis during the period, by level, within the fair value hierarchy:
 
 
As of June 30, 2016
 
Level 1
 
Level 2
 
Level 3
 
Total
Trading securities
$
1,546

 
$
—

 
$
—

 
$
1,546

Interest rate swaps
—

 
(3,223
)
 
—

 
(3,223
)
Foreign exchange forward contracts
—

 
(610
)
 
—

 
(610
)
 
 
 
 
 
 
 
 
 
As of December 31, 2015
 
Level 1
 
Level 2
 
Level 3
 
Total
Trading securities
$
2,021

 
$
—

 
$
—

 
$
2,021

Interest rate swaps
—

 
(2,564
)
 
—

 
(2,564
)
Foreign exchange forward contracts
—

 
1,695

 
—

 
1,695
Fair Value of Company's Fixed Rate Senior Notes and Junior Subordinated Debentures
The fair value of the Company's fixed rate senior notes and junior subordinated debentures as of June 30, 2016 and December 31, 2015 were determined by utilizing current trading prices obtained from indicative market data. As a result, the fair value measurements of the Company's senior term notes and debentures are considered to be Level 2.
 
 
 
June 30, 2016
 
December 31, 2015
 
 
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
6.375% Senior Notes
 
$
323,332

 
$
295,350

 
$
322,777

 
$
271,425

Junior Subordinated Debentures
 
129,186

 
140,337

 
129,707

 
131,691