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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2020
FAIR VALUE MEASUREMENTS  
Schedule of interest rate swap assets and liabilities measured at fair value on a recurring basis

As of March 31, 2020

 

    

    

Quoted Prices

    

Significant

    

 

In Active

Other

Significant

 

Markets for

Observable

Unobservable

 

Identical Assets

Inputs

Inputs

 

(In thousands)

Total

(Level 1)

(Level 2)

(Level 3)

 

Current interest rate swap liabilities

$

(3,049)

 

$

$

(3,049)

 

$

Long-term interest rate swap liabilities

(38,209)

 

(38,209)

 

Total

$

(41,258)

$

$

(41,258)

$

As of December 31, 2019

 

    

    

Quoted Prices

    

Significant

    

 

In Active

Other

Significant

 

Markets for

Observable

Unobservable

 

Identical Assets

Inputs

Inputs

 

(In thousands)

Total

(Level 1)

(Level 2)

(Level 3)

 

Current interest rate swap liabilities

$

(2,565)

 

$

$

(2,565)

 

$

Long-term interest rate swap liabilities

 

(24,960)

 

 

(24,960)

 

Total

$

(27,525)

$

$

(27,525)

$

Schedule of other financial instruments that are not carried at fair value but which require fair value disclosure

As of March 31, 2020

As of December 31, 2019

 

(In thousands)

    

Carrying Value

    

Fair Value

    

Carrying Value

    

Fair Value

  

Long-term debt, excluding finance leases

$

2,221,567

$

1,943,100

$

2,262,111

$

2,125,497