Fair Value Fair Value (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value

The following table presents the Company’s financial instruments that are measured at fair value on a recurring basis:

(In thousands)	Fair Value Hierarchy	March 31, 2020		December 31, 2019
Financial Assets:
Money market funds(a)	1	$	431,314	$	223,217
Investment securities
Municipal bonds	2	$	228	$	302
Asset-backed securities	2	238		247
Mortgage-backed securities	2	171		174
Pooled investment fund measured at net asset value	(e)	5,000		5,000
Fixed-income mutual fund	1	25,265		24,737
Total investment securities		$	30,902	$	30,460
Executive deferred compensation plan trust(b)	1	$	8,799	$	7,965
Interest rate swaps(c)	2	$	—	$	2,395
Liabilities
Interest rate swaps(d)	2	$	49,812	$	19,764

^(a) The fair value is recorded in cash and cash equivalents.

^(b) The fair value is recorded in prepaid expenses and other current assets and other assets based on the timing of payment obligations. At March 31, 2020 and December 31, 2019, $0.7 million and $0.9 million of fair value is recorded within prepaid expenses and other current assets, respectively. At March 31, 2020 and December 31, 2019, $8.1 million and $7.0 million of fair value is recorded within other assets, respectively.

^(c) The fair value is recorded as a current or long-term asset within prepaid expenses and other current assets or other assets depending on the timing of expected discounted cash flows. At December 31, 2019, $2.4 million of fair value is recorded within prepaid and other current assets.

^(d) The fair value is recorded in other current liabilities or other liabilities depending on the timing of expected discounted cash flows. At March 31, 2020 and December 31, 2019, $21.0 million and $6.7 million of fair value is recorded within other current liabilities, respectively. At March 31, 2020 and December 31, 2019, $28.8 million and $13.1 million of fair value is recorded within other liabilities, respectively.

^(e) The fair value of this security is measured at net asset value as a practical expedient and has not been classified within the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the condensed consolidated balance sheets.

Pooled Investment Fund

(In thousands)	Fair Value		Unfunded Commitments	Redemption Frequency	Redemption Notice Period
Pooled investment fund, as of March 31, 2020	$	5,000	—	Monthly	30 days