Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurement, Valuation Framework and Measurement Input

The fair value accounting guidance outlines a valuation framework, creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures, and prioritizes the inputs used in measuring fair value as follows:

Level 1:	Observable inputs such as quoted prices in active markets;
Level 2:	Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and
Level 3:	Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions.

Financial Assets and (Liabilities) Measured at Fair Value

Financial assets (liabilities) measured at fair value on a recurring basis are set forth in the table below:

	September 30, 2020						December 31, 2019						September 30, 2019
(In thousands)	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Derivative foreign currency contracts (see Note 11)	$	—	$	(203)	$	—	$	—	$	(7,151)	$	—	$	—	$	18,695	$	—
TOLI policies held by the Rabbi Trust	—		7,229		—		—		6,543		—		—		6,139		—
Deferred Compensation Plan obligations	—		(13,113)		—		—		(10,839)		—		—		(10,269)		—