Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Assets and Liabilities Measured at Fair Value

The Company’s assets and liabilities measured or disclosed at fair value are as follows:



		Fair Value
	Fair Value Hierarchy	December 31,
	Fair Value Hierarchy	2019		2018
		(In thousands)
Measured at fair value on a recurring basis:
Interest rate swap asset	Level 2	$	2,936	$	—
Interest rate swap liability	Level 2	3,507		—
Cross-currency swap asset	Level 2	1,404		2,283
Foreign exchange forward contract asset	Level 2	2,546		—
Foreign exchange forward contract liability	Level 2	2,589		—
Assets held by various pension plans:
	Level 1	35,317		30,281
	Level 2	33,991		29,456
Disclosed at fair value:
Mortgage notes, senior unsecured notes and term loan⁽¹⁾	Level 3	$	1,783,463	$	1,365,812

⁽¹⁾The carrying value of mortgage notes, senior unsecured notes and term loan is disclosed in Note 10.

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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