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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Fair Value and Carrying Value of Assets and Liabilities Recorded at Other Than Fair Value

The following table presents the fair value, for disclosure purposes only, and carrying value of the Company’s assets and liabilities that are recorded at other than fair value as of December 31, 2019 and 2018:

 

 

 

December 31, 2019

 

 

December 31, 2018

 

 

 

Level 2

 

Carrying Value

 

 

Level 2

 

Level 3

 

Carrying Value

 

 

 

(in thousands)

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

28

 

$

28

 

 

$

61

 

$

 

$

61

 

Commercial paper

 

 

64,290

 

 

64,519

 

 

 

25,322

 

 

 

 

25,431

 

Corporate bonds

 

 

3,606

 

 

3,604

 

 

 

1,620

 

 

 

 

1,620

 

Total assets

 

$

67,924

 

$

68,151

 

 

$

27,003

 

$

 

$

27,112

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt, including current maturities

 

$

467,500

 

$

500,000

 

 

$

 

$

342,745

 

$

342,312

 

Total liabilities

 

$

467,500

 

$

500,000

 

 

$

 

$

342,745

 

$

342,312