Financial Instruments and Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2020

The following table shows the fair value measurement at March 31, 2020 and December 31, 2019. All measurements are based on observable inputs such as interest rates and are classified as Level 2 within the fair value hierarchy:


	Fair Value Hierarchy	March 31, 2020		December 31, 2019
		(In thousands)
Receivables from hedges/ derivatives		$	16,370	$	8,436
Prepaid expenses and other current assets	Level 2	16,364		8,434
Other financial assets (non-current)	Level 2	6		1

Liabilities from derivatives		$	8,723	$	9,425
Other current liabilities	Level 2	49		109
Other liabilities (non-current)	Level 2	8,675		9,316

Term loan	Level 2	$	632,116	$	643,051
Local bank loans	Level 2	$	138,267	$	29,762

- 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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