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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value Measurement of Assets and Liabilities on a Recurring Basis
The following tables provide the financial assets and liabilities carried at fair value measured on a recurring basis as of December 31, 2019 and 2018 using the fair value hierarchy prescribed by U.S. GAAP. The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets. Level 2 refers to fair values estimated using significant other observable inputs, and Level 3 refers to fair values estimated using significant non-observable inputs. An asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.
 
Fair Value Measurements at December 31, 2019
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(In thousands)
Assets
 
 
 
 
 
 
 
Assets associated with interest rate swap and cap contracts
$
10,638

 
$

 
$
10,638

 
$

Liabilities 
 
 
 
 
 
 
 
Liabilities associated with interest rate swap and cap contracts
$
(17,420
)
 
$

 
$
(17,420
)
 
$

Liabilities associated with foreign currency forward contracts
$
(7,868
)
 
$

 
$
(7,868
)
 
$

Liabilities associated with acquisition related contingent consideration
$
(16,851
)
 
$

 
$

 
$
(16,851
)
 
Fair Value Measurements at December 31, 2018
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(In thousands)
Assets
 
 
 
 
 
 
 
Assets associated with interest rate swap and cap contracts
$
19,805

 
$

 
$
19,805

 
$

Liabilities
 
 
 
 
 
 
 
Liabilities associated with interest rate swap and cap contracts
$
(3,290
)
 
$

 
$
(3,290
)
 
$

Liabilities associated with acquisition-related contingent consideration
$
(38,266
)
 
$

 
$

 
$
(38,266
)