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Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2018
Financial Instruments Assets (Liabilities) Measured At Fair Value



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

March 31, 2018



 

Carrying

 

Fair Value



 

Amount

 

Total

 

Level 1

 

Level 2

 

Level 3



 

(Dollars in thousands)

Cash and cash equivalents

 

$

 53,296 

 

$

 53,296 

 

$

 53,296 

 

$

 —

 

$

 —

Loans payable

 

 

 (27,022)

 

 

 (27,022)

 

 

 —

 

 

 (27,022)

 

 

 —

Term loan facility, maturing 2024(1)

 

 

 (651,780)

 

 

 (653,410)

 

 

 —

 

 

 (653,410)

 

 

 —

Revolving credit facility, maturing 2022

 

 

 (118,183)

 

 

 (119,312)

 

 

 —

 

 

 (119,312)

 

 

 —

Other long-term notes payable

 

 

 (7,006)

 

 

 (4,526)

 

 

 —

 

 

 (4,526)

 

 

 —

Interest rate swaps - asset

 

 

 3,392 

 

 

 3,392 

 

 

 —

 

 

 3,392 

 

 

 —

Interest rate swaps - liability

 

 

 (191)

 

 

 (191)

 

 

 —

 

 

 (191)

 

 

 —

Foreign currency forward contracts, net

 

 

 460 

 

 

 460 

 

 

 —

 

 

 460 

 

 

 —







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

December 31, 2017



 

Carrying

 

Fair Value



 

Amount

 

Total

 

Level 1

 

Level 2

 

Level 3



 

(Dollars in thousands)

Cash and cash equivalents

 

$

 63,551 

 

$

 63,551 

 

$

 63,551 

 

$

 —

 

$

 —

Loans payable

 

 

 (16,360)

 

 

 (16,360)

 

 

 —

 

 

 (16,360)

 

 

 —

Term loan facility, maturing 2024(1)

 

 

 (645,242)

 

 

 (646,979)

 

 

 —

 

 

 (646,979)

 

 

 —

Revolving credit facility, maturing 2022

 

 

 (78,000)

 

 

 (79,295)

 

 

 —

 

 

 (79,295)

 

 

 —

Other long-term notes payable

 

 

 (7,112)

 

 

 (3,973)

 

 

 —

 

 

 (3,973)

 

 

 —

Interest rate swaps - asset

 

 

 1,616 

 

 

 1,616 

 

 

 —

 

 

 1,616 

 

 

 —

Interest rate swaps - liability

 

 

 (124)

 

 

 (124)

 

 

 —

 

 

 (124)

 

 

 —

Foreign currency forward contracts, net

 

 

 (469)

 

 

 (469)

 

 

 —

 

 

 (469)

 

 

 —



(1) The carrying values of the term loan facility are net of unamortized debt issuance costs of $7.2 million and $7.5 million for the period ended March 31, 2018, and December 31, 2017, respectively.  

Effect On Derivative Instruments On Consolidated Statements Of Operations



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

Amount of Gain

 

 



 

Recognized in Earnings

 

 



 

Three Months Ended

 

 



 

March 31,

 

 



 

2018

 

2017

 

Location of Gain in Earnings



 

(Dollars in thousands)

 

 

Foreign currency forward contracts

 

$

 391 

 

$

 243 

 

Foreign currency loss (gain), net





Fair Value Of Derivative Instruments On Consolidated Balance Sheets



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

March 31,

 

December 31,

 

 



 

2018

 

2017

 

Balance Sheet Location



 

(Dollars in thousands)

 

 

Asset derivatives:

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

 3,392 

 

$

 1,616 

 

Other non-current assets

Foreign currency forward contracts

 

 

 804 

 

 

 661 

 

Other current assets

Liability derivatives:

 

 

 

 

 

 

 

 

Interest rate swaps

 

 

 (191)

 

 

 (124)

 

Accrued expenses and other current liabilities

Foreign currency forward contracts

 

$

 (344)

 

$

 (1,130)

 

Accrued expenses and other current liabilities



Net Investment Hedging [Member]  
Schedule of Loss Recognized in AOCI and the Amount of Loss Reclassified into Income



The amount of loss recognized in AOCL and the amount of loss reclassified into earnings for the three months ended March 31, 2018, follow:





 

 

 

 

 

 

 

 



 

Amount of Loss

 

Amount of Loss Reclassified



 

Recognized in AOCL  -

 

from  AOCL into



 

 

Effective Portion

 

 

 

Income - Effective Portion

 



 

2018

 

 

2018

 



 

(Dollars in thousands)

Net investment hedge

 

$

 (860)

 

 

$

 —

 



Interest Rate Swap [Member]  
Schedule of Loss Recognized in AOCI and the Amount of Loss Reclassified into Income

The amount of gain recognized in AOCL and the amount of loss reclassified into earnings for the three months ended March 31, 2018, follow:





 

 

 

 

 

 

 

 



 

Amount of Gain

 

Amount of Loss Reclassified



 

Recognized in AOCL -

 

from AOCL into



 

 

Effective Portion

 

 

 

Income - Effective Portion

 



 

2018

 

 

2018

 



 

(Dollars in thousands)

Interest rate swap

 

$

 1,709 

 

 

$

 (136)