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FAIR VALUE (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Summary of assets and liabilities measured at fair value on a recurring basis
The following table provides a summary of assets and liabilities as of June 30, 2020, measured at fair value on a recurring basis:
Description
 
Balance as of
June 30, 2020
 
Quoted Prices
in Active
Markets for
Identical Assets
or Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 

 
 

 
 

 
 

Foreign exchange contracts
 
$
2,108

 
$

 
$
2,108

 
$

Cross currency swap agreements
 
469

 

 
469

 

Forward-starting swap agreements
 
312

 

 
312

 

Total assets
 
$
2,889

 
$

 
$
2,889

 
$

 
 
 
 
 
 
 
 
 
Liabilities:
 
 

 
 

 
 

 
 

Foreign exchange contracts
 
6,122

 

 
6,122

 

Forward starting swap agreements
 
87

 

 
87

 

Deferred compensation
 
28,859

 

 
28,859

 

Total liabilities
 
$
35,068

 
$

 
$
35,068

 
$

The following table provides a summary of assets and liabilities as of December 31, 2019, measured at fair value on a recurring basis:
Description
 
Balance as of December 31, 2019
 
Quoted Prices
in Active
Markets for
Identical Assets
or Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 

 
 

 
 

 
 

Foreign exchange contracts
 
$
3,685

 
$

 
$
3,685

 
$

Interest rate swap agreements
 
2,964

 

 
2,964

 

Total assets
 
$
6,649

 
$

 
$
6,649

 
$

 
 
 
 
 
 
 
 
 
Liabilities:
 
 

 
 

 
 

 
 

Foreign exchange contracts
 
$
1,495

 
$

 
$
1,495

 
$

Cross currency swap agreements
 
653

 

 
653

 

Contingent considerations
 
470

 

 

 
470

Deferred compensation
 
29,170

 

 
29,170

 

Total liabilities
 
$
31,788

 
$

 
$
31,318

 
$
470