Fair Values (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table provides a summary of the company’s assets and liabilities that are measured on a recurring basis (in thousands):


	Basis for Fair Value Measurements at Reporting Date
		Quoted Prices in Active Markets for Identical Assets / (Liabilities)			Significant Other Observable Inputs		Significant Other Unobservable Inputs
		Level I			Level II		Level III
June 30, 2020
Forward exchange contracts—net	—		$	1,142		—




December 31, 2019
Forward exchange contracts—net	—		$	(67)		—

Fair Value, by Balance Sheet Grouping

The carrying values and fair values of the company’s financial instruments are as follows (in thousands):


	June 30, 2020						December 31, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value
Cash and cash equivalents	$	104,192	$	104,192	$	80,063	$	80,063
Other investments	85		85		85		85
Installment receivables, net of reserves	454		454		913		913
Total debt (including current maturities of long-term debt) *	(300,730)		(282,686)		(267,366)		(225,037)




Forward contracts in Other Current Assets	2,178		2,178		838		838
Forward contracts in Accrued Expenses	(1,036)		(1,036)		(905)		(905)

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* The company's total debt is shown net of discount and fees associated with the Convertible Senior Notes due in 2021, 2022 and 2024 on the company's condensed consolidated balance sheet. Accordingly, the fair values of the Convertible Senior Notes due in 2021, 2022 and 2024 are included in the long-term debt presented in this table are also shown net of the discount and fees. Total debt amounts also include lease obligations for both operating and financing leases.