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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on recurring basis
The table below presents the balances of assets and liabilities measured at fair value as of March 31, 2019, December 31, 2018, and March 25, 2018 on a recurring basis as well as the fair values of other financial instruments:
(In thousands)
Unaudited Condensed 
Consolidated Balance Sheet Location
Fair Value Hierarchy Level
 
March 31, 2019
 
December 31, 2018
 
March 25, 2018
 
Carrying Value
Fair 
Value
 
Carrying Value
Fair 
Value
 
Carrying Value
Fair 
Value
Financial assets (liabilities) measured on a recurring basis:
Short-term investments
Other current assets
Level 1
 
$
492

$
492

 
$
511

$
511

 
$
901

$
901

Interest rate swaps
Derivative Liability
Level 2
 
$
(13,083
)
$
(13,083
)
 
$
(6,705
)
$
(6,705
)
 
$
(2,730
)
$
(2,730
)
Other financial assets (liabilities):
April 2017 term debt
Long-Term Debt (1)
Level 2
 
$
(727,500
)
$
(723,863
)
 
$
(729,375
)
$
(707,494
)
 
$
(735,000
)
$
(740,513
)
April 2017 notes
Long-Term Debt (1)
Level 1(2)
 
$
(500,000
)
$
(505,000
)
 
$
(500,000
)
$
(475,000
)
 
$
(500,000
)
$
(494,375
)
June 2014 notes
Long-Term Debt (1)
Level 1
 
$
(450,000
)
$
(457,875
)
 
$
(450,000
)
$
(441,000
)
 
$
(450,000
)
$
(455,625
)
(1)
Carrying values of long-term debt balances are before reductions for debt issuance costs and original issue discount of $20.9 million, $21.8 million, and $24.2 million as of March 31, 2019, December 31, 2018, and March 25, 2018, respectively.
(2)
The April 2017 notes were based on Level 1 inputs as of March 31, 2019 and December 31, 2018 and Level 2 inputs as of March 25, 2018.