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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2019, December 31, 2018, and June 24, 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
 
June 30, 2019
 
December 31, 2018
 
June 24, 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
 
$
362

$
362

 
$
511

$
511

 
$
932

$
932

Interest rate swaps
Other Assets (Derivative Liability)
Level 2
 
$
(23,862
)
$
(23,862
)
 
$
(6,705
)
$
(6,705
)
 
$
542

$
542

Other financial assets (liabilities):
Term debt
Long-Term Debt (1)
Level 2
 
$
(725,625
)
$
(725,625
)
 
$
(729,375
)
$
(707,494
)
 
$
(733,125
)
$
(736,791
)
2024 senior notes
Long-Term Debt (1)
Level 1
 
$
(450,000
)
$
(461,250
)
 
$
(450,000
)
$
(441,000
)
 
$
(450,000
)
$
(451,125
)
2027 senior notes
Long-Term Debt (1)
Level 1
 
$
(500,000
)
$
(516,250
)
 
$
(500,000
)
$
(475,000
)
 
$
(500,000
)
$
(496,250
)
2029 senior notes
Long-Term Debt (1)
Level 2
 
$
(500,000
)
$
(510,000
)
 


 


(1)
Carrying values of long-term debt balances are before reductions for debt issuance costs and original issue discount of $27.8 million, $21.8 million, and $23.8 million as of June 30, 2019, December 31, 2018, and June 24, 2018, respectively.