Fair-Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements, Recurring and Nonrecurring

The following table presents the fair-value hierarchy for our Level 1 and Level 2 financial and non-financial assets and liabilities, which are measured at fair value on a recurring basis:

	September 30, 2020					December 31, 2019
	Quoted prices in active markets		Significant other observable inputs			Quoted prices in active markets		Significant other observable inputs
(in thousands)	(Level 1)		(Level 2)			(Level 1)		(Level 2)
Fair Value
Assets:
Cash equivalents	$	28,705	$	—		$	16,375	$	—
Other Assets:
Common stock of unaffiliated foreign public company (a)	872		—			839		—
Liabilities:
Other noncurrent liabilities:
Interest rate swaps	—		(14,357)		ᵇ	—		(5,518)		ᶜ

(a)Original cost basis $0.5 million.

(b)Net of $1.2 million receivable floating leg and $15.6 million liability fixed leg.

(c)Net of $15.2 million receivable floating leg and $20.7 million liability fixed leg.

Derivative Instruments, Gain (Loss)

Gains/(losses) related to changes in fair value of derivative instruments that were recognized in Other (income)/expense, net in the Consolidated Statements of Income were as follows:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2020		2019		2020		2019
Derivatives not designated as hedging instruments
Foreign currency options gains/(losses)	$	—	$	—	$	(64)	$	—