Fair-Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Financial Assets and Liabilities

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

	September 30, 2017				December 31, 2016
	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	$18,246		$-		$8,468		$-
Other Assets:
Common stock of unaffiliated foreign public company	880	(a)	-		762	(a)	-
Interest rate swaps	-		5,293	(b)	-		5,784	(c)

(a) Original cost basis $0.5 million

(b) Net of $18.2 million receivable floating leg and $12.9 million liability fixed leg

(c) Net of $21.4 million receivable floating leg and $15.6 million liability fixed leg

Schedule of (Losses)/Gains on Changes in Fair Value of Derivative Instruments

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

	Three months ended September 30,		Nine months ended September 30,
(in thousands)	2017	2016	2017	2016
Derivatives not designated as hedging instruments
Foreign currency options (losses)/gains	($2)	($218)	($131)	$237