Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

Assets And Liabilities Measured On Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2019 and December 31, 2018, aggregated by the level in the fair value hierarchy in which those measurements fall, are as follows (in thousands):



	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at March 31, 2019
Assets:
Cash equivalents, primarily money market funds and commercial paper	$	51,371					$	51,371
Restricted cash, primarily money market funds	6,213						6,213
Investments, mutual funds held in a grantor trust	34,222						34,222
Total	$	91,806	$	—	$	—	$	91,806
Liabilities:
Deferred compensation plan obligations	$	34,222					$	34,222
Total	$	34,222	$	—	$	—	$	34,222



	Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Fair Value at December 31, 2018
Assets:
Cash equivalents, primarily money market funds	$	54,848					$	54,848
Restricted cash, primarily money market funds	5,254						5,254
Investments, mutual funds held in a grantor trust	30,996						30,996
Investments, mutual funds	6,635						6,635
Total	$	97,733	$	—	$	—	$	97,733
Liabilities:
Deferred compensation plan obligations	$	30,996					$	30,996
Total	$	30,996	$	—	$	—	$	30,996

Schedule Of Fair Value Disclosures

Schedule of our fair value disclosures is as follows (in thousands):



	March 31, 2019						December 31, 2018
	Carrying Value		Fair Value Using Significant Other Observable Inputs (Level 2)		Fair Value Using Significant Unobservable Inputs (Level 3)		Carrying Value		Fair Value Using Significant Other Observable Inputs (Level 2)		Fair Value Using Significant Unobservable Inputs (Level 3)
Other Assets:
Tax increment revenue bonds⁽¹⁾	$	20,009			$	25,000	$	20,009			$	25,000
Investments, held to maturity⁽²⁾	2,000		$	1,995			3,000		$	2,988
Debt:
Fixed-rate debt	1,770,930				1,788,757		1,771,999				1,761,215
Variable-rate debt	17,621				17,735		22,685				23,131

_______________


(1)	At March 31, 2019 and December 31, 2018, the credit loss balance on our tax increment revenue bonds was $31.0 million.


(2)	Investments held to maturity are recorded at cost. As of March 31, 2019 and December 31, 2018, these investments had unrealized losses of $5 thousand and $12 thousand, respectively.