Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Financial assets and liabilities measured at fair value on a recurring basis

The following fair value hierarchy table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:



(In thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Balance at September 30, 2016
Assets
Deferred compensation plan	$	12,297	$	—		$	—	$	12,297
Derivative instruments	—		(233		)	1,895		1,662
Total assets	$	12,297	$	(233	)	$	1,895	$	13,959
Liabilities
Deferred compensation plan	$	25,088	$	—		$	—	$	25,088
Derivative instruments	—		4,722			1,431		6,153
Total liabilities	$	25,088	$	4,722		$	1,431	$	31,241



(In thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance at December 31, 2015
Assets
Deferred compensation plan	$	12,921	$	—	$	—	$	12,921
Total assets	$	12,921	$	—	$	—	$	12,921
Liabilities
Deferred compensation plan	$	22,371	$	—	$	—	$	22,371
Total liabilities	$	22,371	$	—	$	—	$	22,371

Reconciliation of changes in the fair value of financial assets and liabilities classified as level 3

The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy:



	Nine Months Ended September 30,
(In thousands)	2016		2015
Balance at beginning of period	$	—	$	85,958
Total gain (loss) included in earnings	381		23,867
Settlement (gain) loss	83		(77,532		)
Transfers in and/or out of level 3	—		—
Balance at end of period	$	464	$	32,293

Change in unrealized gain (loss) relating to assets and liabilities still held at the end of the period	$	464	$	(53,665	)

Carrying amounts and fair values of debt

The carrying amount and fair value of debt is as follows:



	September 30, 2016				December 31, 2015
(In thousands)	Carrying Amount		Estimated Fair Value		Carrying Amount			Estimated Fair Value
Debt, net	$	1,520,190	$	1,507,258	$	2,016,139		$	1,839,530
Current maturities	—		—		(20,000		)	(20,378		)
Long-term debt, excluding current maturities	$	1,520,190	$	1,507,258	$	1,996,139		$	1,819,152