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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
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  
 December 31, 
 2016
Assets
 

 
 

 
 

 
 

Deferred compensation plan
$
12,587

 
$

 
$

 
$
12,587

Derivative instruments

 

 
2,991

 
2,991

Total assets
$
12,587

 
$

 
$
2,991

 
$
15,578

Liabilities
 

 
 

 
 

 
 

Deferred compensation plan
$
24,169

 
$

 
$

 
$
24,169

Derivative instruments

 
21,400

 
18,859

 
40,259

Total liabilities
$
24,169

 
$
21,400

 
$
18,859

 
$
64,428

(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

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:
 
Year Ended December 31,
(In thousands)
2016
 
2015
 
2014
Balance at beginning of period
$

 
$
85,958

 
$
(3,910
)
Total gains (losses) (realized or unrealized):
 

 
 

 
 

Included in earnings
(17,886
)
 
32,864

 
35,067

Included in other comprehensive income

 

 
3,755

Settlements
2,018

 
(118,822
)
 
51,046

Transfers in and/or out of level 3

 

 

Balance at end of period
$
(15,868
)
 
$

 
$
85,958

 
 
 
 
 
 
Change in unrealized gains (losses) relating to assets and liabilities still held at the end of the period
$
(15,868
)
 
$

 
$
85,958


Carrying amounts and fair values of long-term debt
The carrying amount and fair value of debt is as follows:
 
December 31, 2016
 
December 31, 2015
(In thousands)
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
Long-term debt
$
1,520,530

 
$
1,463,643

 
$
2,016,139

 
$
1,839,530

Current maturities

 

 
(20,000
)
 
(20,378
)
Long-term debt, excluding current maturities
$
1,520,530

 
$
1,463,643

 
$
1,996,139

 
$
1,819,152