Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

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    September 30, 2017
Assets
Deferred compensation plan	$	14,336	$	—	$	—	$	14,336
Derivative instruments	—		—		6,605		6,605
Total assets	$	14,336	$	—	$	6,605	$	20,941
Liabilities
Deferred compensation plan	$	27,598	$	—	$	—	$	27,598
Derivative instruments	—		178		928		1,106
Total liabilities	$	27,598	$	178	$	928	$	28,704

(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

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)	2017			2016
Balance at beginning of period	$	(15,868	)	$	—
Total gain (loss) included in earnings	28,659			381
Settlement (gain) loss	(7,114		)	83
Transfers in and/or out of level 3	—			—
Balance at end of period	$	5,677		$	464
Change in unrealized gains (losses) relating to assets and liabilities still held at the end of the period	$	14,431		$	464

Carrying amounts and fair values of debt

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

	September 30, 2017						December 31, 2016
(In thousands)	Carrying Amount			Estimated Fair Value			Carrying Amount		Estimated Fair Value
Debt, net	$	1,521,551		$	1,536,360		$	1,520,530	$	1,463,643
Current maturities	(237,000		)	(243,569		)	—		—
Long-term debt, excluding current maturities	$	1,284,551		$	1,292,791		$	1,520,530	$	1,463,643