Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019
Assets
Deferred compensation plan	$	17,080	$	—	$	—	$	17,080
Derivative instruments	—		16,542		9,158		25,700
	$	17,080	$	16,542	$	9,158	$	42,780
Liabilities
Deferred compensation plan	$	25,791	$	—	$	—	$	25,791
Derivative instruments	—		—		—		—
	$	25,791	$	—	$	—	$	25,791

(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, 2018
Assets
Deferred compensation plan	$	14,699	$	—	$	—	$	14,699
Derivative instruments	—		35,689		24,416		60,105
	$	14,699	$	35,689	$	24,416	$	74,804
Liabilities
Deferred compensation plan	$	25,780	$	—	$	—	$	25,780
Derivative instruments	—		—		2,440		2,440
	$	25,780	$	—	$	2,440	$	28,220

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)	2019			2018
Balance at beginning of period	$	21,976		$	(28,398	)
Total gain (loss) included in earnings	24,931			6,333
Settlement (gain) loss	(37,749		)	17,114
Balance at end of period	$	9,158		$	(4,951	)
Change in unrealized gains (losses) relating to assets and liabilities still held at the end of the period	$	7,388		$	(6,685	)

Carrying amounts and fair values of debt

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

	September 30, 2019						December 31, 2018
(In thousands)	Carrying Amount			Estimated Fair Value			Carrying Amount		Estimated Fair Value
Long-term debt	$	1,219,790		$	1,258,674		$	1,226,104	$	1,202,994
Current maturities	(87,000		)	(89,210		)	—		—
Long-term debt, excluding current maturities	$	1,132,790		$	1,169,464		$	1,226,104	$	1,202,994