Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

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    March 31, 2020
Assets
Deferred compensation plan	$	15,784	$	—	$	—	$	15,784
Derivative instruments	—		8,892		7,193		16,085
	$	15,784	$	8,892	$	7,193	$	31,869
Liabilities
Deferred compensation plan	$	24,306	$	—	$	—	$	24,306
Derivative instruments	—		—		—		—
	$	24,306	$	—	$	—	$	24,306

(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, 2019
Assets
Deferred compensation plan	$	18,381	$	—	$	—	$	18,381
Derivative instruments	—		44		3		47
	$	18,381	$	44	$	3	$	18,428
Liabilities
Deferred compensation plan	$	27,012	$	—	$	—	$	27,012
Derivative instruments	—		—		25		25
	$	27,012	$	—	$	25	$	27,037

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:

	Three Months Ended   March 31,
(In thousands)	2020			2019
Balance at beginning of period	$	(22	)	$	21,976
Total gain (loss) included in earnings	7,215			4,716
Settlement (gain) loss	—			(22,076		)
Transfers in and/or out of Level 3	—			—
Balance at end of period	$	7,193		$	4,616
Change in unrealized gains (losses) relating to assets and liabilities still held at the end of the period	$	7,215		$	(1,067	)

Carrying amounts and fair values of debt

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

	March 31, 2020						December 31, 2019
(In thousands)	Carrying Amount			Estimated Fair Value			Carrying Amount			Estimated Fair Value
Long-term debt	$	1,220,260		$	1,091,603		$	1,220,025		$	1,260,259
Current maturities	(175,000		)	(174,030		)	(87,000		)	(88,704		)
Long-term debt, excluding current maturities	$	1,045,260		$	917,573		$	1,133,025		$	1,171,555