Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 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   September 30, 2020
Assets
Deferred compensation plan	$	19,882	$	—	$	—	$	19,882
Derivative instruments	—		1,381		301		1,682
	$	19,882	$	1,381	$	301	$	21,564
Liabilities
Deferred compensation plan	$	28,489	$	—	$	—	$	28,489
Derivative instruments	—		3,270		14,135		17,405
	$	28,489	$	3,270	$	14,135	$	45,894

(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:

	Nine Months Ended  September 30,
(In thousands)	2020		2019
Balance at beginning of period	$	(22)	$	21,976
Total gain (loss) included in earnings	2,866		24,931
Settlement (gain) loss	(16,678)		(37,749)
Transfers in and/or out of Level 3	—		—
Balance at end of period	$	(13,834)	$	9,158
Change in unrealized gains (losses) relating to assets and liabilities still held at the end of the period	$	(13,733)	$	7,388

Carrying amounts and fair values of debt

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

	September 30, 2020				December 31, 2019
(In thousands)	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Long-term debt	$	1,161,712	$	1,213,402	$	1,220,025	$	1,260,259
Current maturities	(188,000)		(189,501)		(87,000)		(88,704)
Long-term debt, excluding current maturities	$	973,712	$	1,023,901	$	1,133,025	$	1,171,555