Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Fair Value of Long-Term Debt

The carrying value of our remaining long-term debt reported in the accompanying condensed consolidated balance sheets approximates fair value as substantially all of such debt bears interest based on prevailing variable market rates currently available in the countries in which we have borrowings.

	March 31, 2019				December 31, 2018
	Recorded Amount		Fair Value		Recorded Amount		Fair Value
	(In thousands)
Long-term debt	$	1,826,101	$	1,875,467	$	1,712,003	$	1,731,271

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table summarizes the fair value of our foreign currency forward contracts included in the condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018 (in thousands):

	March 31,		December 31,
	2019		2018
Foreign currency forward contracts - Other accounts receivable	$	388	$	431

Derivative Instruments, Gain (Loss)

The following table summarizes these net (losses) gains recognized in our consolidated statements of income during the three-month periods ended March 31, 2019 and 2018 (in thousands):

	Three Months Ended   March 31,
	2019			2018
Foreign currency forward contracts (losses) gains	$	(10,415	)	$	4,819