Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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.

	September 30, 2019				December 31, 2018
	Recorded Amount		Fair Value		Recorded Amount		Fair Value
	(In thousands)
Long-term debt	$	1,927,898	$	2,019,115	$	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 September 30, 2019 and December 31, 2018 (in thousands):

	September 30,		December 31,
	2019		2018
Foreign currency forward contracts - Other accounts receivable	$	—	$	431
Foreign currency forward contracts - Accrued expenses	$	1,697	$	—

Derivative Instruments, Losses

The following table summarizes these net losses recognized in our consolidated statements of income during the three-month and nine-month periods ended September 30, 2019 and 2018 (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Foreign currency forward contracts losses	$	(19,331	)	$	(203	)	$	(27,647	)	$	(13,034	)