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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Values and Related Carrying Values of Debt

At December 31, 2022 and 2021, the fair values and related carrying values of debt, including current maturities, were as follows (the fair value and carrying value amounts are presented without regard to unamortized debt issuance costs of $686,000 and $710,000 as of December 31, 2022 and 2021, respectively):

 

 

 

December 31

 

(In thousands)

 

2022

 

 

2021

 

Fair value

 

$

541,029

 

 

$

369,456

 

Carrying value

 

 

587,826

 

 

 

364,290

 

Financial Assets and Liabilities, Excluding Cash and Cash Equivalents, Measured on a Recurring Basis at Fair Value

The following tables present financial assets and liabilities, excluding cash and cash equivalents, measured on a recurring basis at fair value as of December 31, 2022 and 2021, and the level within the fair value hierarchy in which the fair value measurement falls:

 

(In thousands)

 

December 31,
2022

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

23,294

 

 

$

23,294

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate contracts

 

 

8,357

 

 

 

 

 

 

8,357

 

 

 

 

Foreign currency contracts

 

 

513

 

 

 

 

 

 

513

 

 

 

 

Total assets at fair value

 

$

32,164

 

 

$

23,294

 

 

$

8,870

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

525

 

 

$

 

 

$

525

 

 

$

 

 

 

(In thousands)

 

December 31,
2021

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

34,495

 

 

$

34,495

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

 

436

 

 

 

 

 

 

436

 

 

 

 

Total assets at fair value

 

$

34,931

 

 

$

34,495

 

 

$

436

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

338

 

 

$

 

 

$

338

 

 

$