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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2015
Fair Value Disclosures [Abstract]  
Fair Values and Related Carrying Values of Debt

At March 31, 2015, and December 31, 2014, the fair value of debt and the related carrying values, including current maturities, were as follows:

 

(In thousands)

 

March 31, 2015

 

 

December 31, 2014

 

Fair value

  

$

298,655

  

  

$

285,441

  

Carrying value

 

 

283,736

 

 

 

273,931

 

 

Financial Assets and Liabilities Measured on a Recurring Basis at Fair Value

The following tables present financial assets and liabilities measured on a recurring basis at fair value as of March 31, 2015, and December 31, 2014, and the level within the fair value hierarchy in which the fair value measurements fall:

 

 

 

March

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

2015

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

20,134

 

 

$

20,134

 

 

$

 

 

$

  

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

 

131

 

 

 

 

 

 

131

 

 

 

 

Total assets at fair value

 

$

20,265

 

 

$

20,134

 

 

$

131

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

 

142

 

 

 

 

 

 

142

 

 

 

 

Interest rate contracts

 

 

60

 

 

 

 

 

 

60

 

 

 

 

Total liabilities at fair value

 

$

202

 

 

$

 

 

$

202

 

 

$

 

 

 

 

December

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

2014

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

20,217

 

 

$

20,217

 

 

$

 

 

$

  

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

 

73

 

 

 

 

 

 

73

 

 

 

 

Total assets at fair value

 

$

20,290

 

 

$

20,217

 

 

$

73

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

628

 

 

$

 

 

$

628

 

 

$