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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Fair Values and Related Carrying Values of Debt

At September 30, 2015, and December 31, 2014, the fair value of debt and the related carrying values, including current maturities, were as follows:

 

(In thousands)

 

September 30,

2015

 

 

December 31,

2014

 

Fair value

 

$

343,973

 

 

$

285,441

 

Carrying value

 

 

341,453

 

 

 

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 September 30, 2015, and December 31, 2014, and the level within the fair value hierarchy in which the fair value measurements fall:

 

(In thousands)

 

September

2015

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

19,362

 

 

$

19,362

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

 

164

 

 

 

 

 

 

164

 

 

 

 

Total assets at fair value

 

$

19,526

 

 

$

19,362

 

 

$

164

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

106

 

 

$

 

 

$

106

 

 

$

 

Interest rate contracts

 

 

50

 

 

 

 

 

 

50

 

 

 

 

Total liabilities at fair value

 

$

156

 

 

$

 

 

$

156

 

 

$

 

 

 

(In thousands)

 

December

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