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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Fair Values and Related Carrying Values of Debt

At December 31, 2016 and 2015, 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 $1,141,000 and $1,269,000 as of December 31, 2016 and 2015, respectively):

 

(In thousands)

 

December 31

 

 

 

2016

 

 

2015

 

Fair value

 

$

316,364

 

 

$

331,183

 

 

 

 

 

 

 

 

 

 

Carrying value

 

 

318,154

 

 

 

332,623

 

 

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 December 31, 2016 and 2015, and the level within the fair value hierarchy in which the fair value measurement falls:

 

(In thousands)

 

December

2016

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

24,055

 

 

$

24,055

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

 

453

 

 

 

 

 

 

453

 

 

 

 

Total assets at fair value

 

$

24,508

 

 

$

24,055

 

 

$

453

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

469

 

 

$

 

 

$

469

 

 

$

 

 

(In thousands)

 

December

2015

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

20,910

 

 

$

20,910

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

 

112

 

 

 

 

 

 

112

 

 

 

 

Total assets at fair value

 

$

21,022

 

 

$

20,910

 

 

$

112

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

305

 

 

$

 

 

$

305

 

 

$

 

Interest rate contracts

 

 

53

 

 

 

 

 

 

53

 

 

 

 

Total liabilities at fair value

 

$

358

 

 

$

 

 

$

358

 

 

$