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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Values and Related Carrying Values of Debt

At December 31, 2019 and 2018, 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 $754,000, and $978,000  as of December 31, 2019 and 2018, respectively):

 

(In thousands)

 

December 31

 

 

 

2019

 

 

2018

 

Fair value

 

$

226,712

 

 

$

274,119

 

 

 

 

 

 

 

 

 

 

Carrying value

 

 

222,857

 

 

 

277,058

 

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, 2019 and 2018, and the level within the fair value hierarchy in which the fair value measurement falls:

 

(In thousands)

 

December

2019

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

28,227

 

 

$

28,227

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

 

981

 

 

 

 

 

 

981

 

 

 

 

Total assets at fair value

 

$

29,208

 

 

$

28,227

 

 

$

981

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

429

 

 

$

 

 

$

429

 

 

$

 

Total liabilities at fair value

 

$

429

 

 

$

 

 

$

429

 

 

$

 

 

(In thousands)

 

December

2018

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

25,082

 

 

$

25,082

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

 

185

 

 

 

 

 

 

185

 

 

 

 

Total assets at fair value

 

$

25,267

 

 

$

25,082

 

 

$

185

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

10

 

 

$

 

 

$

10

 

 

$

 

Total liabilities at fair value

 

$

10

 

 

$

 

 

$

10

 

 

$