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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Fair Values and Related Carrying Values of Debt

At June 30, 2021, and December 31, 2020, 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 $614,000 and $617,000 as of June 30, 2021 and December 31, 2020, respectively):

 

(In thousands)

 

June 30,

2021

 

 

December 31,

2020

 

Fair value

 

$

248,832

 

 

$

210,370

 

Carrying value

 

 

239,495

 

 

 

199,286

 

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 June 30, 2021, and December 31, 2020, and the level within the fair value hierarchy in which the fair value measurements fall:

 

(In thousands)

 

June 30,

2021

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

32,576

 

 

$

32,576

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

 

256

 

 

 

 

 

 

256

 

 

 

 

Total assets at fair value

 

$

32,832

 

 

$

32,576

 

 

$

256

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

2

 

 

$

 

 

$

2

 

 

$

 

 

 

(In thousands)

 

December 31, 2020

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Mutual fund assets

 

$

30,652

 

 

$

30,652

 

 

$

 

 

$

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

 

335

 

 

 

 

 

 

335

 

 

 

 

Total assets at fair value

 

$

30,987

 

 

$

30,652

 

 

$

335

 

 

$

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency contracts

 

$

566

 

 

$

 

 

$

566

 

 

$