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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Fair Values and Related Carrying Values of Debt

At September 30, 2023, and December 31, 2022, 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 $1,017,000 and $686,000 as of September 30, 2023 and December 31, 2022, respectively):

(In thousands)		September 30, 2023				December 31, 2022
Fair value		$	604,979			$	541,029
Carrying value			650,406				587,826

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 September 30, 2023, and December 31, 2022, and the level within the fair value hierarchy in which the fair value measurements fall:

(In thousands)		September 30, 2023				Level 1				Level 2				Level 3
Mutual fund assets		$	24,528			$	24,528			$	—			$	—
Derivative assets:
Interest rate contracts			9,030				—				9,030				—
Foreign currency contracts			1,690				—				1,690				—
Total assets at fair value		$	35,248			$	24,528			$	10,720			$	—
Derivative liabilities:
Foreign currency contracts		$	2,031			$	—			$	2,031			$	—

(In thousands)		December 31, 2022				Level 1				Level 2				Level 3
Mutual fund assets		$	23,294			$	23,294			$	—			$	—
Derivative assets:
Interest rate contracts			8,357				—				8,357				—
Foreign currency contracts			513				—				513				—
Total assets at fair value		$	32,164			$	23,294			$	8,870			$	—
Derivative liabilities:
Foreign currency contracts		$	525			$	—			$	525			$	—

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2C
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2C

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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- References

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X

- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

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