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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present our assets (liabilities) that are required to be measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018 (in thousands):

					Fair Value at Reporting Date Using
	September 30, 2019				Level 1				Level 2				Level 3
Derivatives:
Foreign currency forward contracts	$	(4,507	)		$	—			$	(4,507	)		$	—
Interest rate swap contracts	(18,103		)		—				(18,103		)		—
Total	$	(22,610	)		$	—			$	(22,610	)		$	—

					Fair Value at Reporting Date Using
	December 31, 2018				Level 1				Level 2				Level 3
Derivatives:
Foreign currency forward contracts	$	(4,285	)		$	—			$	(4,285	)		$	—
Interest rate swap contracts	3,969				—				3,969				—
Total	$	(316	)		$	—			$	(316	)		$	—

Schedule of Fair Value and Carrying Value of Debt

The following table presents the fair value and carrying value of our senior notes and borrowings under our senior secured credit facilities as of September 30, 2019 and December 31, 2018 (in thousands):

		Fair Value at								Carrying Value at (1)
Financial Instrument		September 30, 2019				December 31, 2018				September 30, 2019				December 31, 2018
Term Loan A		$	499,997			$	520,000			$	497,431			$	525,514
Term Loan B		1,857,350				1,798,233				1,843,175				1,856,496
Revolver, $400 million		—				—				—				—
5.375% Senior secured notes due 2023		542,876				529,799				530,000				530,000
5.25% Senior secured notes due 2023		514,045				495,248				500,000				500,000

  

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⁽¹⁾ Excludes net unamortized debt issuance costs.

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- References

No definition available.

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- 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.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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