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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

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

The following tables present the fair value of our assets (liabilities) that are required to be measured at fair value on a recurring basis as of December 31, 2020 and 2019 (in thousands):

									Fair Value at Reporting Date Using
			December 31, 2020						Level 1						Level 2						Level 3
Derivatives (1):
Interest rate swap contracts			$	(16,038)					$	—					$	(16,038)					$	—
Total			$	(16,038)					$	—					$	(16,038)					$	—

									Fair Value at Reporting Date Using
			December 31, 2019						Level 1						Level 2						Level 3
Derivatives (1):
Foreign currency forward contracts			$	1,953					$	—					$	1,953					$	—
Interest rate swap contracts			(14,938)						—						(14,938)						—
Total			$	(12,985)					$	—					$	(12,985)					$	—

____________________

(1) See Note 10. Derivatives for further detail.

Schedule of Fair Value and Carrying Value of Notes and Term Loans

The following table presents the fair value and carrying value of all our senior notes and borrowings under our senior secured credit facilities as of December 31, 2020 and 2019 (in thousands):

						Fair Value at December 31,												Carrying Value(1) at December 31,
Financial Instrument						2020						2019						2020						2019
Term Loan A						$	—					$	485,106					$	—					$	483,317
Term Loan B						1,785,843						1,856,100						1,821,016						1,838,741
Other Term Loan B						639,389						—						630,663						—
Revolver, $400 million						375,000						—						375,000						—
5.375% senior secured notes due 2023						—						543,536						—						530,000
5.25% senior secured notes due 2023						—						514,670						—						500,000
9.25% senior secured notes due 2025						925,610						—						775,000						—
7.375% senior secured notes due 2025						925,030						—						850,000						—
4.000% senior exchangeable notes due 2025						610,907						—						264,554						—

_____________________

(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.

+ References

No definition available.

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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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