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Financial Instruments and Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurement Information about Long-term Debt

The following table summarizes the fair value measurement information about the Company’s long-term debt:

 

 

 

March 31, 2019

 

 

Carrying

 

 

Fair

 

 

Fair Value

(In thousands)

 

Amount

 

 

Value

 

 

Hierarchy

Term loans

 

$

990,000

 

 

$

981,600

 

 

Level 2

Revolving credit facility

 

 

145,000

 

 

 

143,900

 

 

Level 2

Finance lease liabilities

 

 

7,548

 

 

 

7,548

 

 

Level 3

Notes payable

 

 

257

 

 

 

257

 

 

Level 3

Total debt

 

$

1,142,805

 

 

$

1,133,305

 

 

 

 

 

 

December 31, 2018

 

 

Carrying

 

 

Fair

 

 

Fair Value

(In thousands)

 

Amount

 

 

Value

 

 

Hierarchy

Term loans

 

$

992,000

 

 

$

952,300

 

 

Level 2

Finance lease liabilities

 

 

7,127

 

 

 

7,127

 

 

Level 3

Notes payable

 

 

1,111

 

 

 

1,111

 

 

Level 3

Total debt

 

$

1,000,238

 

 

$

960,538