Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.8.0.1
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Level of Assets and Liabilities that are Measured on a Recurring Basis
The following summarizes the fair value level of assets and liabilities that are measured on a recurring basis at September 30, 2017 and December 31, 2016 (amounts in thousands): 
 
Level 1
 
Level 2
 
Level 3
 
Total
September 30, 2017
 
 
 
 
 
 
 
Interest rate swap agreement - assets (a)

 
4,664

 

 
4,664

Interest rate swap agreements - liabilities (b)

 
(17,753
)
 

 
(17,753
)
Total
$

 
(13,089
)
 

 
$
(13,089
)
December 31, 2016
 
 
 
 
 
 
 
Interest rate swap agreement - assets (a)

 
8,521

 

 
8,521

Interest rate swap agreements - liabilities (b)

 
(16,948
)
 

 
(16,948
)
Total
$

 
(8,427
)
 

 
$
(8,427
)

 

(a)
Included in Other assets on the consolidated balance sheets
(b)
Interest rate swap agreement liability values are included in current Other accrued liabilities or non-current Derivative financial instruments on the consolidated balance sheets depending on the maturity date of the swap.
Schedule of Carrying Values and Fair Values of Financial Instruments that are Not Carried at Fair Value
Carrying values and fair values of financial instruments that are not carried at fair value are as follows (amounts in thousands):
 
September 30, 2017
 
December 31, 2016
Long term debt, including current portion:
 
 
 
Carrying value
$
1,731,193

 
$
1,698,778

Fair value (a)
1,696,403

 
1,716,385

 

(a) 
The fair value is based on market quotations from third party financial institutions and is classified as Level 2 in the hierarchy.