Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.10.0.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on a Recurring Basis
In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company’s financial assets and liabilities that are required to be measured at fair value on a recurring basis, which are classified on the balance sheets as cash and cash equivalents, other current assets, other current liabilities and other long-term liabilities:
 
Fair Value Measurements 
 at December 31, 2018
 
Fair Value Measurements 
 at December 31, 2017
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
(in thousands)
 
 
 
 
 
(in thousands)
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash equivalents
$
86,046

 
$

 
$

 
$
86,046

 
$
58,063

 
$

 
$

 
$
58,063

Forward currency contracts

 
779

 

 
779

 

 
114

 

 
114

Total
$
86,046

 
$
779

 
$

 
$
86,825

 
$
58,063

 
$
114

 
$

 
$
58,177

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Forward currency contracts
$

 
$
260

 
$

 
$
260

 
$

 
$
1,276

 
$

 
$
1,276

Put option

 

 
8,002

 
8,002

 

 

 
5,768

 
5,768

Subsidiary equity awards

 

 
3,571

 
3,571

 

 

 

 

Contingent consideration

 

 
62,475

 
62,475

 

 

 
70,039

 
70,039

Total
$

 
$
260

 
$
74,048

 
$
74,308

 
$

 
$
1,276

 
$
75,807

 
$
77,083

Fair Value of Debt
The following table presents the estimated fair values of the Company’s senior notes and convertible senior notes at December 31, 2018 and 2017:
 
Estimated Fair Value at:
 
December 31, 2018
 
December 31, 2017
 
Level 2
 
(in thousands)
4.875% Senior Notes due 2024
$
552,368

 
$
592,325

5.625% Senior Notes due 2026
$
302,097

 
$

5.375% Senior Notes due 2022
$
251,390

 
$
259,233

2.5% Convertible Senior Notes due 2023
$
561,699

 
$

2.5% Convertible Senior Notes due 2019
$
40,710

 
$
310,635

Fair Value of Assets Measured on a Non-recurring Basis
The following table shows the fair value of the Company’s financial assets that have been adjusted to fair value on a non-recurring basis which had a significant impact on the Company’s results of operations for the years ended December 31, 2018 and 2017:
 
 
Fair Value
 
Fair Value Measurements Using
 
Loss
Description
 
Measurement
 
Level 1
 
Level 2
 
Level 3
 
(Gain)
 
 
(in thousands)
2018
 
 
 
 
 
 
 
 
 
 
Goodwill
 
$
20,332

 
$

 
$

 
$
20,332

 
$
10,500

2017
 
 
 
 
 
 
 
 
 
 
Goodwill
 
$
30,832

 
$

 
$

 
$
30,832

 
$
20,000