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]  
Assets and Liabilities Recorded at Fair Value
Assets and liabilities recorded at fair value in the accompanying consolidated balance sheets as of December 31, 2018 and 2017 are as follows:
 
Fair Value Based on
Significant Other Observable
Inputs (Level 2)
  December 31, 2018 December 31, 2017
  (In thousands)
Assets:    
Cash surrender value of life insurance policies (1) $ 31,395  $ 33,747 
Cash flow swaps and interest rate caps designated as hedges (2) 4,839  5,968 
Total assets $ 36,234  $ 39,715 
Liabilities:
Cash flow swaps designated as hedges (3) $ —  $ 1,286 
Deferred compensation plan (4) 19,848  18,417 
Total liabilities $ 19,848  $ 19,703 
(1) Included in other assets in the accompanying consolidated balance sheets.
(2) As of December 31, 2018, approximately $1.8 million and $3.0 million were included in other current assets and other assets, respectively, in the accompanying consolidated balance sheets. As of December 31, 2017, approximately $0.9 million and $5.1 million were included in other current assets and other assets, respectively, in the accompanying consolidated balance sheets.
(3) As of December 31, 2017, approximately $1.0 million and $0.3 million were included in other accrued liabilities and other long-term liabilities, respectively, in the accompanying consolidated balance sheets.
(4) Included in other long-term liabilities in the accompanying consolidated balance sheets.
Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis The carrying value of assets and liabilities measured at fair value on a non-recurring basis but not completely adjusted to fair value in the accompanying consolidated balance sheets as of December 31, 2018, are included in the table below. Certain components of long-lived assets held and used have been adjusted to fair value through impairment charges as discussed in Note 4, “Property and Equipment” and Note 5, “Intangible Assets and Goodwill.”  
Balance as ofBalance as of
December 31, 2018		 SignificantUnobservableInputs(Level 3) as ofSignificant
Unobservable
Inputs (Level 3) as of
December 31, 2018		 Total Gains /(Losses) for theYear EndedTotal Gains/
(Losses) for the
Year Ended
December 31, 2018
(In thousands)
Long-lived assets held and used (1) $ 1,178,489  $ 1,178,489  $ (26,604)
Goodwill (2) $ 509,592  $ 509,592  $ — 
Franchise assets (2) $ 65,700  $ 65,700  $ (2,100)
(1) See Note 1, “Description of Business and Summary of Significant Accounting Policies,” and Note 4, “Property and Equipment.”
(2) See Note 1, “Description of Business and Summary of Significant Accounting Policies,” and Note 5, “Intangible Assets and Goodwill.”
Fair Value and Carrying Value of Fixed Rate Long-Term Debt
The fair value and carrying value of our fixed rate long-term debt were as follows:
  December 31, 2018 December 31, 2017
  Fair Value Carrying Value Fair Value Carrying Value
  (In thousands)
5.0% Notes (1) $ 262,515  $ 289,273  $ 279,148  $ 289,273 
6.125% Notes (1) $ 216,250  $ 250,000  $ 248,750  $ 250,000 
Mortgage Notes (2) $ 218,402  $ 215,196  $ 203,031  $ 199,972 
Other (2) $ 20,437  $ 20,588  $ 3,760  $ 3,947 
(1) As determined by market quotations as of December 31, 2018 and 2017, respectively (Level 1).
(2) As determined by DCF (Level 3).