Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.8.0.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring
The following table presents information about the Company’s assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2017 and 2016, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.
 
 
December 31, 2017
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant
Unobservable
Inputs 
(Level 3)
Assets:
 
 
 
 
 
 
 
 
Derivative contracts
 
$
1,043

 
$
—

 
$
1,043

 
$
—

Restoration plan assets
 
5,576

 
5,576

 
—

 
—

Total
 
$
6,619

 
$
5,576

 
$
1,043

 
$
—

 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
Derivative contracts
 
$
448

 
$
—

 
$
448

 
$
—

Total
 
$
448

 
$
—

 
$
448

 
$
—

 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
Quoted Prices in
Active Markets
(Level 1) 
 
Significant Other
Observable Inputs
(Level 2) 
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
 
Derivative contracts
 
$
6,434

 
$
—

 
$
6,434

 
$
—

Restoration plan assets
 
5,594

 
5,594

 
—

 
—

Total
 
$
12,028

 
$
5,594

 
$
6,434

 
$
—

 
 
 
 
 
 
 
 
 
Fair Value Measurements, Nonrecurring
The following table presents information about the Company’s assets and liabilities that were measured at fair value on a non-recurring basis as of December 31, 2016. The Company performed its annual impairment test on its indefinite life tradenames on October 1, 2017 and determined that no impairment existed. Refer to Note 13 for additional detail.
Refer to Note 13 to these consolidated financial statements for a description of the valuation techniques the Company utilized to determine such fair value.

 
As of
December 31,
2016
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Losses 
Assets:
 
 
 
 
 
 
 
 
 
Indefinite life trade names(1)
$
153,922

 
$
—

 
$
—

 
$
153,922

 
$
(6,873
)
Total
$
153,922

 
$
—

 
$
—

 
$
153,922

 
$
(6,873
)
 
 
 
 
 
 
 
 
 
 

(1) 
Indefinite life trade names with a carrying amount of $160,795, net of foreign exchange impact, were written down to their implied fair value of $153,922 as part of the Company’s annual impairment assessment on October 1, 2016. This resulted in an impairment charge of $6,873, which was recorded to other operating expense, net, on the consolidated statements of operations.