| Schedule of recurring fair value measurements |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefit Plan |
|
| |
|
Fair |
|
|
|
|
|
|
|
|
|
|
|
Percentage |
|
| |
|
Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Allocation |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative financial instruments |
|
$ |
2,438 |
|
|
$ |
2,438 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
| Long-lived assets held-for-sale |
|
|
70,400 |
|
|
|
|
|
|
|
|
|
|
|
70,400 |
|
|
|
|
|
| Defined benefit plan assets(1) (pooled separate
accounts): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Large U.S. Equity(2) |
|
|
4,654 |
|
|
|
— |
|
|
|
4,654 |
|
|
|
— |
|
|
|
30 |
% |
| Small/Mid U.S. Equity(3) |
|
|
2,348 |
|
|
|
— |
|
|
|
2,348 |
|
|
|
— |
|
|
|
15 |
% |
| International Equity(4) |
|
|
2,596 |
|
|
|
— |
|
|
|
2,596 |
|
|
|
— |
|
|
|
17 |
% |
| Fixed Income(5) |
|
|
6,056 |
|
|
|
— |
|
|
|
6,056 |
|
|
|
— |
|
|
|
38 |
% |
| |
|
$ |
88,492 |
|
|
$ |
2,438 |
|
|
$ |
15,654 |
|
|
$ |
70,400 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative financial instruments |
|
$ |
(1,860 |
) |
|
$ |
(1,860 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
| Warrants |
|
|
(977 |
) |
|
|
— |
|
|
|
— |
|
|
|
(977 |
) |
|
|
|
|
| |
|
$ |
(2,837 |
) |
|
$ |
(1,860 |
) |
|
$ |
— |
|
|
$ |
(977 |
) |
|
|
|
|
The following table summarizes recurring
fair value measurements by level at December 31, 2018 (in thousands):
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
Benefit Plan |
|
| |
|
Fair |
|
|
|
|
|
|
|
|
|
|
|
Percentage |
|
| |
|
Value |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Allocation |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative financial instruments |
|
$ |
1,765 |
|
|
$ |
1,765 |
|
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
| Defined benefit plan assets(1) (pooled separate
accounts): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Large U.S. Equity(2) |
|
|
3,621 |
|
|
|
— |
|
|
|
3,621 |
|
|
|
— |
|
|
|
27 |
% |
| Small/Mid U.S. Equity(3) |
|
|
1,844 |
|
|
|
— |
|
|
|
1,844 |
|
|
|
— |
|
|
|
14 |
% |
| International Equity(4) |
|
|
2,106 |
|
|
|
— |
|
|
|
2,106 |
|
|
|
— |
|
|
|
16 |
% |
| Fixed Income(5) |
|
|
5,686 |
|
|
|
— |
|
|
|
5,686 |
|
|
|
— |
|
|
|
43 |
% |
| |
|
$ |
15,022 |
|
|
$ |
1,765 |
|
|
$ |
13,257 |
|
|
$ |
— |
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative financial instruments |
|
$ |
(6,309 |
) |
|
$ |
(6,309 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
|
|
|
|
(1) |
See Note 10 for
accounting discussion. |
|
(2) |
This
category includes investments in funds comprised of equity securities of large U.S. companies.
The funds are valued using the net asset value method in which an average of the market
prices for the underlying investments is used to value the fund. |
|
(3) |
This
category includes investments in funds comprised of equity securities of small- and medium-sized
U.S. companies. The funds are valued using the net asset value method in which an average
of the market prices for the underlying investments is used to value the fund. |
|
(4) |
This
category includes investments in funds comprised of equity securities of foreign companies
including emerging markets. The funds are valued using the net asset value method in
which an average of the market prices for the underlying investments is used to value
the fund. |
|
(5) |
This
category includes investments in funds comprised of U.S. and foreign investment-grade
fixed income securities, high-yield fixed income securities that are rated below investment-grade,
U.S. treasury securities, mortgage-backed securities, and other asset-backed securities.
The funds are valued using the net asset value method in which an average of the market
prices for the underlying investments is used to value the fund. |
|