| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
The following table provides a summary of the company’s assets and liabilities that are measured on a recurring basis (in thousands): | | | | | | | | | | | | | | | | | | Basis for Fair Value Measurements at Reporting Date | | | Quoted Prices in Active Markets for Identical Assets / (Liabilities) | | Significant Other Observable Inputs | | Significant Other Unobservable Inputs | Total | | Level I | | Level II | | Level III | December 31, 2016: | | | | | | | | Forward Exchange Contracts—net | $ | 971 |
| | — |
| | $ | 971 |
| | — |
| Convertible debt conversion liability | (30,708 | ) | | — |
| | (30,708 | ) | | — |
| Convertible note hedge asset | 25,471 |
| | — |
| | 25,471 |
| | — |
| December 31, 2015: | | | | | | | | Forward Exchange Contracts—net | $ | 2,129 |
| | — |
| | $ | 2,129 |
| | — |
|
|
| Fair Value, by Balance Sheet Grouping |
The carrying and fair values of the company’s financial instruments at December 31, 2016 and 2015 are as follows (in thousands): | | | | | | | | | | | | | | | | | | 2016 | | 2015 | | Carrying Value | | Fair Value | | Carrying Value | | Fair Value | Cash and cash equivalents | $ | 124,234 |
| | $ | 124,234 |
| | $ | 60,055 |
| | $ | 60,055 |
| Other investments | 108 |
| | 108 |
| | 160 |
| | 160 |
| Installment receivables, net of reserves | 1,834 |
| | 1,834 |
| | 1,793 |
| | 1,793 |
| Long-term debt (including current maturities of long-term debt) * | (161,349 | ) | | (164,900 | ) | | (47,120 | ) | | (47,369 | ) | Convertible debt conversion liability in Other Long-Term Obligations | (30,708 | ) | | (30,708 | ) | | — |
| | — |
| Convertible note hedge in Other Long-Term Assets | 25,471 |
| | 25,471 |
| | — |
| | — |
| Forward contracts in other current assets | 2,754 |
| | 2,754 |
| | 4,143 |
| | 4,143 |
| Forward contracts in accrued expenses | (1,783 | ) | | (1,783 | ) | | (2,014 | ) | | (2,014 | ) |
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