Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Valuation of Financial Instruments Recorded on Fair Value Basis

The following table summarizes the valuation of our financial instruments recorded on a fair value basis as of December 31, 2015 and 2016:

 

 

Fair value measurements

 

 

 

Total

 

 

Quoted prices

in active

markets

(Level 1)

 

 

Significant

other

observable

inputs

(Level 2)

 

 

Significant

unobservable

inputs

(Level 3)

 

 

 

(In millions)

 

Asset (liability)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Currency forward contracts

 

$

(1.2

)

 

$

(1.2

)

 

$

-

 

 

$

-

 

Interest rate swap contract

 

 

(3.5

)

 

 

-

 

 

 

(3.5

)

 

 

-

 

Noncurrent marketable securities

   (See Note 6)

 

 

2.4

 

 

 

2.4

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contract

 

$

(3.1

)

 

$

-

 

 

$

(3.1

)

 

$

-

 

Noncurrent marketable securities

   (See Note 6)

 

 

6.0

 

 

 

6.0

 

 

 

-

 

 

 

-

 

 
Financial Instruments not Carried at Fair Value but which Require Fair Value Disclosure

The following table presents the financial instruments that are not carried at fair value but which require fair value disclosure as of December 31, 2015 and 2016.

 

 

December 31, 2015

 

 

December 31, 2016

 

 

 

Carrying

amount

 

 

Fair

value

 

 

Carrying

amount

 

 

Fair

value

 

 

(In millions)

 

Cash, cash equivalents and restricted cash

 

$

94.3

 

 

$

94.3

 

 

$

52.3

 

 

$

52.3

 

Variable rate term loan

 

 

338.0

 

 

 

309.5

 

 

 

335.9

 

 

 

334.6

 

Common stockholders' equity

 

 

461.9

 

 

 

653.6

 

 

 

395.0

 

 

 

1,383.8