Fair Value Measurements
The Companymeasures certain financial assets and liabilities at fair value on a
recurring basis, including derivatives and available-for-sale securities. Fair
value is the price the Company would receive to sell an asset or pay to transfer
a liability in an orderly transaction with a market participant at the
measurement date. The Company uses a three-level hierarchy established by
the Financial Accounting Standards Board (“FASB”) that prioritizes fair value
measurements based on the types of inputs used for the various valuation
techniques (market approach, income approach and cost