Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Measurements

Schedule of assets and liabilities measured at fair value on a recurring basis

The following table sets forth financial assets and liabilities measured at fair value on a recurring basis in the consolidated balance sheet and the respective levels to which the fair value measurements are classified within the fair value hierarchy as of March 31, 2016, and December 31, 2015 (in thousands):

	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
March 31, 2016
Commodity futures — financial assets	$	1,642	$	—	$	1,642	$	—
Commodity futures — financial liabilities	3,177		—		3,177		—
December 31, 2015
Commodity futures — financial assets	$	1,765	$	—	$	1,765	$	—
Commodity futures — financial liabilities	3,925		—		3,925		—