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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
The following table presents the Company's assets and liabilities that are measured at fair value as of March 31, 2013: 
 
 
Fair Value Measurement at the End of the
Reporting Period Using
 
 
 
 
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Fair Value at March 31, 2013
 
 
(in thousands)
Recurring fair value measurements
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
Trading securities
 
$
158

 
$
142

 
$

 
$
300

Commodity derivatives
 

 
246,552

 

 
246,552

Deferred compensation plan assets
 
53,768

 

 

 
53,768

Total assets
 
53,926

 
246,694

 

 
300,620

Liabilities:
 
 
 
 
 
 
 
 
Commodity derivatives
 

 
28,001

 

 
28,001

Interest rate derivatives
 

 
5,784

 

 
5,784

Total liabilities
 

 
33,785

 

 
33,785

Total recurring fair value measurements
 
$
53,926

 
$
212,909

 
$

 
$
266,835

Schedule of carrying values and financial instruments not carried at fair value
Carrying values and fair values of financial instruments that are not carried at fair value in the consolidated balance sheet as of March 31, 2013 and December 31, 2012 are as follows: 

 
 
March 31, 2013
 
December 31, 2012
 
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
 
 
(in thousands)
Long-term debt
 
$
3,017,280

 
$
3,768,884

 
$
3,721,193

 
$
4,555,770