XML 96 R38.htm IDEA: XBRL DOCUMENT v3.2.0.727
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Summary Of Assets And Liabilities Accounted At Fair Value On A Recurring Basis
The following tables summarize, by level within the fair value hierarchy, the Company's assets and liabilities that were accounted for at fair value on a recurring basis:
 
 
June 30, 2015
 
 
Level 1
 
Level 2
 
Total
Derivative instruments
 
 
 
 
 
 
Risk management assets—Commodity forward contracts
 
$
3,958

 
$
914

 
$
4,872

Risk management liabilities—Commodity forward contracts
 
(1,825
)
 
(4,668
)
 
(6,493
)
Marketable securities
 
 
 
 
 
 
Available-for-sale securities
 
5,074

 

 
5,074

 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
Level 1
 
Level 2
 
Total
Derivative instruments
 
 
 
 
 
 
Risk management assets—Commodity forward contracts
 
$
3,143

 
$
2

 
$
3,145

Risk management liabilities—Commodity forward contracts
 

 
(10,108
)
 
(10,108
)
Marketable securities
 
 
 
 
 
 
Available-for-sale securities
 
15,414

 

 
15,414

Summary Of Carrying And Fair Values Of Long-Term Debt
The carrying and fair values of the Company's long-term debt are summarized in the table below. The Company's long-term debt instruments are publicly-traded. A market approach, based upon quotes from financial reporting services, is used to measure the fair value of the Company's long-term debt. Because the Company's long-term debt instruments may not be actively traded, the inputs used to measure the fair value of the Company's long-term debt are classified as Level 2 inputs within the fair value hierarchy.
 
 
June 30, 2015
 
December 31, 2014
 
 
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
3.60% senior notes due 2022
 
$
249,167

 
$
251,118

 
$
249,108

 
$
248,630

6 ½% senior notes due 2029
 
100,000

 
119,018

 
100,000

 
116,384

6 ¾% senior notes due 2032
 
250,000

 
277,375

 
250,000

 
285,545

6 ½% GO Zone Senior Notes Due 2035
 
89,000

 
104,498

 
89,000

 
106,504

6 ½% IKE Zone Senior Notes Due 2035
 
65,000

 
75,485

 
65,000

 
77,784

Loan related to tax-exempt waste disposal revenue
   bonds due 2027
 
10,889

 
10,889

 
10,889

 
10,889