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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents assets and liabilities measured and recorded at fair value in the Company’s condensed consolidated balance sheets on a recurring basis by and their level within the fair value hierarchy as of (in thousands):

Level 1

Level 2

Level 3

Total
June 30, 2017
 

 

 

 
Non-trading commodity derivative assets
$
—


$
487


$
—


$
487

Trading commodity derivative assets
67


403


—


470

Total commodity derivative assets
$
67


$
890


$
—


$
957

Non-trading commodity derivative liabilities
$
(160
)

$
(10,394
)

$
—


$
(10,554
)
Trading commodity derivative liabilities
(51
)

(53
)

—


(104
)
Total commodity derivative liabilities
$
(211
)

$
(10,447
)

$
—


$
(10,658
)
Contingent payment arrangement
$
—

 
$
—

 
$
(9,842
)
 
$
(9,842
)

Level 1

Level 2

Level 3

Total
December 31, 2016







Non-trading commodity derivative assets
$
1,511


$
9,385


$
—


$
10,896

Trading commodity derivative assets
101


430


—


531

Total commodity derivative assets
$
1,612


$
9,815


$
—


$
11,427

Non-trading commodity derivative liabilities
$
—


$
(661
)

$
—


$
(661
)
Trading commodity derivative liabilities
—


(87
)

—


(87
)
Total commodity derivative liabilities
$
—


$
(748
)

$
—


$
(748
)
Contingent payment arrangement
$
—

 
$
—

 
$
(22,653
)
 
$
(22,653
)
Fair Value, Liabilities Measured on Recurring Basis
The following tables present reconciliations of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended June 30, 2017 and December 31, 2016.
 
 
Major Earnout and Stock Earnout
 
Provider Earnout
 
Total
Fair value at December 31, 2016
 
$
17,760

 
$
4,893

 
$
22,653

Change in fair value of contingent consideration, net
 
(3,068
)
 
500

 
(2,568
)
Accretion of contingent earnout consideration (included within interest expense)
 
2,553

 
107

 
2,660

Payments (1)
 
(7,403
)
 
(5,500
)
 
(12,903
)
Fair Value at June 30, 2017
 
$
9,842

 
$
—

 
$
9,842

(1) Payments include pay downs at maturity