Derivative Instruments and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives Reflected in the Consolidated Balance Sheet

The estimated fair value of forward month derivatives instruments reflected in the accompanying unaudited condensed consolidated balance sheets were as follows at the dates indicated (in thousands):

	Balance Sheet Location and Amount
	Current		Other		Current		Other
	Assets		Assets		Liabilities		Liabilities
September 30, 2023
Asset derivatives:
Fair value forward derivative instruments
at gross valuation	$	5	$	—	$	—	$	—
Liability derivatives:
Fair value forward derivative instruments
at gross valuation	—		—		—		—
Less counterparty offsets	—		—		—		—
As reported fair value contracts	$	5	$	—	$	—	$	—
December 31, 2022
Asset derivatives:
Fair value forward derivative instruments
at gross valuation	$	—	$	—	$	—	$	—
Liability derivatives:
Fair value forward derivative instruments
at gross valuation	—		—		330		—
Less counterparty offsets	—		—		—		—
As reported fair value contracts	$	—	$	—	$	330	$	—

Schedule of Derivatives Reflected in the Consolidated Statement of Operations

Forward month derivatives instruments reflected in the accompanying unaudited condensed consolidated statements of operations were as follows for the periods indicated (in thousands):

	Gains (losses)
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
Revenues – marketing	$	—	$	(14)	$	—	$	(9)
Cost and expenses – marketing	(36)		1,878		(335)		1,253

Schedule of Fair value Assets and Liabilities

The following tables set forth, by level with the Level 1, 2 and 3 fair value hierarchy, the carrying values of our financial assets and liabilities at the dates indicated (in thousands):

	Fair Value Measurements Using
	Quoted Prices
	in Active		Significant
	Markets for		Other		Significant
	Identical Assets		Observable		Unobservable
	and Liabilities		Inputs		Inputs		Counterparty
	(Level 1)		(Level 2)		(Level 3)		Offsets		Total
September 30, 2023
Derivatives:
Current assets	$	—	$	5	$	—	$	—	$	5
Current liabilities	—		—		—		—		—
Net value	$	—	$	5	$	—	$	—	$	5
December 31, 2022
Derivatives:
Current assets	$	—	$	—	$	—	$	—	$	—
Current liabilities	—		(330)		—		—		(330)
Net value	$	—	$	(330)	$	—	$	—	$	(330)