Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Financial Instruments, Owned, at Fair Value [Abstract]

Fair Value Measurements Of Asset and Liability Instruments

The carrying amounts of derivative instruments and RINs credit obligations at September 30, 2019 and December 31, 2018 were as follows:

			Fair Value by Input Level
	Carrying Amount		Level 1		Level 2		Level 3
	(In thousands)
September 30, 2019
Assets:
NYMEX futures contracts	$	2,976	$	2,976	$	—	$	—
Foreign currency forward contracts	2,511		—		2,511		—
Commodity price swaps	18,007		—		18,007		—
Commodity forward contracts	1,453		—		1,453		—
Total assets	$	24,947	$	2,976	$	21,971	$	—
Liabilities:
Foreign currency forward contracts	$	17	$	—	$	17	$	—
Commodity price swaps	1,094		—		1,094		—
Commodity forward contracts	1,367		—		1,367		—
Total liabilities	$	2,478	$	—	$	2,478	$	—

				Fair Value by Input Level
Financial Instrument		Carrying Amount		Level 1		Level 2		Level 3
	(In thousands)
December 31, 2018
Assets:
NYMEX futures contracts		$	2,473	$	2,473	$	—	$	—
Foreign currency forward contracts		25,956		—		25,956		—
Commodity price swaps		10,817		—		10,817		—
Commodity forward contracts		1,034		—		1,034		$	—
Total assets		$	40,280	$	2,473	$	37,807	$	—
Liabilities:
Commodity price swaps		$	956	$	—	$	956	$	—
Commodity forward contracts		1,137		—		1,137		—
RINs credit obligations (1)		4,084		—		4,084		—
Total liabilities		$	6,177	$	—	$	6,177	$	—

(1)

Represent obligations for RINs credits for which we did not have sufficient quantities at December 31, 2018 to satisfy our Environmental Protection Agency (“EPA”) regulatory blending requirements.