Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

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, 2020 and December 31, 2019 were as follows:

			Fair Value by Input Level
	Carrying Amount		Level 1		Level 2		Level 3
	(In thousands)
September 30, 2020
Assets:
NYMEX futures contracts	$	1,530	$	1,530	$	—	$	—
Commodity price swaps	2,820		—		2,820		—
Commodity forward contracts	71		—		71		—
Total assets	$	4,421	$	1,530	$	2,891	$	—
Liabilities:
Commodity price swaps	$	134	$	—	$	134	$	—
Commodity forward contracts	58		—		58		—
Foreign currency forward contracts	3,589		—		3,589		—
RINs credit obligations (1)	6,710		—		6,710		—
Total liabilities	$	10,491	$	—	$	10,491	$	—

December 31, 2019
Assets:
Commodity price swaps	$	13,455	$	—	$	13,455	$	—
Commodity forward contracts	4,133		—		4,133		$	—
Total assets	$	17,588	$	—	$	17,588	$	—
Liabilities:
NYMEX futures contracts	$	2,578	$	2,578	$	—	$	—
Commodity price swaps	1,230		—		1,230		—
Commodity forward contracts	3,685		—		3,685		—
Foreign currency forward contracts	6,722		—		6,722		—
Total liabilities	$	14,215	$	2,578	$	11,637	$	—

(1) Represent obligations for RINs credits for which we did not have sufficient quantities at September 30, 2020 to satisfy our EPA regulatory blending requirements.