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Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Financial Assets Measured at Fair Value on a Recurring Basis
The following table presents information about our financial assets that are measured at fair value on a recurring basis, and indicates the fair value hierarchy of the valuation techniques we utilize to determine such fair value at September 30, 2019 and December 31, 2018 (in thousands).
 
 
Fair Value as of September 30, 2019
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Equity securities
 
$
21

 
$
27

 
$

 
$
48

Lumber derivative contracts
 
(2
)
 

 

 
(2
)
Total
 
$
19

 
$
27

 
$

 
$
46

 
 
Fair Value as of December 31, 2018
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Equity securities
 
$
153

 
$
6

 
$

 
$
159

Lumber derivative contracts
 

 

 

 

Total
 
$
153

 
$
6

 
$

 
$
159