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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
Financial assets and liabilities measured at fair value on a recurring basis
The following fair value hierarchy table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:
(In thousands)
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
 
Balance at
June 30, 2015
Assets
 
 

 
 

 
 

 
 

     Deferred compensation plan
 
$
13,282

 
$

 
$

 
$
13,282

     Derivative contracts
 

 
28,180

 
47,998

 
76,178

     Total assets
 
$
13,282

 
$
28,180

 
$
47,998

 
$
89,460

Liabilities
 
 
 
 

 
 

 
 

     Deferred compensation plan
 
$
30,130

 
$

 
$

 
$
30,130

     Total liabilities
 
$
30,130

 
$

 
$

 
$
30,130

(In thousands)
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable Inputs
(Level 3)
 
Balance at
December 31, 2014
Assets
 
 

 
 

 
 

 
 

     Deferred compensation plan
 
$
13,115

 
$

 
$

 
$
13,115

     Derivative contracts
 

 
51,645

 
85,958

 
137,603

     Total assets
 
$
13,115

 
$
51,645

 
$
85,958

 
$
150,718

Liabilities
 
 

 
 

 
 

 
 

     Deferred compensation plan
 
$
28,932

 
$

 
$

 
$
28,932

     Total liabilities
 
$
28,932

 
$

 
$

 
$
28,932

Reconciliation of changes in the fair value of financial assets and liabilities classified as level 3
The following table sets forth a reconciliation of changes in the fair value of financial assets and liabilities classified as Level 3 in the fair value hierarchy:
 
 
Six Months Ended 
 June 30,
(In thousands)
 
2015
 
2014
Balance at beginning of period
 
$
85,958

 
$
(3,910
)
Total gains (losses) (realized or unrealized):
 
 

 
 

     Realized and unrealized gains (losses) included in earnings
 
12,662

 
(77,935
)
     Included in other comprehensive income
 

 
(38,412
)
Settlements
 
(50,622
)
 
93,342

Transfers in and/or out of Level 3
 

 

Balance at end of period
 
$
47,998

 
$
(26,915
)
 
 
 
 
 
Change in unrealized gains (losses) relating to assets and liabilities still held at the end of the period
 
$
(37,961
)
 
$
15,407

Carrying amounts and fair values of debt
The carrying amounts and fair values of debt are as follows:
 
 
June 30, 2015
 
December 31, 2014
(In thousands)
 
Carrying
Amount
 
Estimated Fair
Value
 
Carrying
Amount
 
Estimated Fair
Value
Debt
 
$
1,995,000

 
$
2,028,913

 
$
1,752,000

 
$
1,850,867