XML 62 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value Recurring Basis
The following tables present our assets and liabilities that are measured at fair value on a recurring basis at December 31, 2017 (Successor) (in thousands):
 
 
Fair Value Measurements
 
 
Successor as of
 
 
December 31, 2017
Assets
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Marketable securities (Other assets)
 
$
5,081

 
$
5,081

 
$

 
$

Derivative contracts
 
879

 

 

 
879

Total
 
$
5,960

 
$
5,081

 
$

 
$
879

 
 
Fair Value Measurements
 
 
Successor as of
 
 
December 31, 2017
Liabilities
 
Total
 
Quoted Prices in
Active Markets for
Identical Liabilities
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Derivative contracts
 
$
12,054

 
$

 
$
10,110

 
$
1,944

Total
 
$
12,054

 
$

 
$
10,110

 
$
1,944

We had no liabilities measured at fair value on a recurring basis at December 31, 2016. The following table presents our assets that are measured at fair value on a recurring basis at December 31, 2016 (Predecessor) (in thousands):
 
 
Fair Value Measurements
 
 
Predecessor as of
 
 
December 31, 2016
Assets
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Marketable securities (Other assets)
 
$
8,746

 
$
8,746

 
$

 
$

Total
 
$
8,746

 
$
8,746

 
$

 
$

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The table below presents a reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the period from March 1, 2017 through December 31, 2017 (Successor) and the period from January 1, 2017 through February 28, 2017 (Predecessor) (in thousands):
 
 
Hedging Contracts, net
 
 
Successor
 
 
Predecessor
 
 
Period from
March 1, 2017
through
December 31, 2017
 
 
Period from
January 1, 2017
through
February 28, 2017
Beginning balance
 
$
3,087

 
 
$

Total gains/(losses) (realized or unrealized):
 
 
 
 
 
Included in earnings
 
(5,201
)
 
 
(649
)
Included in other comprehensive income
 

 
 

Purchases, sales, issuances and settlements
 
1,049

 
 
3,736

Transfers in and out of Level 3
 

 
 

Ending balance
 
$
(1,065
)
 
 
$
3,087

The amount of total gains/(losses) for the period included in earnings (derivative income) attributable to the change in unrealized gain/(losses) relating to derivatives still held at December 31, 2017
 
$
(4,699
)