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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2018
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 March 31, 2018 (Successor) (in thousands).
 
Fair Value Measurements
 
Successor as of
 
March 31, 2018
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)
$
4,964

 
$
4,964

 
$

 
$

Derivative contracts
417

 

 

 
417

Total
$
5,381

 
$
4,964

 
$

 
$
417

 
 
Fair Value Measurements
 
Successor as of
 
March 31, 2018
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
$
17,711

 
$

 
$
15,330

 
$
2,381

Total
$
17,711

 
$

 
$
15,330

 
$
2,381


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

Fair Value, Liabilities 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 three months ended March 31, 2018 (Successor) (in thousands).
 
 
Hedging Contracts, net
Balance as of January 1, 2018 (Successor)
 
$
(1,065
)
Total gains/(losses) (realized or unrealized):
 
 
Included in earnings
 
(1,579
)
Included in other comprehensive income
 

Purchases, sales, issuances and settlements
 
680

Transfers in and out of Level 3
 

Balance as of March 31, 2018 (Successor)
 
$
(1,964
)
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 March 31, 2018
 
$
(4,702
)