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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2014
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, 2014:

 

  Fair Value Measurements at December 31, 2014  

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)

     $8,425           $8,425           $  -           $  -     

Derivative contracts

     153,512           -           153,512           -     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

      $161,937            $8,425            $153,512                $  -     
  

 

 

    

 

 

    

 

 

    

 

 

 
  Fair Value Measurements at December 31, 2014  

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

     $  -           $  -           $  -           $  -     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

          $  -                $  -                $  -                $  -     
  

 

 

    

 

 

    

 

 

    

 

 

 

The following tables present our assets and liabilities that are measured at fair value on a recurring basis at December 31, 2013:

 

 

  Fair Value Measurements at December 31, 2013  

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)

     $8,248           $8,248           $  -           $  -     

Derivative contracts

     5,927           -           5,927           -     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

        $14,175              $8,248              $5,927                    $  -     
  

 

 

    

 

 

    

 

 

    

 

 

 
  Fair Value Measurements at December 31, 2013  

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

             $8,223               $  -           $8,223         $  -     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

  $8,223                $  -                $8,223              $  -