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Fair Value (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value

The following table presents the Company’s assets and liabilities that are measured at fair value and the related hierarchy levels as of December 31, 2015:

					Fair Value Measurements at Reporting Date Using
	December 31, 2015				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Mortgage-backed securities	$	650			$	—			$	650			$	—
Asset-backed securities	848				—				848				—
Municipal bonds	398				—				398				—
Fixed-income mutual fund	16,666				16,666				—				—
Total available-for-sale securities	$	18,562			$	16,666			$	1,896			$	—
Executive deferred compensation plan trust (a)	$	5,655			$	5,655			$	—			$	—
Fuel price derivatives – unleaded fuel (b)	$	3,083			$	—			$	3,083			$	—
Fuel price derivatives – diesel (b)	1,924				—				—				1,924
Total fuel price derivatives	$	5,007			$	—			$	3,083			$	1,924
Liabilities:
Foreign currency swaps (c)	$	90			$	—			$	90			$	—

^(a)  The fair value of these instruments is recorded in Other assets.

^(b)  The balance sheet presentation combines unleaded fuel and diesel fuel positions.

^(c)  The fair value of these instruments is recorded in Accounts payable.

The following table presents the Company’s assets that are measured at fair value and the related hierarchy levels as of September 30, 2016:

					Fair Value Measurements at Reporting Date Using
	September 30, 2016				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Mortgage-backed securities	$	499			$	—			$	499			$	—
Asset-backed securities	688				—				688				—
Municipal bonds	708				—				708				—
Fixed-income mutual fund	22,265				22,265				—				—
Total available-for-sale securities	$	24,160			$	22,265			$	1,895			$	—
Executive deferred compensation plan trust (a)	$	5,716			$	5,716			$	—			$	—
Liabilities:
Foreign currency swaps (b)	$	9			$	—			$	9			$	—

^(a)  The fair value of these instruments is recorded in Other assets.

^(b)  The fair value of these instruments is recorded in Accounts payable.

Reconciliation of Beginning and Ending Balances for Assets and Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs

The following table presents a reconciliation of the beginning and ending balances for fuel-price derivative assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the nine months ended:

		September 30, 2016				September 30, 2015
		Fuel Price Derivatives – Diesel				Fuel Price Derivatives – Diesel
Beginning balance, January 1, 2016 and 2015, respectively		$	1,924			$	11,848
Total (losses) and gains – realized/unrealized
Included in earnings (a)		(1,924		)		(7,403		)
Included in other comprehensive income		—				—
Purchases, issuances and settlements		—				—
Transfers (in)/out of Level 3		—				—
Ending balance September 30, 2016 and 2015, respectively		$	—			$	4,445

^(a)  Gains and losses for the nine months ended September 30, 2016 and 2015 are reported in net realized and unrealized losses on fuel price derivatives on the unaudited condensed consolidated statements of income.

The following table presents a reconciliation of the beginning and ending balances for fuel-price derivative assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended September 30, 2015:

		Fuel Price Derivatives – Diesel
Beginning balance, July 1 2015		$	6,078
Total gains and (losses) – realized/unrealized
Included in earnings (a)		(1,633		)
Included in other comprehensive income		—
Purchases, issuances and settlements		—
Transfers (in)/out of Level 3		—
Ending balance, September 30 2015		$	4,445

^(a)  Gains and losses for the three months ended September 30, 2015 are reported in net realized and unrealized losses on fuel price derivatives on the unaudited condensed consolidated statements of income.

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13476-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13467-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13433-108611

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