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Derivative instruments (Tables)
9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments, gain (losses)
The gains and losses on derivative instruments were as follows:
 
Three Months Ended
Nine Months Ended
 
September 30,
September 30,
 
2016

2015

2016

2015

 
(In thousands)
Interest rate derivatives designated as cash flow hedges:
 
 
 
 
Amount of loss reclassified from accumulated other comprehensive loss into interest expense (effective portion), net of tax
$
92

$
100

$
275

$
299

Commodity derivatives not designated as hedging instruments:
 
 
 
 
Amount of gain (loss) recognized in discontinued operations, before tax

9,607


(9,702
)
Derivative instruments
The location and fair value of the gross amount of the Company's derivative instruments on the Consolidated Balance Sheets were as follows:
Asset
Derivatives
Location on
Consolidated
Balance Sheets
Fair Value at September 30, 2015

 
 
(In thousands)
Not designated as hedges:
 
Commodity derivatives
Current assets held for sale
$
8,633

Total asset derivatives
 
$
8,633

Offsetting assets master netting
The gross derivative instruments (excluding settlement receivables and payables that may be subject to the same master netting agreements) presented on the Consolidated Balance Sheets and the amount eligible for offset under the master netting agreements are presented in the following table:
September 30, 2015
Gross Amounts Recognized on the Consolidated Balance Sheets

Gross Amounts Not Offset on the Consolidated Balance Sheets

Net

 
(In thousands)
Assets:
 
 
 
Commodity derivatives
$
8,633

$

$
8,633

Total assets
$
8,633

$

$
8,633