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Derivative Instruments (Tables) | 6 Months Ended
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Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Outstanding Trading Contracts |
| Quantity in |  | Estimated Market |  | Weighted Average
At June 30, 2015 | Gallons |  | Prices |  | Contract Prices
Forward Contracts |  |  |  |  |
Sale | 4,620,000 |  |  | $0.3475 - $0.5288 |  | $ | 0.4760 |
Purchase | 4,620,000 |  |  | $0.3550 - $0.5025 |  | $ | 0.4322 |
Estimated market prices and weighted average contract prices are in dollars per gallon. All contracts expire by the end of the fourth quarter of 2015.
Fair Values of Derivative Contracts Recorded in Condensed Consolidated Balance Sheet | air values of the derivative contracts recorded in the condensed consolidated balance sheets as of June 30, 2015 and December 31, 2014, are as follows:
|  | Asset Derivatives
|  |  |  | Fair Value As Of
(in thousands) |  | Balance Sheet Location |  | June 30, 2015 |  | December 31, 2014
Derivatives not designated as hedging instruments |  |  |  |  |  |
Forward contracts |  | Mark-to-market energy assets |  | $ | 212 |  |  | $ | 407 |
Derivatives designated as fair value hedges |  |  |  |  |  |
Put options |  | Mark-to-market energy assets |  | 110 |  |  | 622 |
Derivatives designated as cash flow hedges |  |  |  |  |  |
Call options |  | Mark-to-market energy assets |  | — |  |  | 26 |
Propane swap agreements |  | Mark-to-market energy assets |  | 36 |  |  | — |
Total asset derivatives |  |  |  | $ | 358 |  |  | $ | 1,055 |
|  | Liability Derivatives
|  |  |  | Fair Value As Of
(in thousands) |  | Balance Sheet Location |  | June 30, 2015 |  | December 31, 2014
Derivatives not designated as hedging instruments |  |  |  |  |  |
Forward contracts |  | Mark-to-market energy liabilities |  | $ | 9 |  |  | $ | 283 |
Propane swap agreements |  | Mark-to-market energy liabilities |  | — |  |  | 735 |
Derivatives designated as cash flow hedges |  |  |  |  |  |
Propane swap agreements |  | Mark-to-market energy liabilities |  | 38 |  |  | — |
Total liability derivatives |  |  |  | $ | 47 |  |  | $ | 1,018 |
Effects of Gains and Losses from Derivative Instruments on Condensed Consolidated Financial Statements | The effects of gains and losses from derivative instruments on the condensed consolidated financial statements are as follows:
|  |  |  | Amount of Gain (Loss) on Derivatives:
|  | Location of Gain |  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
(in thousands) |  | (Loss) on Derivatives |  | 2015 |  | 2014 |  | 2015 |  | 2014
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Realized gain (loss) on forward contracts (1) |  | Revenue |  | $ | (71 | ) |  | $ | 84 |  |  | $ | 206 |  |  | $ | 1,330 |
Unrealized gain (loss) on forward contracts |  | Revenue |  | 203 |  |  | 6 |  |  | 78 |  |  | (62 | )
Call option |  | Cost of sales |  | — |  |  | — |  |  | — |  |  | 137 |
Propane swap agreements |  | Cost of sales |  | — |  |  | — |  |  | 18 |  |  | — |
Derivatives designated as fair value hedges |  |  |  |  |  |  |  |  |  |
Put options |  | Cost of sales |  | — |  |  | (29 | ) |  | 506 |  |  | (49 | )
Put options (2) |  | Propane Inventory |  | (30 | ) |  | — |  |  | (34 | ) |  | — |
Derivatives designated as cash flow hedges |  |  |  |  |  |  |  |  |  |
Propane swap agreements |  | Other Comprehensive loss |  | 10 |  |  | (2 | ) |  | (2 | ) |  | (2 | )
Call options |  | Cost of sales |  | — |  |  | — |  |  | (81 | ) |  | — |
Total |  |  |  | $ | 112 |  |  | $ | 59 |  |  | $ | 691 |  |  | $ | 1,354 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41641-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579245-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579240-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41620-113959 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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