XML 47 R37.htm IDEA: XBRL DOCUMENT
v3.22.1

Derivative Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments [Table Text Block] | As of March 31, 2022, the volume of our commodity derivative contracts were as follows:
Business unit |  | Commodity |  | Contract Type |  | Quantity hedged (in millions) |  | Designation |  | Longest Expiration date of hedge
Sharp |  | Propane (gallons) |  | Purchases |  | 15.5 |  | Cash flows hedges |  | June 2024
Sharp |  | Propane (gallons) |  | Sales |  | 3.8 |  | Cash flows hedges |  | March 2023
Schedule of Due to (from) Broker-Dealers and Clearing Organizations [Table Text Block] |
(in thousands) | Balance Sheet Location |  | March 31, 2022 |  | December 31, 2021
Sharp | Other Accrued Liabilities |  | $ | 3,669 |  |  | $ | 4,081 |
Fair Values of Derivative Contracts Recorded in Condensed Consolidated Balance Sheet | March 31, 2022 and December 31, 2021, are as follows:
|  | Derivative Assets
|  |  |  | Fair Value As Of
(in thousands) |  | Balance Sheet Location |  | March 31, 2022 |  | December 31, 2021
Derivatives not designated as hedging instruments |  |  |  |  |  |
Propane swap agreements |  | Derivative assets, at fair value |  | $ | — |  |  | $ | 16 |
Derivatives designated as cash flow hedges |  |  |  |  |  |
Propane swap agreements |  | Derivative assets, at fair value |  | 7,516 |  |  | 7,060 |
Total Derivative Assets |  |  |  | $ | 7,516 |  |  | $ | 7,076 |
|  | Derivative Liabilities
|  |  |  | Fair Value As Of
(in thousands) |  | Balance Sheet Location |  | March 31, 2022 |  | December 31, 2021
Derivatives designated as cash flow hedges |  |  |  |  |  |
Propane swap agreements |  | Derivative liabilities, at fair value |  | $ | 484 |  |  | $ | 743 |
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 March 31, |  |
(in thousands) |  | (Loss) on Derivatives |  | 2022 |  | 2021 |  |  |  |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |
Propane swap agreements |  | Unregulated propane and natural gas costs |  | $ | 56 |  |  | $ | — |  |  |  |  |
Derivatives designated as fair value hedges |  |  |  |  |  |  |  |  |  |
Propane put options |  | Unregulated propane and natural gas costs |  | — |  |  | (24) |  |  |  |  |
Derivatives designated as cash flow hedges |  |  |  |  |  |  |  |  |  |
Propane swap agreements |  | Revenues |  | (826) |  |  | — |  |  |  |  |
Propane swap agreements |  | Unregulated propane and natural gas costs |  | 3,547 |  |  | 3,047 |  |  |  |  |
Propane swap agreements |  | Other comprehensive income (loss) |  | 714 |  |  | 229 |  |  |  |  |
Interest rate swap agreements |  | Interest expense |  | — |  |  | 4 |  |  |  |  |
Interest rate swap agreements |  | Other comprehensive income (loss) |  | — |  |  | (3) |  |  |  |  |
Total |  |  |  | $ | 3,491 |  |  | $ | 3,253 |  |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of amounts receivable from and payable to broker-dealers and clearing organizations, including securities failed to receive, deposits received for securities loaned, amounts payable to clearing organizations related to open transactions, floor brokerage payables and payables for commodities futures accounts liquidating to an equity balance on a broker-dealer's records. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDueToFromBrokerDealersAndClearingOrganizationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration