Derivatives (Tables)

9 Months Ended

Sep. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value Amounts of Derivatives and Placement in Consolidated Balance Sheets

The following table provides information on the fair value amounts (in thousands) of these derivatives as of September 30, 2018 and December 31, 2017 and their placement within our condensed consolidated balance sheets.



	Balance Sheet Location	September 30, 2018			December 31, 2017
		Asset (Liability)
Commodity derivatives (1)	Prepaid and other current assets	$	—		$	2,814
Commodity derivatives	Other accrued liabilities	(2,073		)	(39		)
J. Aron repurchase obligation derivative	Obligations under inventory financing agreements	(8,752		)	(19,564		)
Interest rate derivatives	Prepaid and other current assets	554			1,482
Interest rate derivatives	Other long-term assets	—			2,328

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(1)	Does not include cash collateral of $3.0 million and $0.2 million recorded in Prepaid and other current assets and $7.0 million and $7.0 million in Other long-term assets as of September 30, 2018 and December 31, 2017, respectively.

Pre-Tax Gain (Loss) Recognized in the Statement of Operations

The following table summarizes the pre-tax gains (losses) recognized in Net income (loss) on our condensed consolidated statements of operations resulting from changes in fair value of derivative instruments not designated as hedges charged directly to earnings (in thousands):



		Three Months Ended September 30,						Nine Months Ended September 30,
	Statement of Operations Location	2018			2017			2018		2017
Commodity derivatives	Cost of revenues (excluding depreciation)	$	(2,842	)	$	3,657		$	843	$	26
J. Aron repurchase obligation derivative	Cost of revenues (excluding depreciation)	(4,330		)	(24,041		)	10,812		(4,995		)
Interest rate derivatives	Interest expense and financing costs, net	(21		)	148			1,277		(477		)