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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2013
Fair Value Measurements |
Schedule of financial assets and liabilities measured at estimated fair value on a recurring basis | The following table presents information about our financial assets and liabilities that are measured at estimated fair value on a recurring basis (in thousands):
|  | Level 1 |  | Level 2 |  | Level 3 |  | Sub-Total |  | Netting and Collateral |  | Total |
As of September 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | 30,913 |  | $ | 44,481 |  | $ | — |  | $ | 75,394 |  | $ | (43,448 | ) | $ | 31,946 |
Foreign currency contracts |  | — |  | 8,556 |  | — |  | 8,556 |  | (7,982 | ) | 574 |
Total |  | $ | 30,913 |  | $ | 53,037 |  | $ | — |  | $ | 83,950 |  | $ | (51,430 | ) | $ | 32,520 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | 14,141 |  | $ | 42,960 |  | $ | — |  | $ | 57,101 |  | $ | (43,113 | ) | $ | 13,988 |
Foreign currency contracts |  | — |  | 16,555 |  | — |  | 16,555 |  | (7,982 | ) | 8,573 |
Inventories |  | — |  | 6,952 |  | — |  | 6,952 |  | — |  | 6,952 |
Total |  | $ | 14,141 |  | $ | 66,467 |  | $ | — |  | $ | 80,608 |  | $ | (51,095 | ) | $ | 29,513 |
As of December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | 18,087 |  | $ | 57,682 |  | $ | — |  | $ | 75,769 |  | $ | (56,115 | ) | $ | 19,654 |
Foreign currency contracts |  | — |  | 2,434 |  | — |  | 2,434 |  | (2,289 | ) | 145 |
Inventories |  | — |  | 818 |  | — |  | 818 |  | (525 | ) | 293 |
Total |  | $ | 18,087 |  | $ | 60,934 |  | $ | — |  | $ | 79,021 |  | $ | (58,929 | ) | $ | 20,092 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | 20,970 |  | $ | 44,732 |  | $ | — |  | $ | 65,702 |  | $ | (49,562 | ) | $ | 16,140 |
Foreign currency contracts |  | — |  | 3,845 |  | — |  | 3,845 |  | (2,289 | ) | 1,556 |
Inventories |  | — |  | 525 |  | — |  | 525 |  | (525 | ) | — |
Total |  | $ | 20,970 |  | $ | 49,102 |  | $ | — |  | $ | 70,072 |  | $ | (52,376 | ) | $ | 17,696 |
Schedule of derivative instruments at fair value and their locations on the balance sheets | The following table presents information regarding the balance sheet location of our commodity and foreign currency contracts net assets and liabilities (in thousands):
|  | As of |
|  | September 30, 2013 |  | December 31, 2012 |
Commodity Contracts |  |  |  |  |
Assets: |  |  |  |  |
Other current assets |  | $ | 30,146 |  | $ | 18,277 |
Identifiable intangible and other non-current assets |  | 1,800 |  | 1,377 |
Total net assets |  | $ | 31,946 |  | $ | 19,654 |
Liabilities: |  |  |  |  |
Accrued expenses and other current liabilities |  | $ | 13,526 |  | $ | 15,152 |
Other long-term liabilities |  | 462 |  | 988 |
Total net liabilities |  | $ | 13,988 |  | $ | 16,140 |
Foreign Currency Contracts |  |  |  |  |
Assets: |  |  |  |  |
Other current assets |  | $ | 574 |  | $ | 145 |
Total net assets |  | $ | 574 |  | $ | 145 |
Liabilities: |  |  |  |  |
Accrued expenses and other current liabilities |  | $ | 8,485 |  | $ | 1,458 |
Other long-term liabilities |  | 88 |  | 98 |
Total net liabilities |  | $ | 8,573 |  | $ | 1,556 |
Schedule of assets and liabilities that are measured at fair value on a recurring basis that utilized Level 3 inputs | The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis that utilized Level 3 inputs for the periods presented (in thousands):
|  | Beginning of Period |  | Total Gains (Losses) Included in Earnings |  | Settlements |  | End of Period |  | Change in Unrealized Gains Relating to Assets that are Held at end of Period |  | Location of Total Gains Included in Earnings |
Three months ended September 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | 89 |  | $ | 69 |  | $ | 20 |  | $ | — |  | $ | — |  | Cost of revenue |
Three months ended September 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | — |  | $ | 2,060 |  | $ | 313 |  | $ | 1,747 |  | $ | 1,747 |  | Revenue |
Nine months ended September 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | — |  | $ | (20 | ) | $ | 20 |  | $ | — |  | $ | — |  | Cost of revenue |
Nine months ended September 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | — |  | $ | 2,060 |  | $ | 313 |  | $ | 1,747 |  | $ | 1,747 |  | Revenue |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Earn-out |  | $ | 4,194 |  | $ | (110 | ) | $ | 4,304 |  | $ | — |  | $ | — |  | Other (expense) income, net |

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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 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 Reference 2: 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=28364263&loc=d3e13433-108611 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=28364263&loc=d3e13467-108611 Reference 4: 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=28364263&loc=d3e13476-108611 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 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 + Details
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