Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of assets and liabilities measured at estimated fair value on a recurring basis


									Netting and
	Level 1		Level 2		Level 3		Sub-Total		Collateral		Total
2014
Assets:
Commodity contracts	$	173,688	$	495,628	$	4,150	$	673,466	$	(367,984)	$	305,482
Foreign currency contracts		—		21,757		—		21,757		(11,970)		9,787
Cash surrender value of life insurance		—		2,224		—		2,224		—		2,224
Total	$	173,688	$	519,609	$	4,150	$	697,447	$	(379,954)	$	317,493
Liabilities:
Commodity contracts	$	306,360	$	329,887	$	1,353	$	637,600	$	(595,565)	$	42,035
Foreign currency contracts		—		11,970		—		11,970		(11,970)		—
Inventories		—		22,889		—		22,889		—		22,889
Total	$	306,360	$	364,746	$	1,353	$	672,459	$	(607,535)	$	64,924
2013
Assets:
Commodity contracts	$	11,574	$	39,880	$	—	$	51,454	$	(35,983)	$	15,471
Foreign currency contracts		—		8,486		—		8,486		(6,350)		2,136
Inventories		—		1,483		—		1,483		—		1,483
Total	$	11,574	$	49,849	$	—	$	61,423	$	(42,333)	$	19,090
Liabilities:
Commodity contracts	$	14,032	$	31,983	$	—	$	46,015	$	(31,329)	$	14,686
Foreign currency contracts		—		11,803		—		11,803		(6,350)		5,453
Total	$	14,032	$	43,786	$	—	$	57,818	$	(37,679)	$	20,139

Schedule of derivative instruments at fair value and their locations on the balance sheets


	As of December 31,
	2014		2013
Commodity Contracts
Assets:
Short-term derivative assets, net	$	294,316	$	14,723
Identifiable intangible and other non-current assets		11,166		748
Total net assets	$	305,482	$	15,471
Liabilities:
Accrued expenses and other current liabilities	$	41,346	$	14,332
Other long-term liabilities		689		354
Total net liabilities	$	42,035	$	14,686
Foreign Currency Contracts
Assets:
Short-term derivative assets, net	$	9,283	$	2,136
Identifiable intangible and other non-current assets		504		—
Total net assets	$	9,787	$	2,136
Liabilities:
Accrued expenses and other current liabilities	$	—	$	5,306
Other long-term liabilities		—		147
Total net liabilities	$	—	$	5,453

Schedule of assets and liabilities that are measured at fair value on a recurring basis that utilized Level 3 inputs


			Realized and								Change in Unrealized		Location of Realized
			Unrealized Gains								Gains Relating to		and Unrealized
			(Losses)								Assets and Liabilities		Gains (Losses)
	Beginning		Included in					Transfers	End		that are Held at		Included in
	of Period		Earnings		Settlements		into Level 3		of Period		End of Period		Earnings
2014
Assets:
Commodity contracts	$	—	$	12,702	$	8,969	$	417	$	4,150	$	4,150	Revenue
Liabilities:
Commodity contracts	$	—	$	(1,439)	$	86	$	—	$	(1,353)	$	(1,353)	Cost of revenue
2013
Liabilities:
Commodity contracts	$	—	$	(20)	$	20	$	—	$	—	$	—	Cost of revenue

- 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.

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