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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of Reconciliation of Beginning and Ending Balances for the Company's Fair Value Measurements Using Level 3 Inputs | A reconciliation of beginning and ending balances for the Company’s recurring fair value measurements using Level 3 inputs is as follows:
| Convertible Preferred Securities
(in thousands) | 2022 |  | 2021
Assets at January 1, | $ | 11,618 |  |  | $ | 8,849 |
Additional investments | 4,655 |  |  | 5,401 |
Gains (losses) included in Other income, net | 5 |  |  | (2,632) |
Assets at December 31, | $ | 16,278 |  |  | $ | 11,618 |
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following table presents the Company's assets and liabilities measured at fair value on a recurring basis at December 31, 2022 and 2021:
(in thousands) | December 31, 2022
Assets (liabilities) | Level 1 |  | Level 2 |  | Level 3 |  | Total
Commodity derivatives, net (a) | $ | 54,516 |  |  | $ | 143,402 |  |  | $ | — |  |  | $ | 197,918 |
Provisionally priced contracts (b) | (20,960) |  |  | (115,377) |  |  | — |  |  | (136,337) |
Convertible preferred securities (c) | — |  |  | — |  |  | 16,278 |  |  | 16,278 |
Other assets and liabilities (d) | (209) |  |  | 31,400 |  |  | — |  |  | 31,191 |
Total | $ | 33,347 |  |  | $ | 59,425 |  |  | $ | 16,278 |  |  | $ | 109,050 |
(in thousands) | December 31, 2021
Assets (liabilities) | Level 1 |  | Level 2 |  | Level 3 |  | Total
Commodity derivatives, net (a) | $ | 128,407 |  |  | $ | 156,698 |  |  | $ | — |  |  | $ | 285,105 |
Provisionally priced contracts (b) | 43,944 |  |  | (89,797) |  |  | — |  |  | (45,853) |
Convertible preferred securities (c) | — |  |  | — |  |  | 11,618 |  |  | 11,618 |
Other assets and liabilities (d) | 2,784 |  |  | (7,361) |  |  | — |  |  | (4,577) |
Total | $ | 175,135 |  |  | $ | 59,540 |  |  | $ | 11,618 |  |  | $ | 246,293 |
(a)Includes associated cash posted/received as collateral. (b)Included in "Provisionally priced contracts" are those instruments based only on underlying futures values (Level 1) and delayed price contracts (Level 2). (c)Recorded in Other assets on the Company’s Consolidated Balance Sheets related to certain available for sale securities. (d)Included in "Other assets and liabilities" are assets held by the Company to fund deferred compensation plans and foreign exchange derivative contracts (Level 1), as well as interest rate derivatives (Level 2).
Schedule of Summarized Information About Level 3 Fair Value Measurements | The following tables summarize quantitative information about the Company's Level 3 fair value measurements as of December 31, 2022 and 2021:
Quantitative Information about Recurring Level 3 Fair Value Measurements
(in thousands) | Fair Value as of 12/31/2022 |  | Valuation Method |  | Unobservable Input |  | Weighted Average
Convertible preferred securities (a) | $ | 16,278 |  |  | Implied based on market prices |  | N/A |  | N/A
(in thousands) | Fair Value as of 12/31/2021 |  | Valuation Method |  | Unobservable Input |  | Weighted Average
Convertible preferred securities (a) | $ | 11,618 |  |  | Implied based on market prices |  | N/A |  | N/A
(a) The Company considers observable price changes and other additional market data available to estimate fair value, including additional capital raising, internal valuation models, progress towards key business milestones, and other relevant market data points.
Quantitative Information about Non-Recurring Level 3 Fair Value Measurements
(in thousands) | Fair Value as of 12/31/2022 |  | Valuation Method |  | Unobservable Input |  | Weighted Average
Grain assets (a) | $ | 9,000 |  |  | Third party appraisal |  | Various |  | N/A
(in thousands) | Fair Value as of 12/31/2021 |  | Valuation Method |  | Unobservable Input |  | Weighted Average
Frac sand assets (b) | $ | 2,946 |  |  | Third party appraisal |  | Various |  | N/A
Real property (c) | 700 |  |  | Market approach |  | Various |  | N/A
(a) The Company recognized impairment charges on a Nebraska grain asset. The fair value of the asset was determined using third-party appraisals. These measures are considered Level 3 inputs on a nonrecurring basis. (b) The Company recognized impairment charges on long lived assets related to its frac sand business. The fair value of the assets were determined using prior transactions and third-party appraisals. These measures are considered Level 3 inputs on a nonrecurring basis. (c) The Company recognized impairment charges on certain Trade assets and measured the fair value using Level 3 inputs on a nonrecurring basis. The fair value of the assets were determined using prior transactions in the local market and a recent sale of comparable Trade segment assets.

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=123874694&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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