Fair Value Disclosures (Tables)

12 Months Ended

Dec. 31, 2020

Schedule Of Assets And Liabilities Fair Value


	Fair Value Measurements at December 31, 2020
	Quoted Prices in ‎Active Markets for ‎Identical Assets		Significant Other ‎Observable Inputs
	(Level 1)		(Level 2)		Total
Assets:
Cash and cash equivalents	$	233,860	$	-	$	233,860
Restricted cash		40,950		-		40,950
Inventories carried at market		-		77,900		77,900
Unrealized gains on derivatives		-		21,956		21,956
Other assets		112		29		141
Total assets measured at fair value	$	274,922	$	99,885	$	374,807

Liabilities:
Accounts payable⁽¹⁾	$	-	$	19,355	$	19,355
Unrealized losses on derivatives		-		10,997		10,997
Total liabilities measured at fair value	$	-	$	30,352	$	30,352


	Fair Value Measurements at December 31, 2019
	Quoted Prices in ‎Active Markets for ‎Identical Assets		Significant Other ‎Observable Inputs
	(Level 1)		(Level 2)		Total
Assets:
Cash and cash equivalents	$	245,977	$	-	$	245,977
Restricted cash		23,919		-		23,919
Inventories carried at market		-		73,318		73,318
Unrealized gains on derivatives		-		14,515		14,515
Other assets		113		-		113
Total assets measured at fair value	$	270,009	$	87,833	$	357,842

Liabilities:
Accounts payable⁽¹⁾	$	-	$	37,294	$	37,294
Unrealized losses on derivatives		-		7,771		7,771
Total liabilities measured at fair value	$	-	$	45,065	$	45,065

(1)Accounts payable is generally stated at historical amounts with the exception of $19.4.million and $37.3 million at December 31, 2020 and 2019, respectively, related to certain delivered inventory for which the payable fluctuates based on changes in commodity prices. These payables are hybrid financial instruments for which the company has elected the fair value option.