Derivatives, Hedges, Financial Instruments and Carbon Credits (Tables)

3 Months Ended

Mar. 31, 2013

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following details our assets and liabilities that are measured at fair value on a recurring basis at March 31, 2013 and December 31, 2012:


	Fair Value Measurements at March 31, 2013 Using
			Quoted Prices
			in Active		Significant
	Total Fair		Markets for		Other		Significant		Total Fair
	Value At		Identical		Observable		Unobservable		Value at
	March 31,		Assets		Inputs		Inputs		December 31,
Description	2013		(Level 1)		(Level 2)		(Level 3)		2012
	(In Thousands)
Assets—Supplies, prepaid items and other:
Commodities contracts	$	—	$	—	$	—	$	—	$	79
Carbon credits		312		—		—		312		91

Total	$	312	$	—	$	—	$	312	$	170

Liabilities—Current and noncurrent accrued and other liabilities:
Commodities contracts	$	83	$	83	$	—	$	—	$	—
Contractual obligations—carbon credits		312		—		—		312		91
Interest rate contracts		1,706		—		1,706		—		1,874

Total	$	2,101	$	83	$	1,706	$	312	$	1,965

Reconciliation of Beginning and Ending Balances for Assets and Liabilities Measured at Fair Value on Recurring Basis

the following is a reconciliation of the beginning and ending balances for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):


	Assets					Liabilities
	Three Months Ended					Three Months Ended
	March 31,					March 31,
	2013			2012		2013			2012
	(In Thousands)
Beginning balance	$	91		$	42	$	(91	)	$	(42	)
Transfers into Level 3		—			—		—			—
Transfers out of Level 3		—			—		—			—
Total realized and unrealized gain (loss) included in operating results		233			—		(233	)		—
Purchases		—			—		—			—
Issuances		—			—		—			—
Sales		(12	)		—		—			—
Settlements		—			—		12			—

Ending balance	$	312		$	42	$	(312	)	$	(42	)

Realized and Unrealized Net Gains (Losses) Included in Operating Results and Classifications Within Statement of Operations

Realized and unrealized net gains (losses) included in operating results and the classifications within the statement of operations are as follows:


	Three Months Ended
	March 31,
	2013			2012
	(In Thousands)
Total net gains (losses) included in operating results:
Cost of sales—Commodities contracts	$	(162	)	$	142
Other income—Carbon credits		233			—
Other expenses—Contractual obligations relating to carbon credits		(233	)		—
Interest expense—Interest rate contracts		1			(96	)

	$	(161	)	$	46


	Three Months Ended
	March 31,
	2013			2012
	(In Thousands)
Change in unrealized gains (losses) relating to contracts still held at period end:
Cost of sales—Commodities contracts	$	(162	)	$	142
Other income—Carbon credits		221			—
Other expense—Contractual obligations relating to carbon credits		(221	)		—
Interest expense—Interest rate contracts		168			270

	$	6		$	412

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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