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Derivatives and Hedging-Fair Value Measurements and Accounting for the Offsetting of Certain Contracts (Tables) | 9 Months Ended
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Jun. 30, 2014
Partnership's Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The Partnership had no assets or liabilities that are measured at fair value on a nonrecurring basis subsequent to their initial recognition. The Partnership’s financial assets and liabilities measured at fair value on a recurring basis are listed on the following table.
(In thousands) |  |  |  |  |  |  | Fair Value Measurements at Reporting Date Using: |
Derivatives Not Designated as Hedging Instruments Under FASB ASC 815-10 |  | Balance Sheet Location |  | Total |  |  | Quoted Prices in Active Markets for Identical Assets Level 1 |  |  | Significant Other Observable Inputs Level 2 |  |  | Significant Unobservable Inputs Level 3 |
Asset Derivatives at June 30, 2014 |
Commodity contracts |  | Fair asset and fair liability value of derivative instruments |  | $ | 10,035 |  |  | $ | 3,855 |  |  | $ | 6,180 |  |  | $ | — |
Commodity contract assets at June 30, 2014 |  | $ | 10,035 |  |  | $ | 3,855 |  |  | $ | 6,180 |  |  | $ | — |
Liability Derivatives at June 30, 2014 |
Commodity contracts |  | Fair liability and fair asset value of derivative instruments |  | $ | (9,571 | ) |  | $ | (4,348 | ) |  | $ | (5,223 | ) |  | $ | — |
Commodity contract liabilities at June 30, 2014 |  | $ | (9,571 | ) |  | $ | (4,348 | ) |  | $ | (5,223 | ) |  | $ | — |
Asset Derivatives at September 30, 2013 |
Commodity contracts |  | Fair asset and fair liability value of derivative instruments |  | $ | 14,467 |  |  | $ | 1,175 |  |  | $ | 13,292 |  |  | $ | — |
Commodity contract assets at September 30, 2013 |  | $ | 14,467 |  |  | $ | 1,175 |  |  | $ | 13,292 |  |  | $ | — |
Liability Derivatives at September 30, 2013 |
Commodity contracts |  | Fair liability and fair asset value of derivative instruments |  | $ | (17,820 | ) |  | $ | (519 | ) |  | $ | (17,301 | ) |  | $ | — |
Commodity contract liabilities at September 30, 2013 |  | $ | (17,820 | ) |  | $ | (519 | ) |  | $ | (17,301 | ) |  | $ | — |
The Partnership’s derivative assets (liabilities) offset by counterparty and subject to an enforceable master netting arrangement are listed on the following table.
(In thousands) |  | The Effect of Derivative Instruments on the Statement of Operations |
|  |  |  | Amount of (Gain) or Loss Recognized |
Derivatives Not Designated as Hedging Instruments Under FASB ASC 815-10 |  | Location of (Gain) or Loss Recognized in Income on Derivative |  | Three Months Ended June 30, 2014 |  |  | Three Months Ended June 30, 2013 |  |  | Nine Months Ended June 30, 2014 |  |  | Nine Months Ended June 30, 2013 |
Closed Positions |
Commodity contracts |  | Cost of product (a) |  | $ | 2,718 |  |  | $ | 2,531 |  |  | $ | 11,245 |  |  | $ | 15,951 |
Commodity contracts |  | Cost of installations and service (a) |  | $ | (82 | ) |  | $ | (67 | ) |  | $ | (177 | ) |  | $ | (401 | )
Commodity contracts |  | Delivery and branch expenses (a) |  | $ | (5 | ) |  | $ | (43 | ) |  | $ | (119 | ) |  | $ | (246 | )
(a) Represents realized closed positions and includes the cost of options as they expire. |
Open Positions |
Commodity contracts |  | (Increase) / decrease in the fair value of derivative instruments |  | $ | (3,308 | ) |  | $ | 1,910 |  |  | $ | (4,661 | ) |  | $ | 6,428 |
Partnership's Derivatives Assets (Liabilities) Offset by Counterparty | The Partnership’s derivative assets (liabilities) offset by counterparty and subject to an enforceable master netting arrangement are listed on the following table.
(In thousands) |  |  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Position |
Offsetting of Financial Assets (Liabilities) and Derivative Assets (Liabilities) |  | Gross Assets Recognized |  |  | Gross Liabilities Offset in the Statement of Financial Position |  |  | Net Assets (Liabilities) Presented in the Statement of Financial Position |  |  | Financial Instruments |  |  | Cash Collateral Received |  |  | Net Amount |
Fair asset value of derivative instruments |  | $ | 1,928 |  |  | $ | (856 | ) |  | $ | 1,072 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,072 |
Fair liability value of derivative instruments |  |  | 8,107 |  |  |  | (8,715 | ) |  |  | (608 | ) |  |  | — |  |  |  | — |  |  |  | (608 | )
Total at June 30, 2014 |  | $ | 10,035 |  |  | $ | (9,571 | ) |  | $ | 464 |  |  | $ | — |  |  | $ | — |  |  | $ | 464 |
Fair asset value of derivative instruments |  | $ | 7,254 |  |  | $ | (6,608 | ) |  | $ | 646 |  |  | $ | — |  |  | $ | — |  |  | $ | 646 |
Fair liability value of derivative instruments |  |  | 7,213 |  |  |  | (11,212 | ) |  |  | (3,999 | ) |  |  | — |  |  |  | — |  |  |  | (3,999 | )
Total at September 30, 2013 |  | $ | 14,467 |  |  | $ | (17,820 | ) |  | $ | (3,353 | ) |  | $ | — |  |  | $ | — |  |  | $ | (3,353 | )
Partnership's Derivatives Assets (Liabilities) Offset by Counterparty | The Partnership’s derivative assets (liabilities) offset by counterparty and subject to an enforceable master netting arrangement are listed on the following table.
(In thousands) |  |  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Position |
Offsetting of Financial Assets (Liabilities) and Derivative Assets (Liabilities) |  | Gross Assets Recognized |  |  | Gross Liabilities Offset in the Statement of Financial Position |  |  | Net Assets (Liabilities) Presented in the Statement of Financial Position |  |  | Financial Instruments |  |  | Cash Collateral Received |  |  | Net Amount |
Fair asset value of derivative instruments |  | $ | 1,928 |  |  | $ | (856 | ) |  | $ | 1,072 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,072 |
Fair liability value of derivative instruments |  |  | 8,107 |  |  |  | (8,715 | ) |  |  | (608 | ) |  |  | — |  |  |  | — |  |  |  | (608 | )
Total at June 30, 2014 |  | $ | 10,035 |  |  | $ | (9,571 | ) |  | $ | 464 |  |  | $ | — |  |  | $ | — |  |  | $ | 464 |
Fair asset value of derivative instruments |  | $ | 7,254 |  |  | $ | (6,608 | ) |  | $ | 646 |  |  | $ | — |  |  | $ | — |  |  | $ | 646 |
Fair liability value of derivative instruments |  |  | 7,213 |  |  |  | (11,212 | ) |  |  | (3,999 | ) |  |  | — |  |  |  | — |  |  |  | (3,999 | )
Total at September 30, 2013 |  | $ | 14,467 |  |  | $ | (17,820 | ) |  | $ | (3,353 | ) |  | $ | — |  |  | $ | — |  |  | $ | (3,353 | )

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- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=20225523&loc=SL20225877-175312 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=20225523&loc=SL20225862-175312 + Details
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- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=20225523&loc=SL20225877-175312 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=20225523&loc=SL20225862-175312 + 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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