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Financial Instruments Measured at Fair Value and Concentrations of Credit Risk (Tables)
3 Months Ended
Mar. 31, 2021
Text Block [Abstract]  
Summary of Fair Value Measurements and Financial Statement Presentation

The fair values of our financial instruments measured at fair value and their respective levels in the fair value hierarchy as of March 31, 2021, and December 31, 2020, were as follows:

 

 

March 31, 2021

 

March 31, 2021

 

 

Fair Values of Assets

 

Fair Values of Liabilities

 

In Thousands

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Other items reported at fair value:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

$

3,045

 

 

$

 

 

$

 

 

$

3,045

 

$

 

 

$

 

 

$

 

 

$

 

Commodity derivative contracts

 

266

 

 

 

 

 

 

 

 

 

266

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

3,311

 

 

$

 

 

$

 

 

$

3,311

 

$

 

 

$

 

 

$

 

 

$

 

 

 

December 31, 2020

 

December 31, 2020

 

 

Fair Values of Assets

 

Fair Values of Liabilities

 

In Thousands

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Other items reported at fair value:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

$

11,698

 

 

$

 

 

$

 

 

$

11,698

 

$

 

 

$

 

 

$

 

 

$

 

Commodity derivative contracts

 

467

 

 

 

 

 

 

 

 

 

467

 

 

 

 

 

 

 

 

 

 

 

 

Total

$

12,165

 

 

$

 

 

$

 

 

$

12,165

 

$

 

 

$

 

 

$

 

 

$

 

Composition of Short-term Investments

The composition of our short-term investments as of March 31, 2021, and December 31, 2020 were as follows:

 

 

As of March 31,

 

 

As of December 31,

 

In Thousands

2021

 

 

2020

 

Corporate debt securities

$

3,045

 

 

$

11,698