Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

The following tables list the Company’s assets and liabilities that are measured at fair value and their classification within the fair value hierarchy as of June 30, 2014 and December 31, 2013:

	(In thousands)
			Fair Value Measurements at June 30, 2014 Using
	June 30,
Description	2014		(Level 1)		(Level 2)		(Level 3)

Available for sale securities	$	41	$	41		--		--

Total assets	$	41	$	41	$	--	$	--

Commodity risk management liability	$	677	$	--	$	677	$	--
Executive retirement program liability		841		--		--		841

Total liabilities	$	1,518	$	--	$	677	$	841

			Fair Value Measurements at December 31, 2013 Using
	December 31,
Description	2013		(Level 1)		(Level 2)		(Level 3)

Commodity risk management assets	$	14	$	--	$	14	$	--
Available for sale securities		69		69		--		--

Total assets	$	83	$	69	$	14	$	--

Commodity risk management liability	$	280	$	--	$	280	$	--
Executive retirement program liability		865		--		--		865

Total liabilities	$	1,145	$	--	$	280	$	865

- 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+ Details