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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2021
FAIR VALUE MEASUREMENTS  
Schedule of fair value of the Company's financial assets and liabilities

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value as of March 31, 2021 and December 31, 2020 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2021

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Assets from derivative contracts

 

$

 —

 

    

1,500

 

$

 —

 

    

1,500

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities from derivative contracts

 

$

 —

 

 

51,400

 

$

 —

 

 

51,400

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Assets from derivative contracts

 

$

 —

 

$

12,568

 

$

 —

 

$

12,568

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities from derivative contracts

 

$

 —

 

$

26,416

 

$

 —

 

$

26,416