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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Assets and liabilities that are measured at fair value on a recurring basis
The following tables summarize the Company's assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2016 and 2015:
 
 
Asset (Liability) as of December 31, 2016
(in thousands)
 
Total
 
Level 1
 
Level 2
 
Level 3
Investment in associated company
 
$
12,318

 
$
12,318

 
$

 
$

Precious metal and commodity inventories recorded at fair value
 
$
10,143

 
$
10,143

 
$

 
$

Commodity contracts on precious metal and commodity inventories
 
$
(108
)
 
$

 
$
(108
)
 
$


 
 
Asset (Liability) as of December 31, 2015
(in thousands)
 
Total
 
Level 1
 
Level 2
 
Level 3
Investment in associated company
 
$
20,923

 
$
20,923

 
$

 
$

Precious metal and commodity inventories recorded at fair value
 
$
10,380

 
$
10,380

 
$

 
$

Commodity contracts on precious metal and commodity inventories
 
$
215

 
$

 
$
215

 
$

Interest rate swap agreements
 
$
(30
)
 
$

 
$
(30
)
 
$