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Fair Value Disclosures (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule Of Assets And Liabilities Fair Value

Fair Value Measurements at December 31, 2019

Quoted Prices in
Active Markets for
Identical Assets

Significant Other
Observable Inputs

(Level 1)

(Level 2)

Total

Assets:

Cash and cash equivalents

$

245,977

$

-

$

245,977

Restricted cash

23,919

-

23,919

Inventories carried at market

-

73,318

73,318

Unrealized gains on derivatives

-

14,515

14,515

Other assets

113

-

113

Total assets measured at fair value

$

270,009

$

87,833

$

357,842

Liabilities:

Accounts payable (1)

$

-

$

37,294

$

37,294

Unrealized losses on derivatives

-

7,771

7,771

Total liabilities measured at fair value

$

-

$

45,065

$

45,065

Fair Value Measurements at December 31, 2018

Quoted Prices in
Active Markets for
Identical Assets

Significant Other
Observable Inputs

(Level 1)

(Level 2)

Total

Assets:

Cash and cash equivalents

$

251,681

$

-

$

251,681

Restricted cash

31,603

-

31,603

Inventories carried at market

-

111,960

111,960

Unrealized gains on derivatives

-

9,976

9,976

Other assets

114

1

115

Cash, cash equivalents and restricted cash of discontinued operations (2)

34,911

-

34,911

Total assets measured at fair value

$

318,309

$

121,937

$

440,246

Liabilities:

Accounts payable (1)

$

-

$

16,573

$

16,573

Unrealized losses on derivatives

-

7,852

7,852

Other liabilities

-

2

2

Total liabilities measured at fair value

$

-

$

24,427

$

24,427

(1)Accounts payable is generally stated at historical amounts with the exception of $37.3 million and $16.6 million at December 31, 2019 and 2018, respectively, related to certain delivered inventory for which the payable fluctuates based on changes in commodity prices. These payables are hybrid financial instruments for which the company has elected the fair value option.

(2)Includes $2 thousand of cash and cash equivalents and $34.9 million of restricted cash which is classified as current assets of discontinued operations in the December 31, 2018 consolidated balance sheet.