Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of commodity derivative activity

Derivatives and embedded derivatives as of December 31, 2019 consisted of the following (in thousands):

	Gross Amounts		Gross Amounts		Net Amount
	Recognized		Offset		Presented
Assets:
Commodity swaps:
Long-term portion of derivative assets, related party	$	3,270	$	—	$	3,270
Fueling agreements:
Prepaid expenses and other current assets		232		—		232
Notes receivable and other long-term assets, net		491		—		491
Total derivative assets	$	3,993	$	—	$	3,993
Liabilities:
Commodity swaps:
Current portion of derivative liabilities, related party	$	164	$	—	$	164
Fueling agreements:
Accrued liabilities		42		—		42
Other long-term liabilities		39		—		39
Total derivative liabilities	$	245	$	—	$	245

Derivatives and embedded derivatives as of March 31, 2020 consisted of the following (in thousands):

	Gross Amounts		Gross Amounts		Net Amount
	Recognized		Offset		Presented
Assets:
Commodity swaps:
Current portion of derivative assets, related party	$	3,783	$	—	$	3,783
Long-term portion of derivative assets, related party		8,762		—		8,762
Fueling agreements:
Prepaid expenses and other current assets		120		—		120
Notes receivable and other long-term assets, net		23		—		23
Total derivative assets	$	12,688	$	—	$	12,688
Liabilities:
Fueling agreements:
Accrued liabilities	$	344	$	—	$	344
Other long-term liabilities		2,964		—		2,964
Total derivative liabilities	$	3,308	$	—	$	3,308

Schedule of weighted-average price of open commodity swap contract

The following table reflects the weighted-average price of open commodity swap contracts as of December 31, 2019 and March 31, 2020, by year with associated volumes:

	December 31, 2019			March 31, 2020
	Volumes	Weighted-Average Price per		Volumes	Weighted-Average Price per
Year	(Diesel Gallons)	Diesel Gallon		(Diesel Gallons)	Diesel Gallon
2020	4,986,000	$	2.37	3,736,000	$	2.30
2021	5,000,000	$	2.34	5,000,000	$	2.30
2022	5,000,000	$	2.34	5,000,000	$	2.30
2023	5,000,000	$	2.34	5,000,000	$	2.30
2024	1,870,000	$	1.76	1,870,000	$	1.71