Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

The following tables set forth by level within the fair value hierarchy the Company's financial assets and liabilities that were measured at fair value on a recurring basis in the Consolidated Balance Sheets.



	Level 1		Level 2		Level 3		Total
	(in thousands)
As of December 31, 2018
Financial Assets
Cash equivalents	$	12,188	$	—	$	—	$	12,188
Deferred compensation plan	1,392		—		—		1,392
Commodity derivatives	—		109,494		—		109,494
Financial Liabilities
Commodity derivatives	—		1,039		—		1,039
As of December 31, 2017
Financial Assets
Cash equivalents	271,027		—		—		271,027
Deferred compensation plan	1,749		—		—		1,749
Commodity derivatives	—		656		—		656
Financial Liabilities
Commodity derivatives	—		25,714		—		25,714

Fair Value, Nonrecurring

Information about the impaired assets is as follows:



	Level 1		Level 2		Level 3		Net Book Value ⁽¹⁾		Impairment Loss ⁽²⁾
	(in thousands)
As of December 31, 2018
Oil and gas properties	$	—	$	—	$	—	$	—	$	—
As of December 31, 2017
Uinta Basin oil and gas properties⁽³⁾	—		—		106,587		144,532		37,945
DJ Basin unproved properties	—		—		18,832		20,887		2,055
Piceance Basin unproved properties	—		—		—		9,098		9,098


(1)	Amount represents net book value at the date of assessment.


(2)	See Note 2 for additional information regarding oil and gas property impairments.


(3)	The Uinta Basin properties were sold in December 2017. See Note 4 for additional information regarding the sale of the Uinta Basin properties.