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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2014
Fair Value Measurements  
Derivative instrument assets and liabilities measured at fair value on a recurring basis

 

 

 

 

 

 

Fair value measurements at reporting date using

 

Description

 

As of
March 31,
2014

 

Quoted
prices in
active
markets for
identical
assets

(Level 1)

 

Significant
other
observable
inputs

(Level 2)

 

Significant
unobservable
inputs

(Level 3)

 

 

 

 

 

(Thousands)

 

 

 

Assets

 

 

 

 

 

 

 

 

 

Derivative instruments, at fair value

 

$

79,821

 

$

246

 

$

79,575

 

$

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Derivative instruments, at fair value

 

$

59,333

 

$

 

$

59,333

 

$

 

 

 

 

 

 

 

 

 

 

 

Fair value measurements at reporting date using

 

Description

 

As of
December 31,
2013

 

Quoted
prices in
active
markets for
identical
assets

(Level 1)

 

Significant
other
observable
inputs

(Level 2)

 

Significant
unobservable
inputs

(Level 3)

 

 

 

 

 

(Thousands)

 

 

 

Assets

 

 

 

 

 

 

 

 

 

Derivative instruments, at fair value

 

$

107,647

 

$

240

 

$

107,407

 

$

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Derivative instruments, at fair value

 

$

29,651

 

$

315

 

$

29,336

 

$

 

 

 

 

Fair value measurements using significant unobservable inputs (Level 3)

 

 

 

Fair value measurements using significant
unobservable inputs (Level 3)

 

 

 

Derivative instruments, at fair value, net
Three Months Ended March 31,

 

 

 

2014

 

2013

 

 

 

(Thousands)

 

Balance as of January 1

 

$

 –

 

$

90,714

 

Total gains or losses:

 

 

 

 

 

Included in earnings

 

 

423

 

Included in OCI

 

 

(11,733)

 

Purchases

 

 

72

 

Settlements

 

 

(9,611)

 

Transfers in and/or out of Level 3

 

 

 

Balance as of March 31

 

$

 –

 

$

 69,865