Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Financial Instruments, Owned, at Fair Value [Abstract]

Fair Value Measurements Of Asset and Liability Instruments

The carrying amounts of derivative instruments and RINs credit obligations at June 30, 2020 and December 31, 2019 were as follows:

			Fair Value by Input Level
	Carrying Amount		Level 1		Level 2		Level 3
	(In thousands)
June 30, 2020
Assets:
Commodity price swaps	$	3,561	$	—	$	3,561	$	—
Commodity forward contracts	4,219		—		4,219		—
Foreign currency forward contracts	7,361		—		7,361		—
Total assets	$	15,141	$	—	$	15,141	$	—
Liabilities:
NYMEX futures contracts	$	6,987	$	6,987	$	—	$	—
Commodity price swaps	395		—		395		—
Commodity forward contracts	6,156		—		6,156		—
RINs credit obligations (1)	5,349		—		5,349		—
Total liabilities	$	18,887	$	6,987	$	11,900	$	—

				Fair Value by Input Level
		Carrying Amount		Level 1		Level 2		Level 3
	(In thousands)
December 31, 2019
Assets:
Commodity price swaps		$	13,455	$	—	$	13,455	$	—
Commodity forward contracts		4,133		—		4,133		$	—
Total assets		$	17,588	$	—	$	17,588	$	—
Liabilities:
NYMEX futures contracts		$	2,578	$	2,578	$	—	$	—
Commodity price swaps		1,230		—		1,230		—
Commodity forward contracts		3,685		—		3,685		—
Foreign currency forward contracts		6,722		—		6,722		—
Total liabilities		$	14,215	$	2,578	$	11,637	$	—

(1) Represent obligations for RINs credits for which we did not have sufficient quantities at June 30, 2020 to satisfy our EPA regulatory blending requirements.