Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Measurements Of Asset and Liability Instruments

The carrying amounts of derivative instruments and RINs credit obligations were as follows:


	Carrying Amount		Fair Value by Input Level
Financial Instrument			Level 1		Level 2		Level 3
	(In thousands)
December 31, 2021
Assets:


Commodity forward contracts	$	286	$	—	$	286	$	—
Foreign currency forward contracts	6,177		—		6,177		—
Total assets	$	6,463	$	—	$	6,463	$	—

Liabilities:
NYMEX futures contracts	$	1,269	$	1,269	$	—	$	—

Commodity forward contracts	566		—		566		—

RINs credit obligations (1)	9,429		—		9,429		—
Total liabilities	$	11,264	$	1,269	$	9,995	$	—


	Carrying Amount		Fair Value by Input Level
Financial Instrument			Level 1		Level 2		Level 3
	(In thousands)
December 31, 2020
Assets:

Commodity forward contracts	$	275	$	—	$	275	$	—
Total assets	$	275	$	—	$	275	$	—

Liabilities:
NYMEX futures contracts	$	418	$	418	$	—	$	—
Commodity price swaps	359		—		359		—
Commodity forward contracts	196		—		196		—
Foreign currency forward contracts	23,005		—		23,005		—
Total liabilities	$	23,978	$	418	$	23,560	$	—

(1)Represent obligations for RINs credits for which we did not have sufficient quantities at December 31, 2021 to satisfy our Environmental Protection Agency (“EPA”) regulatory blending requirements.