Fair value measurements (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Available-for-sale securities

Details of available-for-sale securities were as follows:

June 30, 2015	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Mortgage-backed securities	$	8,072	$	29	$	(28	)	$	8,073
U.S. Treasury securities	2,327		22		—			2,349
Total	$	10,399	$	51	$	(28	)	$	10,422

June 30, 2014	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Mortgage-backed securities	$	7,989	$	91	$	(5	)	$	8,075
U.S. Treasury securities	2,066		30		—			2,096
Total	$	10,055	$	121	$	(5	)	$	10,171

December 31, 2014	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In thousands)
Mortgage-backed securities	$	6,594	$	60	$	(18	)	$	6,636
U.S. Treasury securities	3,574		—		(19		)	3,555
Total	$	10,168	$	60	$	(37	)	$	10,191

Assets and liabilities measured at fair value on a recurring basis

The Company's assets and liabilities measured at fair value on a recurring basis were as follows:

	Fair Value Measurements at June 30, 2015, Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance at June 30, 2015
	(In thousands)
Assets:
Money market funds	$	—	$	16,358	$	—	$	16,358
Insurance contract*	—		68,187		—		68,187
Available-for-sale securities:
Mortgage-backed securities	—		8,073		—		8,073
U.S. Treasury securities	—		2,349		—		2,349
Total assets measured at fair value	$	—	$	94,967	$	—	$	94,967
Liabilities:
RIN obligations	$	—	$	538	$	—	$	538
Total liabilities measured at fair value	$	—	$	538	$	—	$	538

* The insurance contract invests approximately 20 percent in common stock of mid-cap companies, 18 percent in common stock of small-cap companies, 28 percent in common stock of large-cap companies, 32 percent in fixed-income investments, 1 percent in target date investments and 1 percent in cash equivalents.

	Fair Value Measurements at June 30, 2014, Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Balance at June 30, 2014
	(In thousands)
Assets:
Money market funds	$	—	$	16,031	$	—	$	16,031
Insurance contract*	—		64,449		—		64,449
Available-for-sale securities:
Mortgage-backed securities	—		8,075		—		8,075
U.S. Treasury securities	—		2,096		—		2,096
Total assets measured at fair value	$	—	$	90,651	$	—	$	90,651

* The insurance contract invests approximately 21 percent in common stock of mid-cap companies, 18 percent in common stock of small-cap companies, 29 percent in common stock of large-cap companies, 31 percent in fixed-income investments and 1 percent in cash equivalents.

	Fair Value Measurements at December 31, 2014, Using
	Quoted Prices in Active Markets for Identical Assets  (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs  (Level 3)		Balance at December 31, 2014
	(In thousands)
Assets:
Money market funds	$	—	$	16,138	$	—	$	16,138
Insurance contract*	—		65,831		—		65,831
Available-for-sale securities:
Mortgage-backed securities	—		6,636		—		6,636
U.S. Treasury securities	—		3,555		—		3,555
Total assets measured at fair value	$	—	$	92,160	$	—	$	92,160

* The insurance contract invests approximately 20 percent in common stock of mid-cap companies, 18 percent in common stock of small-cap companies, 29 percent in common stock of large-cap companies, 32 percent in fixed-income investments and 1 percent in cash equivalents.

Fair value of long term debt outstanding

The estimated fair value of the Company's Level 2 long-term debt was as follows:

	Carrying Amount		Fair Value
	(In thousands)
Long-term debt at June 30, 2015	$	2,376,802	$	2,468,204
Long-term debt at June 30, 2014	$	2,185,917	$	2,282,174
Long-term debt at December 31, 2014	$	2,093,830	$	2,238,548