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Derivative instruments (Tables)
6 Months Ended
Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments, gain (losses)
The gains and losses on derivative instruments were as follows:
 
Three Months Ended
Six Months Ended
 
June 30,
June 30,
 
2016
2015
2016

2015

 
(In thousands)
Interest rate derivatives designated as cash flow hedges:
 
 
 
 
Amount of loss reclassified from accumulated other comprehensive loss into interest expense (effective portion), net of tax
$
91

$
100

$
183

$
199

Commodity derivatives not designated as hedging instruments:
 
 
 
 
Amount of loss recognized in discontinued operations, before tax

(8,101
)

(19,309
)
Derivative instruments
The location and fair value of the gross amount of the Company's derivative instruments on the Consolidated Balance Sheets were as follows:
Asset
Derivatives
Location on
Consolidated
Balance Sheets
Fair Value at June 30, 2015

 
 
(In thousands)
Not designated as hedges:
 
Commodity derivatives
Current assets held for sale
$
2,537

Total asset derivatives
 
$
2,537

Liability
Derivatives
Location on
Consolidated
Balance Sheets
Fair Value at June 30, 2015

 
 
(In thousands)
Not designated as hedges:
 

Commodity derivatives
Current liabilities held for sale
$
3,511

Total liability derivatives
 
$
3,511

Offsetting assets and liabilities master netting
The gross derivative assets and liabilities (excluding settlement receivables and payables that may be subject to the same master netting agreements) presented on the Consolidated Balance Sheets and the amount eligible for offset under the master netting agreements is presented in the following table:
June 30, 2015
Gross Amounts Recognized on the Consolidated Balance Sheets

Gross Amounts Not Offset on the Consolidated Balance Sheets

Net

 
(In thousands)
Assets:
 
 
 
Commodity derivatives
$
2,537

$
(2,537
)
$

Total assets
$
2,537

$
(2,537
)
$

Liabilities:
 
 
 
Commodity derivatives
$
3,511

$
(2,537
)
$
974

Total liabilities
$
3,511

$
(2,537
)
$
974