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Derivatives (Tables)
 9 Months Ended
Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value Amounts of Derivatives and Placement in Consolidated Balance Sheets
The following table provides information on the fair value amounts (in thousands) of these derivatives as of September 30, 2017 and December 31, 2016 and their placement within our condensed consolidated balance sheets.
 
Balance Sheet Location
 
September 30, 2017
 
December 31, 2016
 
 
 
Asset (Liability)
Commodity derivatives (1)
Prepaid and other current assets
 
$
1,561

 
$
—

Commodity derivatives (1)
Other long-term assets
 
571

 
2,748

Commodity derivatives
Other accrued liabilities
 
(58
)
 
(595
)
J. Aron repurchase obligation derivative
Obligations under inventory financing agreements
 
(24,995
)
 
(20,000
)
Interest rate derivatives
Prepaid and other current assets
 
851

 
161

Interest rate derivatives
Other long-term assets
 
2,115

 
3,377

Interest rate derivatives
Other accrued liabilities
 
—

 
(94
)
_________________________________________________________
(1)
Does not include cash collateral of $0.7 million and $2.7 million recorded in Prepaid and other current assets and $7.0 million and $7.0 million in Other long-term assets as of September 30, 2017 and December 31, 2016, respectively.
Pre-Tax Gain (Loss) Recognized in the Statement of Operations
The following table summarizes the pre-tax gains (losses) recognized in Net income (loss) on our condensed consolidated statements of operations resulting from changes in fair value of derivative instruments not designated as hedges charged directly to earnings (in thousands):
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
Statement of Operations Location
 
2017
 
2016
 
2017
 
2016
Commodity derivatives
Cost of revenues (excluding depreciation)
 
$
3,657

 
$
(3,028
)
 
$
26

 
$
(3,117
)
J. Aron repurchase obligation derivative
Cost of revenues (excluding depreciation)
 
(24,041
)
 
(8,300
)
 
(4,995
)
 
(20,356
)
Interest rate derivatives
Interest expense and financing costs, net
 
148

 
1,204

 
(477
)
 
(1,098
)