(7) Fair Value Measurements: Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation (Tables)

9 Months Ended

Sep. 30, 2013

Tables/Schedules

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

A rollforward of Level 3 derivative warrants and the embedded derivative measured at fair value using Level 3 on a reoccurring basis for the nine months ended September 30, 2013 is as follows (in thousands):

Description
Balance, at December 31, 2012	$	(10,945	)
Purchases, issuances, and settlements		(10,500	)
Total unrealized losses included in earnings		(6,645	)
Transfers		—
Balance, at September 30, 2013	$	(28,090	)

The following table summarizes the pretax effect resulting from changes in fair value of derivative instruments charged directly to earnings (in thousands):

	For the three months ended September 30, 2013
	Income Statement Classification	Gain (loss) recognized in income
Derivatives not designated as hedges:
Warrants	Other income (expense)	$	(1,390	)
Embedded derivatives	Other income (expense)		285
Commodities - exchange traded futures	Other income (expense)		—
Commodities - physical forward contracts	Other income (expense)		—

	For the nine months ended September 30, 2013
	Income Statement Classification	Gain (loss) recognized in income
Derivatives not designated as hedges:
Warrants	Other income (expense)	$	(6,645	)
Embedded derivatives	Other income (expense)		45
Commodities - exchange traded futures	Other income (expense)		104
Commodities - physical forward contracts	Other income (expense)		306