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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value Recurring Basis
The following tables present our assets that are measured at fair value on a recurring basis at December 31, 2015 and 2014:
 
 
Fair Value Measurements at
 
 
December 31, 2015
Assets
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Marketable securities (Other assets)
 
$
8,499

 
$
8,499

 
$

 
$

Derivative contracts
 
38,576

 

 
36,603

 
1,973

Total
 
$
47,075

 
$
8,499

 
$
36,603

 
$
1,973

 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements at
 
 
December 31, 2014
Assets
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Marketable securities (Other assets)
 
$
8,425

 
$
8,425

 
$

 
$

Derivative contracts
 
153,512

 

 
153,512

 

Total
 
$
161,937

 
$
8,425

 
$
153,512

 
$

 
 
 
 
 
 
 
 
 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The table below presents a reconciliation for assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the year ended December 31, 2015.
 
 
Hedging Contracts, net
Balance as of January 1, 2015
 
$

Total gains/(losses) (realized or unrealized):
 
 
Included in earnings
 
63

Included in other comprehensive income
 
1,910

Purchases, sales, issuances and settlements
 

Transfers in and out of Level 3
 

Balance as of December 31, 2015
 
$
1,973

The amount of total gains/(losses) for the period included in earnings (derivative income) attributable to the change in unrealized gain/(losses) relating to derivatives still held at December 31, 2015
 
$
63