Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.7.0.1
Fair Value (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table sets forth the assets and liabilities measured at fair value on a recurring basis, by input level, in the consolidated balance sheets at March 31, 2017 and December 31, 2016:
 
Level 1
 
Level 2
 
Level 3
 
Total
As of March 31, 2017
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Fair value hedges of consigned inventory
$

 
$
17,340

 
$

 
$
17,340

RINs obligation surplus (1)

 
6,077

 

 
6,077

Liabilities:
 
 
 
 
 
 
 
Commodity contracts (futures and forwards)
803

 

 

 
803

Interest rate swaps

 
1,663

 

 
1,663

 
 
 
 
 
 
 
 
As of December 31, 2016
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Fair value hedges of consigned inventory
$

 
$
14,777

 
$

 
$
14,777

Liabilities:
 
 
 
 
 
 
 
Commodity contracts (futures and forwards)
1,561

 

 

 
1,561

Interest rate swaps

 
1,956

 

 
1,956