World Fuel Services 2012 Annual Report Download - page 102

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The following table presents information about our assets and liabilities that are measured at fair value
on a recurring basis that utilized Level 3 inputs for the periods presented (in thousands):
Change in
Unrealized
Gains
Relating to
Assets and
Total Liabilities Location of
Gains that are Total Gains
(Losses) Held at (Losses)
Beginning Included in End end of Included in
of Period Earnings Settlements of Period Period Earnings
Assets:
Commodity contracts $ $1,271 $1,271 $ $ Revenue
Liabilities:
Other income
Earn-out $ 4,194 $ (110) $4,304 $ $ (expense), net
2011
Assets:
Commodity contracts $ 90 $ $ 90 $ $ Revenue
Liabilities:
Other income
Earn-out $ 5,012 $ 818 $ $4,194 $818 (expense), net
There were no transfers between Level 1, 2 or 3 during the periods presented. In addition, there were no
significant Level 3 purchases, sales or issuances for the periods presented.
83
2012