Annual report pursuant to Section 13 and 15(d)

Other Assets

v3.7.0.1
Other Assets
12 Months Ended
Dec. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets
OTHER ASSETS
Prepaid expenses and other current assets consist of the following at December 31:
 
2016
 
2015
Commodity derivatives and related collateral, net
$
7,127

 
$
10,097

Prepaid expenses
10,665

 
8,504

Deposits
2,897

 
3,824

RIN inventory
9,398

 
5,656

Taxes receivable
4,539

 
1,814

Other
1,646

 
1,987

Total
$
36,272

 
$
31,882


RIN inventory is valued at the lower of cost or net realizable value and consists of (i) RINs the Company generates in connection with its production of biomass-based diesel and (ii) RINs acquired from third parties. RINs generated by the Company are recorded at no cost, as these RINs are government incentives and not a tangible output from its biomass-based diesel production. The cost of RINs acquired from third parties is determined using the average cost method. RIN market value is based upon pricing as reported by the Oil Price Information Service (OPIS). Since RINs generated by the Company have zero cost associated to them, the lower of cost or market adjustment in RIN inventory reflects only the value of RINs obtained from third parties. RIN inventory values were adjusted in the amount of $612 and $3,027 at December 31, 2016 and 2015, respectively, to reflect the lower of cost or market.
Other noncurrent assets consist of the following at December 31:
 
2016
 
2015
Spare parts inventory
$
3,532

 
$
2,922

Catalysts
4,479

 
5,742

Deposits
2,392

 
2,370

Other
2,227

 
785

Total
$
12,630

 
$
11,819