Annual report pursuant to section 13 and 15(d)

5. DERIVATIVES (Tables)

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5. DERIVATIVES (Tables)
12 Months Ended
Dec. 31, 2012
Derivatives Tables  
Derivatives not designated as hedging instruments

The classification and amounts of the Company’s derivatives not designated as hedging instruments are as follows (in thousands):

 

    As of December 31, 2012  
     Assets     Liabilities  
Type of Instrument   Balance Sheet Location  

Fair

Value

    Balance Sheet Location    

Fair

Value

 
                           
Commodity contracts   Other current assets   $ 189     Accrued liabilities     $ 167  
        $ 189             $ 167  

  

    As of December 31, 2011  
    Assets     Liabilities  
Type of Instrument   Balance Sheet Location  

Fair

Value

    Balance Sheet Location    

Fair

Value

 
                       
Commodity contracts   Other current assets   $ 244     Accrued liabilities     $ 500  
        $ 244             $ 500  
Recognized gains (losses) on Derivatives

The classification and amounts of the Company’s recognized gains (losses) for its derivatives not designated as hedging instruments are as follow (in thousands): 

 

        Realized Gains  
         For the Years Ended December 31,  
Type of Instrument   Statements of Operations Location   2012     2011  
                 
Commodity contracts   Cost of goods sold   $ 720     $ 338  
        $ 720     $ 338  

 

        Unrealized Gains (Losses)  
        For the Years Ended December 31,  
Type of Instrument   Statements of Operations Location   2012     2011  
                 
Commodity contracts   Cost of goods sold   $ 279     $ (242 )
        $ 279     $ (242 )