Quarterly report pursuant to Section 13 or 15(d)

4. DERIVATIVES (Tables)

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4. DERIVATIVES (Tables)
 6 Months Ended
Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives not designated as hedging instruments

 

Non-Designated Derivative Instruments – The classification and amounts of the Company’s recognized gains (losses) for its derivatives not designated as hedging instruments are as follows (in thousands):

 

        Realized Gains (Losses)  
        Three Months Ended June 30,  
Type of Instrument   Statements of Operations Location   2014     2013  
Commodity contracts   Cost of goods sold   $ 465     $ (29 )
        $ 465     $ (29 )

 

        Unrealized Losses  
        Three Months Ended June 30,  
Type of Instrument   Statements of Operations Location   2014     2013  
Commodity contracts   Cost of goods sold   $ (17 )   $ (450 )
        $ (17 )   $ (450 )

 

        Realized Gains (Losses)  
        Six Months Ended June 30,  
Type of Instrument   Statements of Operations Location   2014     2013  
Commodity contracts   Cost of goods sold   $ 549     $ (102 )
        $ 549     $ (102 )

 

        Unrealized Losses  
        Six Months Ended June 30,  
Type of Instrument   Statements of Operations Location   2014     2013  
Commodity contracts   Cost of goods sold   $ (32 )   $ (382 )
        $ (32 )   $ (382 )