Annual report pursuant to Section 13 and 15(d)

5. DERIVATIVES (Tables)

v2.4.1.9
5. DERIVATIVES (Tables)
 12 Months Ended
Dec. 31, 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 derivatives not designated as hedging instruments are as follows (in thousands):

 

    As of December 31, 2014  
    Assets     Liabilities  

Type of Instrument

   Balance Sheet Location   Fair Value     Balance Sheet Location   Fair Value  
                     
Commodity contracts   Other current assets   $ 1,586     Other current liabilities   $ 1,149  
        $ 1,586       $ 1,149  

 

    As of December 31, 2013  
    Assets     Liabilities  

Type of Instrument

   Balance Sheet Location   Fair Value     Balance Sheet Location   Fair Value  
                     
Commodity contracts   Other current assets   $ 961     Other current liabilities   $ 859  
        $ 961       $ 859  

 
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 follows (in thousands):

 

        Realized Gains (Losses)  
        For the Years Ended December 31,  
Type of Instrument   Statements of Operations Location   2014     2013     2012  
                         
Commodity contracts   Cost of goods sold   $ (1,144 )   $ (1,901 )   $ 720  
        $ (1,144 )   $ (1,901 )   $ 720  

 

      Unrealized Gains  
        For the Years Ended December 31,  
Type of Instrument   Statements of Operations Location   2014     2013     2012  
                         
Commodity contracts   Cost of goods sold   $ 336   $ 80   $ 279  
        $ 336   $ 80   $ 279