Quarterly report pursuant to Section 13 or 15(d)

4. Derivatives (Tables)

v3.7.0.1
4. Derivatives (Tables)
 3 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of 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 March 31, 2017  
  Assets     Liabilities  
Type of Instrument   Balance Sheet Location   Fair
Value		     Balance Sheet Location   Fair
Value		  
Commodity contracts   Derivative instruments   $ 594     Derivative instruments   $ 1,171  

 

 

  As of December 31, 2016  
  Assets     Liabilities  
Type of Instrument   Balance Sheet Location   Fair
Value		     Balance Sheet Location   Fair
Value		  
Commodity contracts   Derivative instruments   $ 978     Derivative instruments   $ 4,115  

 
Schedule of Recognized Gains (Losses) for 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)  
      Three Months Ended March 31,  
Type of Instrument   Statements of Operations Location   2017     2016  
Commodity contracts   Cost of goods sold   $ (2,344 )   $ 908  

 

 

      Unrealized Gains (Losses)  
        Three Months Ended March 31,  
Type of Instrument   Statements of Operations Location   2017

     2016  
Commodity contracts   Cost of goods sold   $ 2,560     $ (326 )