Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES (Tables)

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DERIVATIVES (Tables)
 3 Months Ended
Mar. 31, 2018
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, and related cash collateral balances, are as follows (in thousands):

  

    As of March 31, 2018  
    Assets     Liabilities  
                     
        Fair         Fair  
Type of Instrument   Balance Sheet Location   Value     Balance Sheet Location   Value  
                         
Cash collateral balance   Other current assets   $ 2,141              
Commodity contracts   Derivative instruments   $ 2,981     Derivative instruments   $ 3,094  

  

    As of December 31, 2017  
    Assets     Liabilities  
                     
        Fair         Fair  
Type of Instrument   Balance Sheet Location   Value     Balance Sheet Location   Value  
                         
Cash collateral balance   Other current assets   $ 3,813              
Commodity contracts   Derivative instruments   $ 998     Derivative instruments   $ 2,307  
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 Losses  
        Three Months Ended March 31,  
Type of Instrument   Statements of Operations Location   2018     2017  
Commodity contracts   Cost of goods sold   $ (1,658 )   $ (2,344 )

  

        Unrealized Gains  
        Three Months Ended March 31,  
Type of Instrument   Statements of Operations Location   2018     2017  
Commodity contracts   Cost of goods sold   $ 1,196     $ 2,560