| Schedule of derivatives not designated as hedging 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 September 30, 2019 |
| |
|
Assets |
|
Liabilities |
| Type of Instrument |
|
Balance Sheet Location |
|
Fair Value |
|
|
Balance Sheet Location |
|
Fair Value |
|
| |
|
|
|
|
|
|
|
|
|
|
| Cash collateral balance |
|
Other current assets |
|
$ |
2,400 |
|
|
|
|
|
|
|
| Commodity contracts |
|
Derivative instruments |
|
$ |
2,790 |
|
|
Derivative instruments |
|
$ |
3,619 |
|
| |
|
As of December 31, 2018 |
| |
|
Assets |
|
Liabilities |
| Type of Instrument |
|
Balance Sheet Location |
|
Fair Value |
|
|
Balance Sheet Location |
|
Fair Value |
|
| |
|
|
|
|
|
|
|
|
|
|
| Cash collateral balance |
|
Other current assets |
|
$ |
8,479 |
|
|
|
|
|
|
|
| Commodity contracts |
|
Derivative instruments |
|
$ |
1,765 |
|
|
Derivative instruments |
|
$ |
6,309 |
|
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 December 31, 2018 |
| |
|
Assets |
|
Liabilities |
| Type of Instrument |
|
Balance Sheet Location |
|
Fair Value |
|
|
Balance Sheet Location |
|
Fair Value |
|
| |
|
|
|
|
|
|
|
|
|
|
| Cash collateral balance |
|
Other current assets |
|
$ |
8,479 |
|
|
|
|
|
|
|
| Commodity contracts |
|
Derivative assets |
|
$ |
1,765 |
|
|
Derivative liabilities |
|
$ |
6,309 |
|
| |
|
As of December 31, 2017 |
| |
|
Assets |
|
Liabilities |
| Type of Instrument |
|
Balance Sheet Location |
|
Fair Value |
|
|
Balance Sheet Location |
|
Fair Value |
|
| |
|
|
|
|
|
|
|
|
|
|
| Cash collateral balance |
|
Other current assets |
|
$ |
3,813 |
|
|
|
|
|
|
|
| Commodity contracts |
|
Derivative assets |
|
$ |
998 |
|
|
Derivative liabilities |
|
$ |
2,307 |
|
|
| Schedule of 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 |
|
| |
|
|
|
Three Months Ended
September 30, |
|
| Type of Instrument |
|
Statements of Operations Location |
|
2019 |
|
|
2018 |
|
| Commodity contracts |
|
Cost of goods sold |
|
$ |
2,262 |
|
|
$ |
916 |
|
| |
|
|
|
Unrealized Losses |
|
| |
|
|
|
Three Months Ended
September 30, |
|
| Type of Instrument |
|
Statements of Operations Location |
|
2019 |
|
|
2018 |
|
| Commodity contracts |
|
Cost of goods sold |
|
$ |
(5,582 |
) |
|
$ |
(1,907 |
) |
| |
|
|
|
Realized Losses |
|
| |
|
|
|
Nine Months Ended
September 30, |
|
| Type of Instrument |
|
Statements of Operations Location |
|
2019 |
|
|
2018 |
|
| Commodity contracts |
|
Cost of goods sold |
|
$ |
(2,150 |
) |
|
$ |
(1,241 |
) |
| |
|
|
|
Unrealized Gains (Losses) |
|
| |
|
|
|
Nine Months Ended
September 30, |
|
| Type of Instrument |
|
Statements of Operations Location |
|
2019 |
|
|
2018 |
|
| Commodity contracts |
|
Cost of goods sold |
|
$ |
3,715 |
|
|
$ |
(3,121 |
) |
|
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 |
|
2018 |
|
|
2017 |
|
|
2016 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Commodity contracts |
|
Cost of goods sold |
|
$ |
(3,479 |
) |
|
$ |
(4,165 |
) |
|
$ |
1,386 |
|
| |
|
|
|
$ |
(3,479 |
) |
|
$ |
(4,165 |
) |
|
$ |
1,386 |
|
| |
|
|
|
Unrealized Gains (Losses) |
|
| |
|
|
|
For the Years Ended December 31, |
|
| Type of Instrument |
|
Statements of Operations Location |
|
2018 |
|
|
2017 |
|
|
2016 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Commodity contracts |
|
Cost of goods sold |
|
$ |
(3,235 |
) |
|
$ |
2,088 |
|
|
$ |
(3,370 |
) |
| |
|
|
|
$ |
(3,235 |
) |
|
$ |
2,088 |
|
|
$ |
(3,370 |
) |
|