Annual report pursuant to Section 13 and 15(d)

DERIVATIVES. (Tables)

v3.19.1
DERIVATIVES. (Tables)
 12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
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 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 (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 )