Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES (Tables)

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DERIVATIVES (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2018  
    Assets     Liabilities  
                     
        Fair         Fair  
Type of Instrument   Balance Sheet Location   Value     Balance Sheet Location   Value  
                         
Cash collateral balance   Other current assets   $ 5,746              
Commodity contracts   Derivative instruments   $ 7,634     Derivative instruments   $ 10,157  

  

    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 June 30,  
Type of Instrument   Statements of Operations Location   2018     2017  
Commodity contracts   Cost of goods sold   $ (499 )   $ (574 )

 

          Unrealized Gains (Losses)  
          Three Months Ended June 30,  
Type of Instrument   Statements of Operations Location   2018     2017  
Commodity contracts   Cost of goods sold   $ (2,410 )   $ 6  

 

        Realized Losses  
        Six Months Ended June 30,  
Type of Instrument   Statements of Operations Location   2018     2017  
Commodity contracts   Cost of goods sold   $ (2,157 )   $ (2,918 )

 

        Unrealized Gains (Losses)  
        Six Months Ended June 30,  
Type of Instrument   Statements of Operations Location   2018     2017  
Commodity contracts   Cost of goods sold   $ (1,213 )   $ 2,566