Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES (Tables)

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DERIVATIVES (Tables)
 9 Months Ended
Sep. 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 September 30, 2018  
    Assets   Liabilities  
           
Type of Instrument   Balance Sheet Location     Fair Value   Balance Sheet Location       Fair Value  
Cash collateral balance   Other current assets   $ 7,752              
Commodity contracts   Derivative instruments   $ 1,954   Derivative instruments     $ 6,385  

 

    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 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 Gains (Losses)  
          Three Months Ended September 30,  
Type of Instrument   Statements of Operations Location     2018     2017  
Commodity contracts   Cost of goods sold   $ 916   $ (1,576 )

  

          Unrealized Gains (Losses)  
          Three Months Ended September 30,  
Type of Instrument   Statements of Operations Location     2018     2017  
Commodity contracts   Cost of goods sold   $ (1,907 ) $ 1,093  

 

          Realized Losses  
          Nine Months Ended September 30,  
Type of Instrument   Statements of Operations Location     2018     2017  
Commodity contracts   Cost of goods sold   $ (1,241 ) $ (4,495 )

 

          Unrealized Gains (Losses)  
          Nine Months Ended September 30,  
Type of Instrument   Statements of Operations Location     2018     2017  
Commodity contracts   Cost of goods sold   $ (3,121 ) $ 3,659