Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES. (Tables)

v3.19.2
DERIVATIVES. (Tables)
 6 Months Ended
Jun. 30, 2019
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, 2019  
    Assets     Liabilities  
Type of Instrument   Balance Sheet Location   Fair
Value		     Balance Sheet Location   Fair
Value		  
                     
Cash collateral balance   Other current assets   $ 1,008              
Commodity contracts   Derivative instruments   $ 5,437     Derivative instruments   $ 684  

 

    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  
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   2019     2018  
Commodity contracts   Cost of goods sold   $ (3,783 )   $ (499 )

  

        Unrealized Gains (Losses)  
        Three Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2019     2018  
Commodity contracts   Cost of goods sold   $ 8,754     $ (2,410 )

  

        Realized Losses  
        Six Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2019     2018  
Commodity contracts   Cost of goods sold   $ (4,413 )   $ (2,157 )

 

        Unrealized Gains (Losses)  
        Six Months Ended
June 30,		  
Type of Instrument   Statements of Operations Location   2019     2018  
Commodity contracts   Cost of goods sold   $ 9,298     $ (1,213 )