Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES. (Tables)

v3.19.3
DERIVATIVES. (Tables)
 9 Months Ended
Sep. 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 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  
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  
        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 )