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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2011
Derivative Financial Instruments 
Commodity future contracts commitment for non monetary notional amount

 

 

Commodity

 

Long/Short

 

Total

 

 

Aluminum

 

Long

 

8,400

 

MT

Aluminum

 

Short

 

4,400

 

MT

Copper

 

Long

 

6,554

 

MT

Copper

 

Short

 

6,067

 

MT

Nickel

 

Long

 

12

 

MT

Nickel

 

Short

 

54

 

MT

Silver

 

Long

 

343

 

Lbs

Summary of the location and amounts of the fair values and gains or losses related to derivatives included in the entity's financial statements

 

 

 

 

 

 

Fair Value

 

Balance Sheets

 

 

 

September 30, 2011

 

December 31, 2010

 

Commodity futures net asset

 

Other current assets

 

$

1,440

 

$

 

Commodity futures net liability

 

Accrued expenses

 

 

4,988

 

 

 

 

 

 

Gain (Loss) for Three Months Ended

 

Statements of Income

 

 

 

September 30, 2011

 

September 30, 2010

 

Commodity futures contracts

 

Costs of goods sold

 

$

7,112

 

$

(720

)

 

 

 

 

 

Gain for Nine Months Ended

 

Statements of Income

 

 

 

September 30, 2011

 

September 30, 2010

 

Commodity futures contracts

 

Costs of goods sold

 

$

11,457

 

$

3,688