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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Outstanding Forward and Future Contracts
As of December 31, 2014, the Company had the following outstanding futures contracts with settlement dates ranging from February 2015 to March 2015. There were no forward contracts outstanding at December 31, 2014.
 
 
 
 
 
 
Notional Value
Commodity
 
Amount
 
($ in millions)
Silver
 
675,000

 
ounces
 
$
10.5

Gold
 
200

 
ounces
 
$
0.2

Copper
 
300,000

 
pounds
 
$
0.8

Tin
 
35

 
metric tons
 
$
0.7

Effect of Derivative Instruments on the Consolidated Income Statements
Effect of Derivative Instruments in the Consolidated Income Statements - Income/(Expense)
(in thousands)
 
 
 
Year Ended
 
 
 
 
December 31,
Derivative
 
Income Statement Line
 
2014
 
2013
 
2012
Commodity contracts
 
Cost of goods sold
 
$
2,655

 
$
2,620

 
$

 
 
Total derivatives designated as hedging instruments
 
2,655

 
2,620

 

Commodity contracts
 
Cost of goods sold
 
131

 
(92
)
 

Commodity contracts
 
Realized and unrealized gain on derivatives
 
1,307

 
1,988

 
522

Interest rate swap agreements
 
Interest expense
 
(156
)
 
(328
)
 

Derivative features of Subordinated Notes
 
Realized and unrealized (loss) gain on derivatives
 

 
(793
)
 
2,060

 
 
Total derivatives not designated as hedging instruments
 
1,282

 
775

 
2,582

 
 
Total derivatives
 
$
3,937

 
$
3,395

 
$
2,582

Fair Value of Derivative Instruments in the Consolidated Balance Sheets
Fair Value of Derivative Instruments on the Consolidated Balance Sheets - Asset/(Liability)
(in thousands)
 
 
 
December 31,
 
December 31,
Derivative
 
Balance Sheet Location
 
2014
 
2013
Commodity contracts
 
Prepaid and other current assets
 
$
667

 
$
1,778

 
 
Total derivatives designated as hedging instruments
 
667

 
1,778

Commodity contracts
 
Prepaid and other current assets/(Accrued liabilities)
 
97

 
(158
)
Interest rate swap agreements
 
Other liabilities
 
(138
)
 
(214
)
 
 
Total derivatives not designated as hedging instruments
 
(41
)
 
(372
)
 
 
Total derivatives
 
$
626

 
$
1,406