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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Effect of Derivative Instruments on the Consolidated Balance Sheets
The following table summarizes the fair value and classification of the Partnership’s derivative instruments in its Consolidated and Condensed Balance Sheets:
 
Fair Values of Derivative Instruments in the Consolidated and Condensed Balance Sheets
 
Derivative Assets
Derivative Liabilities
 
 
Fair Values
 
Fair Values
 
 Balance Sheet Location
March 31, 2020
 
December 31, 2019
 Balance Sheet Location
March 31, 2020
 
December 31, 2019
Derivatives not designated as hedging instruments:
Current:
 
 
 
 
 
 
 
Commodity contracts
Fair value of derivatives
$
2

 
$

Fair value of derivatives
$

 
$
667

Total derivatives not designated as hedging instruments
 
$
2

 
$

 
$

 
$
667


Effect of Derivative Instruments on the Consolidated Statement of Operations
Effect of Derivative Instruments on the Consolidated and Condensed Statements of Operations
For the Three Months Ended March 31, 2020 and 2019
 
Location of Gain (Loss)
Recognized in Income on
 Derivatives
Amount of Gain (Loss) Recognized in
Income on Derivatives
 
 
2020
 
2019
Derivatives not designated as hedging instruments:
 
 
Commodity contracts
Cost of products sold
$
33

 
$
(239
)
Total effect of derivatives not designated as hedging instruments
$
33

 
$
(239
)