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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments
The Company’s fair value measurements of its derivative instruments and the related location of the assets and liabilities within the consolidated condensed balance sheets on March 31, 2022 and December 31, 2021 were ($ in thousands):
Assets (Liabilities) at Fair Value
Balance Sheet ClassificationMarch 31,
2022
December 31, 2021
Fair value of derivative instruments - other current assets$8,344 $909 
Fair value of derivative instruments - other noncurrent assets4,078 470 
Total derivative contracts - assets$12,422 $1,379 
Fair value of derivative instruments - other current liabilities$— $(122)
Total derivative contracts – liabilities$— $(122)
Schedule of Location of Hedging Activities
The Company’s hedging activities for the quarters ended March 31, 2022 and 2021 and the related location within the consolidated condensed statements of income (loss) were ($ in thousands):
Income Statement ClassificationGain Recognized for the Quarters Ended March 31,
20222021
Interest expense - interest rate swaps$489 $283 
Cost of product sales - commodity swaps12,928 1,626 
Total$13,417 $1,909