XML 31 R28.htm IDEA: XBRL DOCUMENT v2.4.1.9
Derivatives (Tables)
3 Months Ended
Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Derivative Assets and Liabilities at Fair Value
The following table provides the fair values of our derivative financial instruments for the periods presented:
 
 
Asset Derivatives:
(dollars in thousands)
 
March 31, 2015
 
December 31, 2014
Derivatives not designated as hedging
instruments under FASB ASC 815:
 
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Currency contracts
 
Prepaid and other current assets
 
$
477

 
Prepaid and other current assets
 
$
403

Total undesignated
 
 
 
477

 
 
 
403

Total
 
 
 
$
477

 
 
 
$
403

 
 
 
 
 
 
 
 
 
 
 
Liability Derivatives:
(dollars in thousands)
 
March 31, 2015
 
December 31, 2014
Derivatives designated as hedging
instruments under FASB ASC 815:
 
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Natural gas contracts
 
Derivative liability - current
 
$
1,453

 
Derivative liability - current
 
$
1,222

Natural gas contracts
 
Other long-term liabilities
 
165

 
Other long-term liabilities
 
103

Total designated
 
 
 
1,618

 
 
 
1,325

Derivatives not designated as hedging
instruments under FASB ASC 815:
 
 
 
 
 
 
 
 
Natural gas contracts
 
Derivative liability - current
 
1,698

 
Derivative liability - current
 
1,431

Natural gas contracts
 
Other long-term liabilities
 
173

 
Other long-term liabilities
 
112

Total undesignated
 
 
 
1,871

 
 
 
1,543

Total
 
 
 
$
3,489

 
 
 
$
2,868

Summary of the Effective Portion of Derivative Gain (Loss) Recognized in Other Comprehensive Income (Loss)
The following table provides a summary of the effective portion of derivative gain (loss) recognized in other comprehensive income (loss):
 
 
Three months ended March 31,
(dollars in thousands)
 
2015
 
2014
Derivatives in Cash Flow Hedging relationships:
 
 
 
 
Natural gas contracts
 
$
(829
)
 
$
630

Total
 
$
(829
)
 
$
630

Reclassification out of Accumulated Other Comprehensive Income
The following table provides a summary of the effective portion of derivative gain (loss) reclassified from accumulated other comprehensive loss to the Condensed Consolidated Statements of Operations:
 
 
 
Three months ended March 31,
(dollars in thousands)
 
 
2015
 
2014
Derivative:
Location:
 
 
 
 
Natural gas contracts
Cost of sales
 
$
(536
)
 
$
465

Total impact on net income (loss)
 
 
$
(536
)
 
$
465

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
Gains (losses) on derivatives that were not designated as hedging instruments are recorded in current earnings as follows:
 
 
 
Three months ended March 31,
(dollars in thousands)
 
 
2015
 
2014
Derivative:
Location:
 
 

 
 

Currency contracts
Other income (expense)
 
$
74

 
$

Total
 
 
$
74

 
$

Natural Gas Contracts  
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The following table provides a summary of the gain (loss) recognized in other income (expense) in the Condensed Consolidated Statements of Operations from our natural gas contracts:
 
 
Three months ended March 31,
(dollars in thousands)
 
2015
 
2014
De-designated contracts
 
$
(104
)
 
$

Contracts where hedge accounting was not elected
 
(295
)
 

Total
 
$
(399
)
 
$